Season 2, Episode 11 – “May” Way? The New DOL ESG Regulation
The U.S. Department of Labor has unveiled its much-anticipated final ESG rule allowing “plan fiduciaries to consider climate change and other environmental, social and governance factors when they select retirement investments and exercise shareholder rights, such as proxy voting.” The operative word for plan fiduciaries is MAY, not must consider ESG factors—a concern that had arisen in the wake of the proposed regulation previously issued.
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