Investors plead with US government over 'chilling' ESG rule

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By Max Adams
30 Jul 2020

The US Department of Labour is nearing the end of a comment period for a proposed rule that would hinder some investors’ ability to allocate money to environmental, social and governance (ESG) assets. Investors and advocacy groups have shown their alarm by pouring in requests for an extension to Thursday's deadline, writes Max Adams.

On June 30, the Department of Labour published a proposal in the Federal Register for a rule that would instruct any investor managing money on behalf of employee retirement accounts that fall under the Employee Retirement Income Security Act of 1974 (ERISA) — such as 401(k) or private ...

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