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4 Takeaways as DOL Mulls Climate Risk for Retirees, Law360

Friday, May 20, 2022

Partner Elizabeth Goldberg spoke with Law360 discussing key takeaways from the US Department of Labor's comment period, soliciting input on how the agency could protect workers' retirement savings from climate-related financial risks.

Elizabeth noted, “I think the sense is that it would be helpful for the department to provide guidance on the topic of ESG to bring some clarity to whether environmental, social, [and] governance factors can be material to ERISA fiduciary decision-making, but that focusing solely on climate change, and doing so in a way that would put more burdens, particularly, on plan sponsors, is not helpful.”

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