ASBC and Social Venture Circle (SVC) sent a call-to-action to our membersto oppose the latest DOL proposed ESG Restrictions on ERISA-regulated retirement plans and stand in support of a free and fair competitive marketplace.
ASBC and SVC need your help to let the U.S. Department of Labor know the proposed restriction of factoring ESG considerations in ERISA-regulated retirement plans is not acceptable. Fiduciaries should have the right to consider all material risk factors and should have access to fair and free competitive investment opportunities, including those that meet ESG criteria.
This proposed rule has a comment period ending tomorrow, July 30th, and we are encouraging our businesses and investors to sign this letter and add your own comments which will be emailed directly to the US Department of Labor.