DOL Eases Restrictions on Use of ESG Factors in Retirement Plan Investment Decisions

The U.S. Department of Labor (“DOL”) has issued a final rule (the “Final Rule) addressing how ERISA fiduciaries may consider environmental, social and governmental (ESG) factors in making investment decisions for retirement plans. The Final Rule is intended to alleviate what the DOL calls the “chilling effect” of certain prior rules on the ability and willingness of retirement plan fiduciaries to consider climate change and other ESG factors in discharging their duties under ERISA, and may...
By: Foley Hoag LLP

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