Tag: ESG
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,…
Allowing shareholder vote could lead to worse retirement outcomes. The Securities and Exchange Commission has decided to allow Amazon.com Inc.’s shareholders to vote on a proposal requiring the company to prepare a report assessing the extent to which the company’s current retirement plan investment options align with its corporate climate action goals. This proposal is being pushed by…
