Risk Managers Warn US Clients of EU Rules Shock: ESG Regulation

May 10, 2023, 4:00 PM UTC

Corporations in the US are unprepared for the paradigm shift that’s about to hit their reporting requirements as European Union rules kick in, according to the risk managers advising them.

The rule-set in question is the Corporate Sustainability Reporting Directive. CSRD became part of EU law in January, with the European Commission set to present the first set of detailed instructions this month. The EU expects CSRD to affect about 50,000 companies, including those outside the bloc with dual listings or subsidiaries in Europe.

But there are signs that few corporations outside the EU have a clear understanding ...

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