EU Plan to Water Down ESG Rules Risks Wave of Litigation, Legal Scholars Warn
The European Union's plan to slash the scope of new ESG regulations opens the door to a wave of litigation, as companies would no longer be required to act in a way that lives up to the bloc's climate law.
The warning comes from more than 30 legal scholars across the EU and UK at universities including Oxford and Cambridge. They want EU lawmakers to rethink a planned revision of ESG due diligence requirements, according to a letter addressed to the European Parliament.
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