Toughest ESG rule yet puts EU on collision course with US

The EU has moved much faster than others with its ESG ambitions. Meanwhile, US Republicans have sought to ban ESG regulations, one even uttering that ”Europe shouldn’t set standards for US companies.”
US Treasury Secretary Janet Yellen, July 16, 2023. | Photo: Sam Panthaky/AFP/Ritzau Scanpix
US Treasury Secretary Janet Yellen, July 16, 2023. | Photo: Sam Panthaky/AFP/Ritzau Scanpix
By Frances Schwartzkopff / Bloomberg

The woman in charge of getting Europe’s toughest piece of ESG legislation through the bloc’s parliament says she’s confident the US will embrace the global accountability the bill introduces, once politicians stop being distracted by lobbyists.

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