Could ESG reporting rules spark an EU-US trade war?

Europe has its climate-related disclosures standards coming in 2025 in the form of the Corporate Sustainability Reporting Directive, while the European Sustainability Reporting Standards, focused on Scope 3 emissions, is going live in 2024 reports. Meanwhile, across the pond, the US has opted for a "watered down" reporting framework, which could be rolled back further depending on the outcome of the presidential election. Nikko Asset Management explores why there is a need for a more balanced approach from the two regions, and how this will impact the green bond market.