Retirement stock plans can use ESG scrutiny, final rule from Labor Dept. says – MarketWatch
The Department of Labor finalized a rule Tuesday that explicitly permits retirement-plan fiduciaries to consider climate change and other environmental, social and governance (ESG) features when selecting investments or meeting shareholder demands. The rule, first proposed in October 2021, essentially reverses two rules advanced under the Trump administration. One of the Trump-era rules said retirement-plan … Read more