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Significant ESG Movement on the ERISA Front
Stradley Ronon May 25, 2021 "Legislation is afoot that would amend ERISA to expressly permit fiduciaries to account for environmental, social and governance (ESG) factors as part of their fiduciary duties.... [T]he bill provides that an investment selected based on ESG or similar factors may be a permissible [qualified default investment alternative (QDIA)] for a plan that uses a default investment option as part of its menu." |
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