Tag: ESG investments

Texas US state flag with statue of lady justice

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…

Hand putting wood cube in ESG icon concept for environmental, social, and governance

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 to sacrifice return or accept additional risk to promote a public policy, political, or…