Investors Get Serious about ESG Factors
An action plan for ESG integration across the U.S. financial services sector has been released in a report by the Principles for Responsible Investment. The report is made up of legal opinions on integrating ESG issues into investment decisions under the Employee Retirement Security Act (ERISAS). It follows the decision six months ago by the Department of Labor to clarify the role of fiduciaries when incorporating ESG issues in order to enhance long-term investment returns and make investments primarily for social purposes. That decision was called a “huge game-changer for responsible investment in the United States.” This kind of legal guidance, notes Forbes, is a “very good indication that ESG is becoming very serious indeed.” We agree.
John Howell, Editorial Director
Report Alert: Standard Chartered launches 2015 Annual Report.