closeup of entry to DOL Building in D.C.con U.S. Department of Labor in Washington, D.C. (Photo: Diego M. Radzinschi/ALM)

If the private sector has discovered a good idea it’s likely the public sector is not far behind in following suit. Last October, the US Department of Labor announced a proposed rule called the Prudence and Loyalty in Selecting Plan Investments and Existing Shareholder Rights.

Essentially it addresses the inclusion of environmental, social and governance (ESG) criteria and proxy voting considerations for ERISA-governed retirement plans. ESG has already been a consideration of many investment firms and pension plans but the trend is moving its way through government towards a more institutionalized consideration.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.