In the News

DOL Takes More Neutral Stance with ESG Rule, Pensions & Investments

December 12, 2022

Partner Julie Stapel was quoted in a Pensions & Investments article about a new rule from the US Department of Labor (DOL) allowing environmental, social, and governance (ESG) factors to be considered by retirement plan fiduciaries making investment decisions. The article notes that many see the final rule as neutral on ESG—in part because it does not list specific ESG factors for fiduciaries to consider.

"The DOL has never taken a position that any other particular investment factor consideration is required, so to say that there could be occasions when ESG is required would have been a deviation from how they've approached it," Julie said.

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