Bloomberg Law
April 12, 2019, 10:17 AM

Trump Green Retirement Probe’s Targets Are Few, Murky

Warren Rojas
Warren Rojas
Senior Reporter

President Donald Trump’s probe into whether socially conscious investing is harming retirees could be its own waste of energy, financial industry participants said.

Recent reports suggest there may not be much to crack down on. Even if there is, investors that take into account environmental, social, and corporate governance (ESG) in their decisions can adapt to new government guidelines.

Trump’s April 10 executive order calling for a review of retirement plans to see if there are patterns of investment in the energy sector follows through on the warning about “shareholder engagement activities” that the Labor Department’s Employee Benefits Security Administration ...

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