EU opens door to revamping its landmark ESG investing rules

FILE PHOTO: European Union flags flutter outside the European Commission headquarters in Brussels, Belgium, June 5, 2020. REUTERS/Yves Herman/File Photo/File Photo

Brussels: The European Union (EU) is considering extensive changes to its environmental, social, and governance (ESG) investing framework in response to criticism from asset managers and national regulators.

In a public consultation, the European Commission will seek to find out how the Sustainable Finance Disclosure Regulation (SFDR) is working in practice, including costs to the financial market.