CSR as the driver of Corporate Governance Principles
In parallel to the launch of the Luxembourg Green Exchange (LGX) in September 2016, the Luxembourg Sotck Exchange (LuxSE) launched a working group to revise its Corporate Governance Principles. An overall revision as well as a new principle on corporate social responsibility was added to the X Principles of Corporate Governance of the Luxembourg Stock Exchange ("the X Principles")
Companies listed on the regulated market of the Bourse and incorporated under the Luxembourgish law will now have to disclose their corporate social responsibility (CSR) policy. The revised Decalogue is now one of the most advanced corporate governance documents in terms of mandatory CSR-commitment of listed companies. By introducing its new CSR principle in its X Principles, the stock exchange underscores its engagement towards promoting sustainable growth of the global economy.