EU signals flexibility on ESG rules after threats from Qatar, US

Europe signaled it's willing to accommodate international concerns about its ESG rules, as the bloc fields threats from the US and Qatar.

- Bloomberg

The comments follow a barrage of complaints targeting the EU's corporate sustainability reporting and due diligence directives, known as CSRD and CSDDD. Though both directives are in the process of being wound back, they're still set to apply to companies outside the bloc if they do business inside the EU.

"Obviously as the European Union, we retain our regulatory autonomy," Valdis Dombrovskis, the EU's economy and productivity commissioner, said in an interview with Bloomberg Radio. "On other hand, of course, we also need to listen and acknowledge concerns which various partners around the world are having and reflect on the implications."