DOL’s stance on ESG in 401(k)s could be difficult to undo
Under a proposed rule the DOL published Tuesday, the agency seeks to make clear that plan fiduciaries cannot include investments that use ESG criteria.
Author: InvestmentNews
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DOL’S ESG proposal would hurt retirement accounts
The Department of Labor lost an opportunity to encourage investors to support causes that they hold close to their hearts with a proposed rule regarding the investment choices they’re allowed in their retirement accounts. It’s a proposal that also could end up damaging Americans’ retirement security long-term if allowed to become part of the Employee…
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DOL proposal could chill the use of ESG in retirement funds
A Department of Labor proposal that would reform investment selection rules for retirement accounts could chill the use of socially responsible investments in them, experts said Wednesday.
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Leading with ethics, in person and online
In reality, it only takes one bad apple to cause an ethical upheaval, and the results of bad actions are far from alluring. We, as financial advisers, have a responsibility to lead with ethics.
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The intersection of ESG and race
Racial injustice is more than just a hot topic, it is a critical consideration in ESG investing, says Jay Lipman of Ethic Investing.
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BlackRock rolls out six ESG ETFs
BlackRock Inc. is moving forward in fulfilling Larry Fink’s commitment to tackling the climate crisis with a slate of exchange-traded funds. Among the changes BlackRock’s chief outlined in his January letter was making sustainability integral to portfolio construction and risk management.
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Labor Department gathers information on how retirement plans use ESG funds
The Department of Labor is surveying some retirement plans to determine how they use environmental, social and governance factors in making investment decisions.
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3 Questions: Erika Karp on the importance of ‘social’ in ESG
Erika Karp of Cornerstone Capital joins InvestmentNews’ George Moriarty to discuss how essential social is to ESG success.
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Raymond James cuts manager after confrontation with protester goes viral
Raymond James Financial Inc., citing its “zero tolerance for racism,” fired a senior bond manager Monday after he and a woman were caught on video confronting a San Francisco man who was stenciling the Black Lives Matter slogan on the property where he lives. Raymond James would not comment on the identity of the bond…
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Her Voice Matters: Inspiring change with shareholder advocacy
Shareholder advocacy is blooming in the ESG sector, and investment advisers who take note can provide unexpected value to their sustainability-minded clients.
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ESG gaining ground in 529 programs
College savings programs have reworked their investment menus over the past several years, with 17 529 plans now including at least one fund that uses ESG criteria, according to a report by AKF Consulting Group.
