ESG Requirements for Pensions

What’s happening? Sustainable Investment Policies Act and the Retirees Sustainable Investment Opportunities Act

Why is this important? Together the bills would ” give workers a bigger say in where they invest their retirement savings by requiring large asset managers and plan investors and fiduciaries to take into account and explain to beneficiaries how they consider environmental, social and corporate governance (ESG) factors when making investment decisions”

How will this be important? The ESG pushing pension plans is happening from the pensions themselves (see California), by investors (see Blackrock) and now a push to include it in ERISA.

Ballotopedia | Economy and Society: Proposed legislation would further integrate ESG into retirement plans