EU Plans to Walk Back Key Planks of Toughest ESG Legislation

The European Commission is proposing a significant watering down of what was arguably its most consequential piece of ESG regulation.

The European Union’s executive arm is proposing that the bloc amend eight main points in the scope of the Corporate Sustainability Due Diligence Directive, according to a draft proposal seen by Bloomberg. The changes span everything from limiting corporate obligations to monitor potential ESG breaches in supply chains, to reducing potential fines.