Yellen says US is concerned about EU's ESG supply chain rules
newscatcher
2023-06-15 01:32
Yellen says US is concerned about EU's ESG supply chain rules
Treasury Secretary Janet Yellen said the US is concerned about the potential 'negative, unintended consequences' of European Union efforts to force corporations to screen their supply chains for environmental and social risks. 'We're looking very carefully at the EU's corporate sustainability directive and we're concerned about the impact it could have on US firms,' Yellen told lawmakers Tuesday (June 13) at a hearing of the House Financial Services Committee. 'We're consulting with the EU and making clear that we're concerned about the directive's extra-territorial scope.

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