EBSA Proposal Pours Cold Water on ESG Enthusiasm

EBSA Proposal Pours Cold Water on ESG Enthusiasm
Courtesy of BlackRock via AP

Noting its concern “that the growing emphasis on ESG investing may be prompting ERISA plan fiduciaries to make investment decisions for purposes distinct from providing benefits to participants and beneficiaries and defraying reasonable expenses of administering the plan,” the Labor Department has proposed a new rule to clarify the standards.

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