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District Court Upholds New ERISA Rules on ESG Investing
Hunton Andrews Kurth LLP 
Sept. 28, 2023 "The decision ... upholds the [DOL's] interpretations under ERISA that plan fiduciaries may consider ESG factors when evaluating the risk-weighted returns of investment options, but should not give extra weight to ESG factors in choosing investments. The decision thus affirms the [DOL's] long-standing focus on risk-weighted financial returns as the touchstone for compliance with ERISA fiduciary duties." [Utah v. Walsh, No. 23-0016 (N.D. Tex. Sep. 21, 2023)] MORE >> |
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