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More ESGcitement from the DOL: New Proposed Investment/Proxy ERISA Regs (PDF)
Dechert LLP
[Guidance Overview] Nov. 15, 2021 15 pages. "Some may be reading the Proposed Regulation's operative language as requiring fiduciaries to consider certain ESG and ESG-type factors when making their investment and investment-related decisions.... Competing policy objectives may well be at play here, with those favoring a more expansive use of ESG factors to advance a climate-based agenda confronting the very real legal safeguards imposed by ERISA in connection with Plans' economic returns." MORE >> |
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