Views on improving the integrity of global capital markets
DOL
DOL Finalizes Rule on ESG Investing: Is “Nonpecuniary” a Synonym for “ESG”?
The final DOL rule is a substantive improvement over the widely opposed original proposal, but industry participants remain concerned about its chilling effect on ESG investing and factor integration, as well as about the integrity of the rulemaking process.
Déjà vu all over again: DOL issues guidance on ESG integration in the investment process
In a nutshell, the new rule says fiduciaries cannot sacrifice returns to achieve some other objective, such as societal considerations or other nonfinancial concerns.