Labor Department supports ESG in retirement plans Episode 22
Episode Summary
The Department of Labor recently released its long-expected proposal detailing the use of ESG funds and methods in 401(k) retirement plans. Emile Hallez joins the podcast to discuss what this means for ESG and for retirement plans. We also speak with Careen Abb, SDG and Impact program lead for the U.N. Environment Program Financial Initiative, about the long-running program’s work to bring banking, insurance and investing to the sustainability space.
Episode Notes
In this episode you’ll hear about:
- The timeline for the DOL proposal for ESG.
- The effect it will have on retirement plans.
- How the field of ESG may be affected.
- What the UNEP FI program is and aims to do.
- What finance institutions can do to manage and drive SDG action.
- Impact reporting.
Related Video:
American investors most focused on ESG returns
2 min watchRelated Article: Labor Department issues ESG rule proposal for 401(k)s
Related Article: ESG would get massive boost from DOL proposed 401(k) rule
United Nations Environment Program Finance Initiative
Guest Bio: Careen Abb leads UNEP FI’s SDGs and Impact work, which aims to catalyze the finance sector’s ability to finance sustainable development and the transition to a more inclusive and sustainable economy – as per the Sustainable Development Goals (SDGs) adopted in 2015. At the heart of the Initiative lie the Principles for Positive Impact Finance and the belief that impact-based business and financing models will be key to addressing the SDG financing gap.
This focus builds on close to 10 years at UNEP FI, during which Careen helped develop and expand the sustainable finance agenda in emerging markets, by supporting the development of strong in-country sustainable finance networks and the creation of a well-established training programme on environmental and social risk management. A strong believer in the need for simple communication tools for banking practitioners, Careen is also co-author of UNEP FI’s Guide to Banking & Sustainability.
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