Mira Tiwari | S2E7 | The Global South implications of EU ESG policy and how to make it more just

In this episode of the FSR Policy Briefcase (Season 2, Episode 7), hosts Leonardo Meeus and James Kneebone speak with Mira Tiwari from the Robert Schuman Centre for Advanced Studies about how the EU’s evolving approach to environmental, social and governance (ESG) policies is impacting value chains in the Global South.

Mira breaks down what “Global North” and “Global South” really mean in today’s context, and why the Global South’s agency is often undervalued in international ESG decision-making. Together, the group explores:

– How representation in ESG bodies can affect outcomes

– Why Global South participation in the policymaking process is crucial for successful implementation

– The potential tensions between commercial interests and ESG priorities

– What the EU’s recent regulatory changes signal for global cooperation

Drawing on Mira’s recent co-authored article, the discussion highlights key policy recommendations for improving ESG governance worldwide. Recorded in May 2025.

https://www.cambridge.org/core/journals/environment-and-development-economics/article/reforming-esg-a-european-and-global-south-perspective/1323446BCF29A503EFA4E361ADBE0CCD

0:00 Intro
3:00 Defining the terms ‘Global South’ and ‘Global North’
5:26 Improving stakeholder participation in ESG frameworks and the importance of good data!
17:14 Penalties and enforcement of ESG frameworks
18:26 Is there a compelling business case for complying with ESG?
23:52 Implications of the EU’s regulatory omnibus for ESG and stakeholders in the Global South
29:19 Outro