New legislation with Democratic backing in the House and Senate would expressly permit sustainable and socially conscious investing in American retirement plans, reversing a Trump-era rule broadly seen as a rebuke on environmental, social, and corporate governance investments.
U.S. Sens.
The bill would give the environment, social, and governance factors, or ESG, an even footing in the retirement investment marketplace and permit them under default funds in which workers’ money is automatically invested.
The U.S. Labor Department’s ...