ESG, the proposed DOL rule and fiduciary duty
The Labor Department's proposed ESG rule is a great step forward. The transition to a more sustainable economy will require increased attention to material risks and opportunities, including those related to ESG factors.
The Department of Labor has issued a proposed rule that would empower ERISA fiduciaries to consider environmental, social and governance factors when making investment decisions on behalf of plan participants and when voting corporate proxy ballots.
The proposal reverses the DOL rule enacted in l
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