US President Joe Biden has vetoed a bill that would prevent pension fund managers from considering climate change and ESG factors in their investment decisions.
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House passes resolution to repeal DOL ESG rule March 2, 2023 House lawmakers have approved a resolution to overturn the Department of Labor’s (DOL’s) new ESG rule for retirement plans, after 25 Republican states filed a suit to invalidate the rule. On February 28, the US House of Representatives rejected the DOL’s Prudence and Loyalty […]
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The US Department of Labor (DoL) has proposed changes to a controversial rule brought in last year that would have restricted pension funds’ ability to implement ESG strategies.
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DoL questions purpose of shareholder voting The US Department of Labor (DoL) has thrown a new curveball into its approach to governing shareholder rights, questioning the need for asset owners to have their voices heard by companies at all. Following its recent proposals around how asset managers obtain and validate information on the companies they […]
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US investor group urges DOL to rethink ESG law The US Impact Investing Alliance has urged the Department of Labor to reconsider the introduction of a controversial law governing ESG in investment portfolios, asking them to suspend the rulemaking process until normality returns. The group has written an open letter to the DOL, objecting to a proposed rule that would see severe restrictions imposed for US […]
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