Tag: proxy voting rule

Agency leaders say the principal idea of the new proposal is that climate change and other ESG factors can be financially material and, when they are, considering them will inevitably lead to better long-term risk-adjusted returns.

The department says it will not pursue enforcement actions against any plan fiduciary for failure to comply, and it plans to release further guidance on the issues.

The final regulation includes delayed compliance dates to January 31, 2022, for certain recordkeeping and proxy voting requirements.