European Lawmakers Move to Soften ESG Rules Slammed by Exxon, Others (XOM:NYSE)

European lawmakers move to soften ESG rules slammed by Exxon, others (XOM:NYSE)

The European Parliament's legal committee voted to water down the European Union's corporate sustainability law, which is facing pushback from several companies including Exxon Mobil.

MEPs endorse rollback of corporate sustainability rules on EPP terms

Centre-right deal scales back EU due diligence and reporting rules, prompting criticism from Greens and campaigners

MEPs vote in favour of major rollback of corporate sustainability laws

The European Parliament’s legal affairs committee backs a major rollback of the EU's corporate due diligence and sustainability reporting laws, in what activists called "a clear win for Big Oil."

EU lawmakers slash ESG directives, narrowing scope to largest firms

The so-called juri committee voted to limit CSDDD to companies with at least 5,000 employees and €1.5 billion in annual revenue