Europe stands firm against US-driven ESG backlash
“Europe has so far largely resisted the anti-ESG tide, due to greater political and consumer support for greener products and a swathe of regulations that underpin the operations of the finance industry and companies in the real economy.”
[COMMENTARY] One explanation as to the difference between Europe and the USA concerning the anti-ESG sentiment could be that oil and gas production is a smaller player in Europe than in the USA. It’s that industry and various US states semi-reliant on the revenues from those industries that largely finance the anti-ESG sentiment.
Europe stands firm against US-driven ESG backlash, by Simon Jessop, Ross Kerber, and Isla Binnie, April 12, 2024, Reuters.