House Committee Approves Bill Regulating Proxy Advisers, ESG Disclosures
The Republican-sponsored bill would also impose new voting and reporting duties on asset managers and pension fiduciaries.
Tag: ESG
ESG Critic Appointed Head of DOL Policy
Justin Danhof publicized his appointment via a LinkedIn post, but his new position has not been confirmed by the Department...
DOL Guidance Calls Proxy Advisers ‘Functional Fiduciaries’
The proxy advisory industry is under intensifying scrutiny from President Donald Trump’s administration.
Cushman & Wakefield Sued for Not Protecting Workers’ 401(k) From Climate Risk
The real estate giant allegedly ignored climate-related financial threats and kept an underperforming fund in its retirement plan.
Vanguard Reaches $29M Settlement in Proxy Voting Case
BlackRock Inc. and State Street Corp., which were also named in the complaint, have not settled.
NYC Pension Groups Claim AT&T Violated Securities Law
The telecommunications company excluded a shareholder proposal that would require it to publicly disclose detailed workforce demographic data.
Bill to Restrict ESG Investment in 401(k) Accounts Passes House
The House of Representative’s bill aims to make it harder for fiduciaries to consider environmental, social and governance factors when...
White House Executive Order Accuses Major Proxy Advisers of ‘Political Agendas’
President Donald Trump specifically criticized Institutional Shareholder Services and Glass Lewis and directed the SEC and DOL to potentially revise...
GOP Takes Aim Anew at ESG in Retirement Investing
Senator Bill Cassidy’s reintroduced bill that would solidify guidance offered during President Donald Trump’s first term that fiduciaries must only...
Judge Faults American Airlines for ESG ‘Influence’ on 401(k) Plan
The airline was not required to pay monetary damages, as the judge said plaintiffs failed to establish monetary losses.
DOL Agenda Commits to Replacing ESG, Fiduciary Rules
The U.S. Department of Labor released 150 regulatory proposals, including reversals of Biden-era Environmental, Social and Governance rules and the...
DOL Announces Intentions to Craft New ESG Retirement Investing Rule
In April the department stated it was considering rescinding the 2022 ESG rule and asked the 5th Circuit to pause...
DOL Reconsidering Biden-Era ESG Considerations Rule
Although the rule survived several court challenges during the Biden administration, it is in jeopardy once again.
CFA Institute Renames Certificate in ESG Investing
According to the CFA Institute, the curriculum underpinning the certificate will continue to cover ‘the wide variety of factors within...
District Court Again Backs Biden-Era ESG Rule, but Its Future Remains Unclear
A federal judge in Texas ruled that the 2022 ESG rule does not violate ERISA, reaffirming his initial decision made...
Court Rules American Airlines Breached Fiduciary Duty in ESG Case
A federal district court in Texas found that American Airlines prioritized ESG investment goals ahead of employees’ financial interests, violating...
ESG Goals Still Prevalent in Executive Incentive Plans, WTW Reports
Among S&P 500 firms, 77% still included at least one ESG metric in 2024.
11 Republican AGs Sue BlackRock, State Street, Vanguard in ESG Case
The 11 states, led by Texas, allege the asset managers have been undercutting coal companies and driving up electricity prices.
Lisa Gomez Expects Fiduciary and ESG Rules to Face Reversals Under New Administration
The assistant secretary of labor said she was on a ‘farewell tour’ while speaking at the PLANADVISER 360 conference.
How Plan Advisers Are Reacting to Trump Election Win
Retirement plan advisers weigh in on post-election market impacts, retirement strategies and the overall economic outlook.