Windmills are seen in front of the Gries dam at SwissWinds farm, Europe's highest wind farm at 2500m, near the Nufenen Pass in Gries, Switzerland, September 2, 2022. REUTERS/Denis Balibouse/File Photo Purchase Licensing Rights
April 12 (Reuters) - Steady investor demand in Europe for environmental and socially responsible investments and wide-ranging regulation are helping Europe's finance industry withstand political pressures that have pushed some U.S. peers to backtrack on their green agendas.
In the United States, conservative politicians have been successful in tamping down environmental, social and corporate governance (ESG) product marketing, in diluting regulations that promote ESG disclosures, and in discouraging financial firms from co-ordinating on curbing greenhouse gas emissions.
Source: https://www.reuters.com/sustainability/sustainable-finance-reporting/europe-stands-firm-against-us-driven-esg-backlash-2024-04-12/
