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More than 200 businesses worth trillions across the United States and Europe recently urged their governments to take climate and environment, social and governance action. They say that by not coming up with international standards, businesses would be unable to properly channel investments toward sustainable businesses, which could hinder restructuring of financial systems toward long-term value creation and resilience.
In the US, 163 companies sent a letter to Congress urging passage of infrastructure and clean energy legislation, especially the Biden Administration’s recently announced Build Back Better Act framework. In Europe, 57 organizations sent an open letter to the European Union to act on ESG disclosure standards.