Tag: ESG investing
Surprise decision acknowledges that Biden and Trump rules are virtually identical. In a surprise ruling, a very conservative federal district court in Texas, known for striking down Biden Administration policies, actually upheld a Biden Administration rule governing environmental, social, and governance (ESG) investing in ERISA retirement plans. Consistent with an amicus brief filed by t…
ESG factors can be considered only to garner the highest risk-adjusted returns. In Wisconsin and Texas district courts, plaintiffs are suing government officials to block the Department of Labor’s new rule on ERISA investment duties with regard to environmental, social, and governance (ESG) factors. They contend that the so-called “Biden Rule” violates the law and,…
