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Lawmakers eye mandatory ESG due diligence

by Alice Murray 8 August 2018

EU private equity houses would be legally bound to “identify, avoid, mitigate, account for and communicate” ESG impacts under rules proposed by Dutch MEP Paul Tang.

Tang, the European Parliament’s lead negotiator for the EU Sustainable Finance plan, tabled legislation in August setting out an “ESG due diligence framework” all financial market participants would need to follow. The mandatory process should be, according to the MEP, based on OECD

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