Republicans Introduce Anti-ESG Bill for Retirement Investing
The legislation would solidify the guidance offered during President Donald Trump’s first term that fiduciaries must only consider “pecuniary” factors.
Tag: ESG
Cassidy Offers Support for Trump ESG Rule
The Department of Labor announced in May that it would rescind a Biden-era rule in favor of the stance favored...
Judge Restricts ESG Influence in American Airlines Case
Although the airline was found in violation of its duty of loyalty, it was not required to pay monetary damages.
SEC Pulls Plug on 14 Biden-Era Proposals, Citing Strategic Shift
Rules spanning ESG, cybersecurity provisions and more have been rescinded.
DOL to Consider Rescinding Biden-Era ESG Rule
Although the rule survived several court challenges during the previous administration, it is in jeopardy once again.
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...
American Airlines Failed to Protect Workers’ 401(k)s in ESG Case, Federal Court Finds
A district court in Texas ruled in favor of a class action complaint alleging that the airline and its benefits...
ESG Goals Remain in S&P 500 Firms’ Executive Incentive Plans
77% of companies still included at least one ESG metric in 2024, WTW reports.
Republican AGs Allege Asset Managers Misled Investors in Coal Stock
11 states accused BlackRock of offering coal funds while undercutting the industry and both State Street and Vanguard of suppressing...
Another Trump Term May Change Tax Treatment of Retirement Plans
From ESG investing in 401(k) plans to the solvency of Social Security, industry experts say the outcome of the election...
District Court Strikes Down Missouri Anti-ESG Rules, Grants Statewide Injunction
A judge in the Western District of Missouri issued a final ruling in favor of a lawsuit filed by the...
Judge Denies American Airlines’ Bid for Summary Judgment in ESG Lawsuit
The trial is confirmed to begin Monday, June 24, in Texas federal court.
Judge Confirms Trial Date for American Airlines ESG Lawsuit
A Texas federal judge has scheduled a trial date, following the entry by attorneys for each side of pretrial materials,...
DOL Answers Appeal in ESG Rule Litigation
The ESG rule was upheld in a Texas district court, but was appealed to the 5th Circuit in October 2023.
State Street, BlackRock Subpoenaed by House, Asked to Produce ESG Communications
House Republicans identify Net Zero initiatives as potentially collusive and unlawful.
New DOL Proxy Voting Rules Take Effect Friday
The new rules will require managers to obtain consent for their investment policy.
Continuing Resolution Passes, Congress Continues Budget Debate
The resolution would give Congress an additional two months to finalize a budget.
Republican Budget Proposal Would Cut EBSA Budget, Roll Back ESG Rule
The budget, which President Joe Biden has pledged to veto, would also prevent the DOL from implementing the fiduciary adviser...
Navigating ESG: Surveying the Landscape
Knowledge about ESG, integration and greenwashing remains low, according to experts at a PLANSPONSOR event.
Navigating ESG: Forward Thinking
Sustainability-related disclosure regulations coming to Europe will be relevant for investors, panelists say.