EU agrees new CSRD rules to stop green-washing
The European Council and the European Parliament have taken an important step towards the implementation of a new sustainability reporting system in Europe. It concerns the Corporate Sustainability Reporting Directive, or CSRD, which requires companies to have their reported sustainability information independently verified.
In Flux: Fifty shades of green
Sustainable finance poses a compliance risk you can no longer afford to ignore, no matter whether you are green or brown. Offering green investment products without actually doing so can get you into serious trouble. Asoka Woehrmann, the chief executive officer at DWS, Deutsche Bank’s asset management arm, can tell you all about it.
Luxembourg faces stiff competition in green finance
The Global Green Finance Index, a leading international index ranking sustainable finance activities in global financial centres makes clear that Luxembourg is facing stiff competition in green finance. The Grand Duchy has lost two spots in the latest edition, although the score for the depth and quality of its offerings was up.
Luxembourg slips in green finance ranking
Luxembourg slipped two places in an international ranking of the quality and depth of green finance offerings in financial centres. Luxembourg ranked in 6th place, putting it in the top 15 green finance centres. The Grand Duchy is second in the EU in the ranking, behind Amsterdam, which came out ahead of Zurich, London, Oslo and San Francisco.
In the previous edition of the assessment, Luxembourg had ranked 4th.
7th edition