Tag: environmental social and governance
![Hand putting wood cube in ESG icon concept for environmental, social, and governance](https://crr.bc.edu/wp-content/uploads/2020/11/Hand-putting-wood-cube-in-ESG-icon-concept-for-environmental-social-and-governance-1536x1022.jpeg)
At worst, it sacrifices return for social goals; at best it’s expensive active management. The financial services industry seems exercised about the Department of Labor’s proposed rule limiting ESG investing for private pension plans covered by the Employee Retirement Income Security Act of 1974 (ERISA). The DOL states: “It is unlawful for a fiduciary…