DOL Rule Clarifies that ESG Analysis is Consistent with Fiduciary Duty. Will it Preempt State Anti-ESG Laws?
Law Columbia
NOVEMBER 23, 2022
The final rule comes at a time when investors are facing increasing financial risks due to climate change, and the amorphous category of “ESG investing” has come under increasing political attack from conservative policymakers. duciaries must make investment decisions in accordance with ERISA’s fiduciary duties of loyalty and prudence.
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