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Europe’s ESG Drive to Push Vice Firms to Raise Money in U.S.

  • Deutsche’s Taneja says some sectors being forced out of Europe
  • EU’s sustainable finance regulations among the most stringent
Updated on

Europe’s stricter environmental, social and governance rules might be forcing companies in more controversial sectors to look across the Atlantic for funding.

That’s according to Trisha Taneja, Deutsche Bank AG’s newly-appointed global head of ESG for origination and advisory. The European Union’s sustainable investing rules are resulting in a broader application of ESG criteria, with asset managers looking to align their portfolios to its so-called taxonomy to ensure investments “do no significant harm.”