In an October 30, 2020 issuance of a final rule, U.S. Department of Labor (DOL) Secretary announced a rule that will “ensure that retirement plan fiduciaries are focused on the financial interests of plan participants and beneficiaries, rather than on other, non-pecuniary goals of policy objectives,” including ESG considerations. To read more about the DOL’s stance on purported benefits and goals unrelated to financial performance—including ESG issues—click here.
In ESG Investments, DOL Keeps Focus on Financial Returns
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