CSSF presses fund managers to tighten ESG disclosures

CSSF's headquarters in Luxembourg. Photo: IO.
CSSF's headquarters in Luxembourg. Photo: IO.
The CSSF has ordered all Luxembourg-based investment fund managers to review and, if necessary, correct their sustainability risk policies and disclosures, following a Europe-wide supervisory exercise that found compliance broadly satisfactory but still in need of significant improvement. The order also applies to managers of so-called Article 6 funds, which do not claim ESG characteristics.
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