DOL’s Latest ESG Proposal: The More Things Change, the More They Stay the Same
Proskauer's Employee Benefits & Executive Compensa
NOVEMBER 22, 2021
one may not sacrifice investment returns or take additional risk in support of a collateral objective), and do not offer a “safe harbor” for adding an ESG-themed fund to a 401(k) or 403(b) plan lineup. Background. Clarifies that the Duty of Loyalty Does Not Prohibit Consideration of ESG Factors that Are Material to Investment Value.
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