US Business Groups Send Letter Slamming ‘Egregious’ EU ESG Rule

The biggest business associations in the US sent a letter to White House cabinet members, including Commerce Secretary Howard Lutnick, asking them to block the European Union from moving ahead with plans to have a hotly contested ESG rule apply to American companies.

The letter, which also is addressed to US Treasury Secretary Scott Bessent, Energy Secretary Chris Wright, White House National Economic Council Director Kevin Hassett and Jamieson Greer, the US trade representative, targets the EU’s efforts to move ahead with the Corporate Sustainability Due Diligence Directive.

Despite EU efforts to simplify CSDDD, current legislation, ...