Dear Fellow Supporters of Integrated Reporting,
In a June 23, 2020 news release the “U.S. DEPARTMENT OF LABOR PROPOSES NEW INVESTMENT DUTIES RULE.”
The proposal would make five core additions to the regulation. I am writing about this one:
“The proposal acknowledges that ESG factors can be pecuniary factors, but only if they present economic risks or opportunities that qualified investment professionals would treat as material economic considerations under generally accepted investment theories. The proposal adds new regulatory text on required investment analysis and documentation requirements in the rare circumstances when fiduciaries are choosing among truly economically “indistinguishable” investments.”
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Kind regards,
Bob