“The European Union’s Corporate Sustainability Reporting Directive won’t just affect local companies, it will transform sustainability reporting around the globe.”
[COMMENTARY] Companies that take an anti- ESG/sustainability stance in their activities may not be let into European markets. In effect, the US anti-woke crowd investing in anti-ESG/sustainable companies will likely see lower financial returns.
So, what about the returns for those pension funds in US states that are requiring them to not include ESG/sustainability criteria for inclusion in their portfolios? They and their investors aren’t going to be pleased. This whole anti-ESG/sustainability movement is likely to collapse as fast as it has arisen.
How the new EU directive will rewrite ESG reporting, by Matt Orsagh, May 1, 2023, GreenBiz, USA.