A group of Democratic attorneys general is defending the use of environmental, social, and governance factors in retirement plans, countering Republican attacks on ESG in both Congress and the states.
The group of 18 attorneys general wrote to congressional leaders in a letter Thursday in defense of a 2022 US Department of Labor rule that allows investment managers to consider ESG factors during investment decision making.
Fund managers should be able to consider all factors when making investment decisions to ensure maximum returns for investors, the Democratic attorneys general said.
“ESG factors address everything from companies’ exposure to climate change-related ...
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