Global scope of EU’s greenwashing crackdown spooks Wall Street

Investors are concerned by the reach of a new anti-greenwashing directive. For many of the world's biggest investment banks, the EU's new Corporate Sustainability Reporting Directive means producing environmental reports for businesses that sprawl across dozens of regions and are much larger than their EU-based entities. Laura Noonan reflects on why bankers are complaining about the extraterritorial extent of the new directive on sustainability reporting.