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ESG Retirement Investing Proposal Amasses Thousands of Comments

Dec. 15, 2021, 5:49 PM

A proposal that would ease restrictions on environmental and socially conscious retirement investing has drawn a whopping 29,000 public comments.

The U.S. Labor Department proposal (RIN 1210-AC03) would reverse course on a pair of Trump-era regulations the DOL says chilled fiduciary interest in environmental, social, and corporate governance considerations.

ESG integration already is a popular investment method in the retail market, accounting for more than a third of professionally managed assets, according to The Forum for Sustainable and Responsible Investment. But pension investors have remained leery, partly due to a conflicting set of DOL standards that have ...