ESG & Investing
EU Set to Cut ESG Red Tape as France Adds to Mounting Pressure
- Germany has already raised objections about the scope of CSRD
- Regional leaders call for lightening the burden for companies
In the existing plan, Corporate Sustainability Reporting Directive would affect as many as 50,000 companies doing business in the European Union.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
The European Union is facing mounting pressure to scale back its highly contested ESG reporting requirements, as France prepares to unveil a formal proposal seeking to limit the scope of the regulatory framework.
The French government is working on a set of recommendations intended to rein in the Corporate Sustainability Reporting Directive. The proposal will likely include limiting the number of companies in scope for the full requirements, according to a person familiar with the matter who asked not to be identified discussing private talks.