Whether you’re a fan or not, new Environmental, Social, and Governance (ESG) reporting rules are imminent. The EU has passed extensive regulation that will kick in January 1 detailing, and I mean in great detail, what companies will be required to report.
In a recent Bloomberg interview European Banking Authority Chairman Jose Manuel Campa said, banks need to stop complaining that new rules will make them “look bad” and accept that they’ll need to start reporting additional data in a few months. And while the new rules were formulated by the EU, they will impact a large number of U.S. based companies doing business in the EU.
