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By Sara GARCIA – Associate, Arendt Medernach Rocco MEZZATESTA – Manager, Arendt Regulatory Consulting
The implementation of Directive (EU) 2022/2464 on corporate sustainability reporting (CSRD)(1) into Luxembourg law has entered a decisive phase. Bill of law 8370 (the Bill),(2) introduced to implement the CSRD, has undergone significant amendment to align national implementation with the EU Commission’s first Omnibus Package (the Omnibus Package).(3) In addition, the EU Commission is preparing a “quick fix” Delegated Regulation(4) that extends the transition period for selected European Sustainability Reporting Standards (ESRS)(5) datapoints and removes some disclosure requirements.
These amendments provide vital...
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