“Premised on an assumption - unsupported by any cited facts - that ERISA fiduciaries are misusing ESG”: Investors slap back DoL plans

All but one investment manager opposed the moves in consultation, says coalition

The proposed rules by the US Department of Labor (DOL) on how fiduciaries of employee pension plans should treat ESG factors seem unpalatable for almost all the investment firms that responded to the public consultation.

Analysis by a group of investors has found that 95% of all r…

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