ERISA attorneys at Drinker Biddle have laid out what the fiduciary process for selecting environmental, social, and governance factors should look like.
The Department of Labor issued guidance aimed at making it easier for plan sponsors to offer ESG investments within retirement plans, but that doesn't mean the process is a walk in the park.
Although interest among plan participants is growing, the process of incorporating ESG factors while still remaining ERISA compliant can be a challenge—since original DOL guidance said that ESG couldn't be done at the expense of participants' best interests without constituting a breach of fiduciary duty.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
