France is pushing to cut red tape at European Union level, calling for a "massive pause" in new EU regulations, a delay in rules requiring companies to report on their environmental footprint, and changes to even freshly passed laws.

The European Union is set to scale back its highly contested ESG reporting requirements, as France prepares to unveil a formal proposal seeking to limit the scope of the regulatory framework.

France is advocating for a significant revision of European regulations, particularly those related to Environmental, Social, and Governance (ESG) rules. This comes as Europe grapples with its competitiveness amid extensive deregulation in the United States,