By Kate Abnett and Virginia Furness

LONDON (Reuters) -TotalEnergies and Siemens have called on European governments to abolish one of the EU’s flagship corporate sustainability laws in order to boost the continent’s competitiveness, a letter seen by Reuters shows.

TotalEnergies CEO Patrick Pouyanne and his Siemens AG counterpart Roland Busch wrote the letter to French President Emmanuel Macron and German Chancellor Friedrich Merz, on behalf of 46 European companies.

Abolishing the rules would be a “clear and symbolic signal to European and international companies that the governments and the Commission are really engaged to restore competitiveness in Europe,” the letter dated October 6 said.

Siemens and Total did not immediately respond to requests for comment.

The European Union’s co

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