Investors with $6.8 trillion warn EU not to bow to ESG backlash

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The story "Investors with $6.8 trillion warn EU not to bow to ESG backlash" was covered 13 hours ago by Business Mirror, a news publisher based in Philippines.

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Investors with $6.8 trillion warn EU not to bow to ESG backlash - Business Mirror

Quick Summary:

A group of investors representing €6.6 trillion ($6.8 trillion) of assets is calling on European officials not to cave in to mounting pressure to scale back the bloc’s ESG regulations.

NFRD-listed entities are likely to face, on average, a total of €287,000 as a one-off cost of reporting and about €320,000 on annual basis.

Non-NFRD, non-listed undertakings incur the lowest administrative costs, primarily due to their smaller average size —about €36,000 on a one-off basis and €40,000 on a recurring basis.