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DOL Proposes New Fiduciary Guidance for Selection of Socially Responsible Plan Investments
Ice Miller LLP Link to more items from this source
[Guidance Overview]
July 17, 2020

"In its current version, this guidance is very likely to steer plan fiduciaries away from ESG-oriented investments.... [T]he proposed rule does not address the financial criteria that must be used to determine when investments are considered 'indistinguishable' for purposes of selecting an ESG as a 'tie-breaker.' ... Additionally, the proposed rule does not address a specific time period that should be considered when comparing the financial metrics of ESG and non-ESG options.... [P]lan fiduciaries should thoroughly document the decision-making process ... when selecting ESG-themed investment options."

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