Department of Labor won’t enforce Trump-era ESG rules for fund selection and proxy voting
Move from DOL comes days after the announcement of ESG and climate initiatives by the SEC
The US Department of Labor (DOL) will not enforce Trump-era rules requiring workplace pensions to solely consider financial factors when selecting plan investments or casting proxy votes, it said yesterday.
The rules, which came into force just days before President Biden took off…
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- tagged with:
- SEC,
- DOL,
- ERISA,
- North America,
- Biden Administration
