Yves Even, Partner and leader for commercial and industrial companies at EY is touring the country to meet global leaders settled in Luxembourg and share their stories. Sudhakar Sivaji, CFO of Aperam, accepted to share his insights on what’s on top of his personal and business agenda: Sustainability.
Four years after the enforcement of the General Data Protection Regulation (“GDPR”), data protection and compliance remain a challenge – as recent colossal fines amounting up to 764 million euros showed recently.
Regulatory evolutions such as the Corporate Sustainability Reporting Directive (CSRD) are confirming the integration of ESG factors into non-financial information. How will this help valuation professionals in quantifying ESG factors? Christophe Vandendorpe and Elena Moisei from EY Luxembourg share their views.
After having opened its offices in Luxembourg, DataQube, developer of the world’s first standalone edge data centre module, has raised €26 million to accelerate the commercialization of a new generation of modular data centres with a significantly reduced carbon footprint.
The fund industry has shown its resilience since the end of 2020. The first half of 2021 has confirmed this trend and even augurs new records for the industry, which has proven to be a tool of choice in the face of the environmental challenges.
EY has recently released its flagship tax publication, the “Worldwide Corporate Tax Guide 2021”, a guide summarizing the corporate tax systems in more than 160 jurisdictions – an essential for every taxpayer.
Valuation oversight is definitely a theme at the forefront of many AIFM agendas and more specifically, the efficient organization and digitalization of the valuation function and oversight. This was one of the highlights of the round table organized by EY Luxembourg.
Following the Covid 19 outbreak, raising capital became more cumbersome. Multinational groups could use intragroup financial guarantees to decrease their cost of funding. New guidance has been published to price such guarantees at arm’s length conditions, increasing scrutiny by tax authorities.
The Philharmonie Luxembourg, Mudam Luxembourg – Musée d’Art Moderne Grand-Duc Jean and Grand Théâtre de la Ville: three of Luxembourg’s major cultural institutions, continue their innovative red bridge project, building bridges, both geographically and artistically, between music, dance, performance and visual arts.
We often hear that it is good to have a life insurance policy in order to transfer lump sums to family and friends, or to be used as a means of savings by building up additional capital in the longer term.
What does sustainability mean to you and your business? In Luxembourg, the scrutiny of businesses' environmental, social, and corporate governance programs looks set to further intensify. But does this shift spell more opportunity or an increase in risk? UBS presents three simple steps for any business to become more sustainable, purposeful… and potentially more profitable.
Business leaders tend to freeze once they hear one of these words. However, they are not as cold as current times where we long for sunny days to return, especially with us still facing confinement in one way or another. Grab a coffee, get cozy and let’s dive within the warmer world of liquidation!