The Luxembourg Sustainable Finance Initiative (LSFI) on Wednesday launched a new toolkit to support financial professionals in navigating the complex maze of the European Union’s sustainable finance regulation.
The toolkit, which can be accessed by the LSFI’s website, covers the following European Union sustainable finance legislative pieces: Taxonomy, Sustainable Finance Disclosure Regulation (SFDR), Corporate Sustainability Reporting Directive (CSRD), Markets in Financial Instruments Directive II (MiFID II), Corporate Sustainability Due Diligence Directive (CSDDD), Low Carbon Benchmark Regulation and Green Bond Standard (GBS).
The EU sustainable finance regulatory agenda evolves swiftly and is composed of several legislative pieces. Some of these are closely interlinked, but often follow different timelines and target different actors.
Challenge
“From our conversations with the financial sector, we understood that sustainable finance regulation is one of the main challenges,” said Nicoletta Centofanti, LSFI general manager.
“Understanding the legislation’s evolutions is indeed complex; because of that, we decided to develop this new section on our website. We gather in one same space key regulatory concepts and their implications to support the Luxembourg financial players in this important journey”
The content of the online toolkit has been developed with support of consultancy PwC Luxembourg. LSFI said will maintain the toolkit updated regularly as main regulatory updates occur.