Conflicting ESG Reporting Rules Create Major Business Challenge

Companies are wrestling with their responses to clashing environmental, social and governance regulations, as the US, EU and California seek different climate disclosures, according to a new Thompson Hine report.

A lack of clarity due to conflicting ESG requirements is the biggest short-term ESG challenge now facing public companies, with 41% citing the issue in survey results the law firm released Tuesday.

Thompson Hine LLP received responses in its May survey from 152 US in-house lawyers and other executives at public and private companies in manufacturing, financial services and other industries. More than a third were from public companies.

The ...