Organizations Involved: Sabin Center
Source: Climate Law Blog
Abstract
This blog discusses the Department of Labor’s final rule that was issued on Tuesday, November 22, that allows for plan fiduciaries to consider climate change and other environmental, social, and governance (ESG) characteristics when they choose investments and exercise shareholder rights, reversing a Trump-era rule that sought to constrain this type of risk analysis. ESG analysis can now be understood as squarely within the fiduciary obligations of a plan.
