DOL to Reverse Rules "Chilling" ESG Investing and Proxy Voting

The U.S. Labor Department (DOL) has proposed regulations that would greatly expand how retirement and pension plans can invest in ESG strategies and clarify the scope of ERISA plans' responsibility for proxy voting.  If adopted, the DOL's proposal, drafted by the Employee Benefits Security Administration (EBSA), will reverse the former administration's regulations on ESG factors in retirement portfolios and ERISA fiduciaries' use of proxy voting powers in favor of social or political goals. 

Thursday, October 14, 2021/Author: David Schwartz/Number of views (67)/Comments (0)/