Europe Is Looking to Roll Back Climate Accounting Rules

Paul Mertenskötter’s commentary was included in a Wall Street Journal article examining how the European Commission is reviewing elements of its flagship Green Deal environmental policy as worries over rising costs and a lack of competitiveness with China and the U.S. grow within the continent.

“Many companies, including large U.S. multinationals, have invested a significant amount of time and resources,” Paul said. He adds that “many have restructured teams and internal processes with a view to comply efficiently with new sustainability reporting and supply chain due diligence obligations. For CSRD, in particular, implementation is mature and, for some, even essentially complete as the first reports are due to be published in the coming months.”