Partner Elizabeth Goldberg spoke to CQ Roll Call about the US Department of Labor’s new rule allowing retirement plan fiduciaries to consider environmental, social, and governance (ESG) factors in investment decisions. Elizabeth said the rule is helpful for fiduciaries of employee benefit plans covered by the Employee Retirement Income Security Act.
"There's so much interest and discussion around ESG right now that, in providing this interpretation, it helps bring clarity to the retirement plan interest in ESG that's out there," Elizabeth said.
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