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Collusion, Coercion, and the EU’s Corporate Sustainability Directives

 Concerns have been raised about unelected regulators and global financial firms using people's money to pressure businesses into addressing climate change and social issues through Environmental, Social, and Governance (ESG) initiatives. This has particularly impacted the energy sector and financial stability in Europe.

• The EU is enforcing ESG mandates via the Corporate Sustainability Reporting Directives (CSRD), which apply to both European and U. S. -based companies operating in the EU.

• A coalition of state financial officers, including the author, has urged President Trump to investigate the CSRD under Section 301 of the Trade Act of 1974, arguing it imposes unfair burdens on U. S. businesses.

• The CSRD requires companies to detail their ESG impacts and establish climate change plans, even mandating disclosures about their supply chains.

• The introduction of "double materiality" expands reporting obligations beyond traditional financial risks to include societal impacts, complicating compliance for U. S. firms.

• The CSR's influence extends to U. S. companies, undermining their sovereignty.

• Many U. S. financial institutions are distancing themselves from ESG practices due to their negative economic effects, while the EU remains committed to such policies.

• Legal challenges are expected as the CSRD invites frivolous lawsuits based on speculative climate assumptions.

• The EU’s ESG policies have already harmed European economies, and there are calls within Europe for a delay in the CSRD's implementation.

The U. S. must oppose the EU's ESG directives to safeguard American businesses, uphold market principles, and influence European policy reconsideration. 

https://realclearwire.com/articles/2025/02/27/collusion_coercion_and_the_eus_corporate_sustainability_directives_1094273.html

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