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.
The goal should be rules that are manageable, but “not costly for companies,”
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