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Showing 1 - 10 of 14 results for "Department of Labor"

Bill to curb US pension plans' ESG considerations passes

JAMIE WILLIAMSON  |  FRIDAY, 16 JAN 2026  |  NEWS
... saving for a brighter future." In December, US President Donald Trump issued an executive order directing the Department of Labor to "strengthen ERISA fiduciary rules and increase fiduciaries' transparency regarding their use of proxy advisors" to ...

SEC criticises proxy adviser 'oligopoly,' urges AI use

KARREN VERGARA  |  MONDAY, 12 JAN 2026  |  NEWS
... director of the SEC's division of investment management, said the sector has thrived since 1988, when the Department of Labor released its "Avon Letter." In it, the department asserted that "the fiduciary act of managing plan assets that are shares ...

S&P Global drops ESG letter ratings from credit reports

RACHEL ALEMBAKIS  |  THURSDAY, 10 AUG 2023  |  NEWS
... Republican state elected officials. Twenty-five American Republican state attorneys general are suing the US Department of Labor to halt new rules that would allow US-based retirement plans to consider ESG factors in their investment processes. Last ...

Testing ESG impacts on US pension fund returns

RACHEL ALEMBAKIS  |  THURSDAY, 9 FEB 2023  |  NEWS
... state's fund management practices. Twenty-five American Republican state attorneys general are suing the US Department of Labor to halt new rules that would allow US-based retirement plans to consider ESG factors in their investment processes. Texas ...

US attorneys general call out proxy advisers for "woke" agenda

RACHEL ALEMBAKIS  |  WEDNESDAY, 1 FEB 2023  |  NEWS
... campaign. Earlier in the week, Paxton and Reyes and 23 other state attorneys general filed suit against the US Department of Labor to halt new rules that would allow US-based retirement plans to consider ESG factors in their investment processes. An ...

US states sue Biden administration over "woke" ESG rules

RACHEL ALEMBAKIS  |  TUESDAY, 31 JAN 2023  |  NEWS
Twenty-five American Republican state attorneys general are suing the US Department of Labor to halt new rules that would allow US-based retirement plans to consider ESG factors in their investment processes. Texas Attorney General Ken Paxton and Utah ...

US Dept of Labor green-lights ESG integration

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  WEDNESDAY, 23 NOV 2022  |  NEWS
... climate change and other ESG factors in their investment processes, according to a rule change by the U.S. Department of Labor (DOL). The announcement comes as the Securities and Exchange Commission fines Goldman Sachs Asset Management over ESG research ...

APAC investors taking decarbonisation action: SSGA

RACHEL ALEMBAKIS  |  THURSDAY, 11 NOV 2021  |  NEWS
... do with the regulatory requirements and how things are taking a very positive turn the US as well with the Department of Labor and the SEC." Using the tools of stewardship can also deliver the aims of not only portfolio decarbonisation but wider aims ...

APAC investors ahead of North America on climate action: PGIM

RACHEL ALEMBAKIS  |  THURSDAY, 6 MAY 2021  |  NEWS
... fact that regulatory regimes are quite different." Klausner pointed to the chilling effect of the Trump-era Department of Labor issuing a memo to ERISA-regulated pension funds - predominately corporate pension funds - warning them that considering ESG ...

Government to launch inquiry into financial sector and climate risk

RACHEL ALEMBAKIS  |  FRIDAY, 18 DEC 2020  |  NEWS
... interventions in financial services moves on climate risk are a feature of other countries. Earlier this year, the US Department of Labor, which regulates corporate pension funds - known as ERISA funds -proposed a controversial rule to compel pension ...
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