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 facing mounting pressure 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,

The call comes as Brussels has vowed to make life easier for firms complaining about excessive regulation, as the 27-nation bloc scrambles to revamp its economic competitiveness.

French authorities are calling for the European Union to agree to hold off on new bank capital rules on trading for longer than previously planned after the UK pushed back its implementation to 2027.