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Environmental Social & Governance (ESG) Retirement Funds

Mintz

New Hampshire Legislators Propose Laws to Criminalize Investing Based on ESG Criteria

Mintz on

Recently, a pair of bills were proposed in the New Hampshire state legislature that would make it a felony to knowingly invest state or taxpayer funds based upon ESG criteria in violation of fiduciary duty. Specifically, the...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Coalition pushes against ESG funds

19 states, led by Florida’s Republican Governor Ron DeSantis, signed an open letter declaring their opposition to the use of environmental, social, and governance factors (ESG) in government investing and outlined legislative...more

Cozen O'Connor

Republican Attorneys General Object to Proposed Changes to Retirement Funds Fiduciary Rules

Cozen O'Connor on

A group of 22 Republican AGs, led by Utah AG Sean Reyes, sent a comment letter to U.S. DOL opposing a proposed rule that removes barriers for retirement plan fiduciaries to consider environmental, social, and governance...more

Goodwin

Department Of Labor Finalizes Regulation Requiring Fiduciary Investment Decisions To Be Based Solely On Pecuniary Factors

Goodwin on

On October 30, 2020, the Department of Labor (“DOL”) released its final amended regulation on investment duties under Section 404(a)(1)(A) and (B) of ERISA. The final regulation substantially reworks the DOL’s original...more

Dechert LLP

ESG Snapshot: Overview of the EU Directive on the activities and supervision of institutions for occupational retirement provision...

Dechert LLP on

What is IORP II? Directive (EU) 2016/2341 on the activities and supervision of institutions for occupational retirement provision, widely referred to as IORP II, sets out minimum harmonization rules for financial...more

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