Europe is hell bent on forcing US companies to go woke and it has a new law to do just that
Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com.
In May, officials in the European Union finalized a sweeping new law that will radically change business activities around the world and, by extension, the societies they operate in.
The law, formally titled the Corporate Sustainability Due Diligence Directive (CSDDD), will not only apply to companies that are based in the European Union, but also to businesses headquartered in other countries that provide products and services in the EU.
Under the law, large businesses will be forced to adopt left-wing environmental and social justice rules. In America, we refer to these as environmental, social, and governance (ESG) metrics, but in Europe, they are commonly called "due diligence."
EUROPE EXPECTED TO MOVE RIGHT IN EU ELECTIONS AMID VOTER ANGER OVER ILLEGAL IMMIGRATION, CRIME, ECONOMY
The law will not only force businesses to adopt Europe’s ESG rules within their own operations but also throughout much of their supply chains, regardless of where the companies in the supply chain are located. That means countless businesses within the United States will be affected by this law.
The European Union wants to regulate American businesses and the Biden administration isn't doing anything about it. (REUTERS/Yves Herman//File Photo)
The CSDDD mandates that........
© Fox News
visit website