Europe’s ESG rules will apply to US multinationals

News Snapshot:

Good morning. Peter Vanham here, on assignment in Brussels, filling in for Alan. On the ESG front, the U.S. and Europe remain oceans apart. In the U.S., the polarization of ESG is making the acronym a no-no even for its fans, while the EU’s regulatory tsunami on ESG will give U.S. multinationals no choice but to embrace and track ESG principles, regardless of what executives call them. That is the take-away from two ESG conferences I attended this week—one on each side of the Atlantic. In the U.S., ESG detractors have basically won. As Alan reported earlier, a full half...