Greenpeace Luxembourg vs. Fonds de Compensation de la Sécurité sociale SICAV FIS

On March 11, 2024, Greenpeace Luxembourg filed a complaint against Fonds de Compensation de la Sécurité sociale (FDC) SICAV FIS (‘the Fund’) to the Luxembourg NCP. The complainant alleges that the Fund does not align with the OECD Guidelines due to its lack of risk-based human rights and environmental due diligence policy. The complaint also alleges that the Fund has not implemented measurable objectives, targets, and strategies for addressing climate change and thus does not align with the Paris Agreement goals. The complaint also points to misleading claims about the sustainability of its investments. The complaint was filed under the 2011 and 2023 versions of the OECD Guidelines and cites Chapter II (General policies), Chapter III (Disclosure), Chapter IV (Human rights), Chapter V (Environment), and Chapter VIII (Consumer interests).