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DOL Opens the Door for ESG Considerations
Pensions & Investments Oct. 23, 2015
"A 2008 interpretative bulletin from the Labor Department 'unduly discouraged plan fiduciaries' from considering environmental, social and governance factors under appropriate circumstances, [Secretary of Labor Thomas E. Perez] said in a statement. 'Changes in the financial markets since that time, particularly improved metrics and tools allowing for better analyses of investments, make this the right time to clarify our position.' "
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