Gov't Retirement Plans Should Approach ESG Cautiously

Law360 (September 9, 2020, 5:18 PM EDT) -- Although investment funds employing environmental, social and governance, or ESG, strategies are gaining in popularity, the U.S. Department of Labor has long been hostile to them.

Since 1994, the DOL has emphasized that fiduciaries of Employee Retirement Income Security Act plans are prohibited from making investment decisions on the basis of any factor other than the economic interest of their plan. As a result, fiduciaries are not permitted to sacrifice investment returns or take on additional risk as a means of using plan investments to promote societal policy goals.

In June 2020, the department doubled down on its enmity to ESG...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!