Regulatory Outlook | 06.02.21
Legislation Would Require ESG Factors in Investment Decisions
Legislation that would require financial advisors to consider ESG factors when making investment decisions was reintroduced by House Democratic lawmakers on Thursday. The measure would amend the Investment Advisers Act to mandate that “large asset investment advisors” file a Sustainable Investment Policy with the SEC, describing the factors used in making investment decisions that must “align with an ESG framework.” Also reintroduced on Thursday was the Retirees Sustainable Investment Opportunities Act that amends the Employee Retirement Income Security Act to allow retirement plans to adopt a sustainable investment policy.
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