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Labor Department issues ESG rule proposal for 401(k)s
The proposal seeks to clarify that ESG factors can be financially material. It also specifies that such investments can be used as part of the default investment options in 401(k)s.
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The proposal seeks to clarify that ESG factors can be financially material. It also specifies that such investments can be used as part of the default investment options in 401(k)s.
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Steve Lydenberg, who co-founded KLD Research & Analytics, says ESG has fallen short in addressing systemic issues.