Europe’s ESG Drive to Push Vice Firms to Raise Money in U.S.
- Deutsche’s Taneja says some sectors being forced out of Europe
- EU’s sustainable finance regulations among the most stringent
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Europe’s stricter environmental, social and governance rules might be forcing companies in more controversial sectors to look across the Atlantic for funding.
That’s according to Trisha Taneja, Deutsche Bank AG’s newly-appointed global head of ESG for origination and advisory. The European Union’s sustainable investing rules are resulting in a broader application of ESG criteria, with asset managers looking to align their portfolios to its so-called taxonomy to ensure investments “do no significant harm.”