401(k) plans run by money management firms that incorporate environmental, social, and governance (ESG) factors in their investment decisions are under attack. The case, likely to be appealed, is ...

The EU Action Plan transforms the way that investment firms, wealth and asset managers, banks, insurers, pension funds, and investors consider ESG issues. With three decades of ESG expertise ...

The plaintiff argued that American Airlines violated its fiduciary duties by mismanaging the retirement plan when they utilized investment managers pursuing non-financial and nonpecuniary ESG ...

In other words, investing a 401(k) retirement plan to reflect ESG interests--rather than strictly financial ones--constitutes a breach of the fiduciary duty of loyalty. (Notably, despite this ...

Long before a Texas judge ruled that American Airlines' 401(k) plans' ESG practices violated federal law, research showed that sustainable investing was losing momentum among DC plan consultants ...

plan. Spence alleged that the inclusion of ESG-focused funds led to underperformance compared to non-ESG options, thereby harming employees’ retirement savings. As detailed in coverage by ...

Plan should stick to financial factors, judge says Ruling is among first of its kind ESG investing facing backlash from conservatives Jan 10 (Reuters) - A federal judge in Texas on Friday said ...