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The DOL Pendulum Swings on ESG, But How Far Remains to Be Seen
Debevoise & Plimpton LLPLink to more items from this source
[Guidance Overview]
Oct. 18, 2021

"The proposed rule clarifies when and how ESG factors can be taken into account by an ERISA plan fiduciary.... Plan fiduciaries are no longer prohibited from choosing a QDIA that considers ESG factors if the investment alternative best serves the financial interest of the plan.... The proposed rule amends the current regulations regarding proxy voting policies in two noteworthy but generally modest ways."

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