The Trump administration has proposed a bill prohibiting pension funds from incorporating ESG criteria into their portfolios.
The Department of Labor's proposal instructs pension funds to choose investments ‘based solely on financial considerations’. Labor Secretary Eugene Scalia wrote in an op-ed in the Wall Street Journal that standards for ESG investing “are often unclear and sometimes contradictory” and often try to promote a social or political outcome.
Register or log in to continue reading. Investment Officer is an independent journalism platform for professionals working in the Luxembourg investment industry.
A subscription is free for professionals working at banks and independent asset managers.
