France Seeks to Reform European ESG Regulations By Investing.com

Investing.com – France is calling for a major review of European regulations, especially those related to environmental, social and governance (ESG) rules. This comes as Europe struggles for its competitiveness amid widespread deregulation in the United States, led by President Donald Trump.

The French government proposed a “wide-ranging regulatory pause,” according to a 22-page document seen by Bloomberg. The document, dated January 20, indicates that recent legislation needs to be re-evaluated and amended. Existing laws were deemed “inadequate” to the new environment characterized by increased international competition and the uncooperative policies of major global competitors.

This call for rework comes at a time when Europe is striving to regain its competitiveness in the global market, especially in the face of sweeping trans-Atlantic deregulation. The French government document highlights the need to re-evaluate current regulations and the potential for amendments to better suit the current international business landscape.

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