EU Bourses Face Delistings as ESG Rules Hit Multinationals
- Non-EU firms are waking up to January compliance deadline
- EU’s corporate reporting rules have met widespread opposition
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Companies based outside Europe are reviewing securities they’ve listed in the bloc, as the implications of an overlooked clause in new ESG reporting rules sink in.
International companies that have issued stocks and bonds in the EU may need to comply with Europe’s Corporate Sustainability Reporting Directive (CSRD) as soon as January, according to lawyers advising corporate clients affected by the new rules. That’s four years earlier than many had expected, and may drive a number of non-EU companies to cancel their EU securities, the lawyers said.