(Bloomberg) Firms that fail to take ESG seriously face a bleak future in the European Union, as the bloc pushes ahead with the world’s most ambitious set of environmental, social and governance regulations.
That’s according to Mairead McGuinness, the EU’s commissioner for financial markets and services.
“What the European Union has been doing is quite extraordinary,” McGuinness said in an interview with Bloomberg Television’s Maria Tadeo in Brussels on Tuesday. “Profit is important but we’re now saying it’s not the only thing that matters.”
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