Sustainability is becoming an increasingly important factor in the decisions of investors, companies, consumers, shareholders and policy- and lawmakers. The broadly supported awareness for the Environmental Social and Governance (‘ESG’) objectives is reflected in many international voluntary standards as well as in an increasing number of European regulations to mobilise financing for sustainable growth. Compliance […]

In a market that is becoming more conscious of the environmental (and social) impact of corporate activities, businesses in a vast array of sectors are keen to capitalise on this new trend by actively promoting their ‘green’ credentials. This incentive can lead to an increased risk of ‘greenwashing’ claims, as echoed by the recent international […]

Due to various factors, the codification of Corporate Social Responsibility (CSR) rules is intensifying in Europe and globally. A new source of law is gradually emerging and its binding nature is more visible than ever. Increasingly, this is also the case for CSR-related labour issues. With brand image and sustainability concerns pushing firms to do […]

In our podcast series ‘Tackling’, we explore, together with business leaders and industry experts, the business-, legal- and tax implications of social and economic trends for companies. #1 Sustainable Investing In our first podcast episode: ‘How ESG & corporate purpose contribute to a sustainable investment future’, our host Janet H. Anderson and guests Piet Klop, Research Director a.i. […]

Loyens & Loeff Luxembourg have once again been awarded the ESR Label by the INDR, Institut National pour le Développement. We consider CSR to be an important part of the manner in which we conduct our business and working on a focused strategy with clear objectives has real benefits for our firm, clients and staff. […]

Why are ESG and CSR so important in today’s society? Get a comprehensive understanding of the challenges this question raises and why it is so critical to the business. In Luxembourg, Corporate Social Responsibility (CSR), and Environmental Social and Governance (ESG) criteria represent major challenges for any company that needs to adapt its business and […]

As discussed in our previous blog, the EU legislator believes immediate action is needed to address global environmental challenges. To incentivise the financial services sector to mobilise capital, the EU has taken several legislative initiatives, which also impact the real estate sector. One of these initiatives is the EU Taxonomy Regulation, which entered into force […]

The world is facing major environmental challenges, such as climate change and the depletion of resources. According to the EU legislator, immediate action is needed to address these challenges and therefore a concerted effort to mobilise capital for this purpose is imperative. However, mobilising capital through public investment is not sufficient; the financial services sector […]

Now that companies are facing increasing scrutiny of their ESG practices by regulators, investors, customers, and the public at large, supply chain management and related ESG commitments (including the audit and enforcement hereof) are also receiving increased attention. Whether in the context of legal obligations to conduct ESG due diligence throughout the company’s supply chain, […]

ESMA published on 18 November 2022 a Consultation Paper on Guidelines on funds’ names using ESG or sustainability-related terms (the “ESMA Guidelines”) in order to prevent greenwashing risk. These may, potentially, have massive implications for private equity fund managers. Greenwashing Risk & Fund Names Investors are allocating an ever-increasing proportion of their portfolios towards ESG […]