CSSF Thematic Review On The Implementation Of Sustainability-Related Provisions: Key Points

Following the entry into force of various texts amending the sustainability-related Luxembourg legislative and regulatory framework, the CSSF conducted various supervisory actions, as part of the implementation of its Supervisory Priorities in the Area of Sustainable Finance, taking into account the ESMA Supervisory briefing on Sustainability Risks and Disclosures.

The main observations of the CSSF in the context of these supervisory actions were published in the CSSF Thematic Review on the Implementation of Sustainability-Related Provisions. The key takeways for the funds industry are summarised below.

1. Organisational arrangements of investment fund managers ("IFMs"), including the integration of sustainability risks by IFMs