Skip to content
  • MyNewMarkets.com
  • Claims Journal
  • Insurance Journal TV
  • Academy of Insurance
  • Carrier Management
Insurance Journal - Property Casualty Industry News

Featured Stories

  • App Trucker Path Launches Retail Insurance Agency
  • Berkley Explains Property Market, Company Appetite
  • Articles
  • Jobs
  • Markets

Current Magazine

current magazine
  • Read Online
  • Subscribe
  • Login
  • Front Page
    • National
    • International
    • Most Popular
    • Magazine
    • Forums
    • Blogs
    • Videos/Podcasts
    • Newsletters
  • News
    • Most Popular
    • National
    • International
    • East
    • Midwest
    • South Central
    • Southeast
    • West
  • Magazines
  • Research
  • Directories
  • Jobs
  • Features
    • Events
    • Forums
    • Market Directories
    • Quotes
    • Polls
    • Rankings & Awards
    • Insurance Giving Back
  • Subscribe

Wall Street Regulator Says it Has Concerns Over European ESG Rules

By Douglas Gillison | September 11, 2025
Email This Subscribe to Newsletter
  • Article
  • 1 Comment

Wall Street’s top regulator on Wednesday criticized two recent European laws on companies’ disclosures of their environmental, social and governance impacts, underscoring the shift in U.S. financial regulation since President Donald Trump took office.

In an address to an event held in Paris by the Organization for Economic Cooperation and Development, Paul Atkins, chair of the U.S. Securities and Exchange Commission, said the laws could impose costs on investors and called on European authorities to focus on promoting free enterprise instead.

“I have significant concerns with the prescriptive nature of these laws and their burdens on U.S. companies, the costs of which are potentially passed on to American investors and customers,” Atkins said, according to prepared remarks.

Though Atkins noted recent changes to ease the laws’ burdens, he said more work was necessary, adding that Europe should focus on cutting firms’ reporting obligations “rather than pursuing ends that are unrelated to the economic success of companies” or their shareholders.

The European Union last year adopted a law, the Corporate Sustainability Due Diligence Directive, requiring larger companies to verify whether their supply chains use forced labor or cause environmental damage, and to address this if they do.

However, this was watered down to win the support of some EU members.

Separately, the European Commission in February proposed looser environmental and corporate sustainability standards under the EU’s corporate sustainability reporting directive, which requires companies to disclose information about their environmental and social impacts to investors and consumers.

Copyright 2025 Reuters. Click for restrictions.

Topics Europe

Was this article valuable?

Thank you! Please tell us what we can do to improve this article.

Thank you! % of people found this article valuable. Please tell us what you liked about it.

Here are more articles you may enjoy.

Amazon’s AWS Struggles to Recover After Major Outage Disrupts Apps, Services
Catastrophe Bonds’ Huge Market Gains Put Reinsurers on Backfoot
All Commercial Insurance Lines Except One in ‘Soft-Market Territory’: WTW
Rotting Apple: Berkley Explains Property Market, Company Appetite

Written By Douglas Gillison

More From Author

The most important insurance news,
in your inbox every business day.

Get the insurance industry's trusted newsletter

Email This Subscribe to Newsletter
  • Categories: International & Reinsurance NewsTopics: Corporate Sustainability Due Diligence Directive, environmental social and governance (ESG), financial regulation, U.S. Securities and Exchange Commission (SEC)
  • Have a hot lead? Email us at newsdesk@insurancejournal.com

Latest Comments

  • September 11, 2025 at 7:41 am
    Barking neighbors dog says:
    Simple solution: divest from companies abiding by Euro ESG rules.

Add a CommentSee All Comments (1)Add a Comment Cancel reply

Your email address will not be published. Required fields are marked *

*

*

More News
Business Moves: MNK International Acquires Broker in Turkey; Specialist Risk Group Buys Healthcare Consultancy, Specializing in UK Professional Sports
Best Agency to Work For – West Region: Kulchin Ross
People Moves: Aon Re Names Secker EMEA Chief Client Officer, De Bosini as Chief Broking Officer; ACORD Taps Former IUA CEO Matcham as Digital Markets Ambassador
Trump Plan Would Open Almost All Coast to Offshore Drilling
More News Features

Read This Next

  • Wall Street Regulator Says it Has Concerns Over European ESG Rules
  • TDI Drafts New Rule Requiring Appraisal Provision in Auto and Homeowners Policies
  • AWS Outage a 'Moderate Incident,' Another Near Miss for Insurance Industry
  • Tips to Make the Most of Carrier Relationships
  • Marsh McLennan and Businesses to Unify Under 'Marsh' Brand; New Unit Created

Insurance Jobs

  • Customer Service Agent – Personal Lines - Bethlehem, PA
  • Regional Sales Manager - Irving, TX
  • Business Development Representative - Remote/Pittsburgh, PA/Allentown, PA
  • Senior Underwriter - Denver, CO ( Hybrid)
  • Litigation Coverage Adjuster - Pennsylvania, PA
MyNewMarkets
  • Death and Insurance (Not Taxes): Part One
  • AI for Agents
  • How to Attract the Next Generation to Insurance
  • 5 Evolving Trends Shaping Architects and Engineers Coverage
  • Rethinking Assault & Battery Liability in Commercial Real Estate
Claims Journal
  • Alaska Airlines Restores Operations After Tech Outage Grounds Flights
  • Carmakers Fight to Keep Going as Nexperia Chip Conflict Drags On
  • Agency Questions Tesla About 'Mad Max' Driver Assistance Mode
  • Rivian to Pay $250 Million to Settle Legal Suit Over Price Hikes
  • GEICO Sues Medical Firms in Florida, NY Over Alleged No-Fault Auto Fraud
Academy of Insurance education
  • October 21 E&S Property Underwriting
  • October 23 Gotchas That'll Getchya - Latest Policy Language That'll Get You Sued
  • October 30 Challenges in Agency Mergers – Reducing Staff Flight and Avoiding E&O Claims
  • November 6 Risk and Insurance for Digital Nomads

Insurance News

  • News by Region
  • News by Topic
  • Yesterday

Site Search

Features

  • Insurance Markets Directory
  • Forums
  • A.M. Best Company Ratings
  • Industry Events
  • Agencies For Sale
  • Newswire
  • Insurance Jobs
  • Rankings & Awards

Connect with us

  • Email Newsletters
  • Magazine Subscriptions
  • For Your Website
  • RSS Feeds
  • Twitter
  • Facebook
  • LinkedIn
  • Do Not Sell My Info

Insurance Journal

  • Submit News
  • Advertise
  • Subscribe
  • Reprints
  • Link to Us
  • Contact Us

Wells Media Group Network

  • Insurance Journal
  • MyNewMarkets.com
  • Claims Journal
  • Insurance Journal TV
  • Academy of Insurance
  • Carrier Management
© 2025 by Wells Media Group, Inc. Privacy Policy | Terms & Conditions | Site Map