DCIIA ESG Update: Financial Factors in Selecting Plan Investments
Wednesday, June 24, 2020
Posted by: Karen Witham
Yesterday the Department of Labor’s Employee Benefits Security Administration issued a proposed rule, “Financial Factors in Selecting Plan Investments,” and invited comments. The rule would specifically impact environmental, social, and governance (ESG) investments within DC plans.
We are convening a working group led by our ESG Subcommittee (which is part of our Investment Policy & Design Committee) to further discuss the proposed rule and implications for the DCIIA community, including DC plan sponsors and plan fiduciaries. This and other topics related to ESG will also be the focus of an August 12th breakout session during our virtual DCIIA/SPARK Summer Public Policy Series.
Please consider joining the ESG Subcommittee and registering for the Summer Series via the above links if you are interested in this topic. As a reminder, there is no limit on member participation in committees or attending the virtual event.
For your reference, DCIIA published Sustainable Investing in Defined Contribution Plans: A Guide for Plan Sponsors, in May 2019. The paper and relevant publications from a number of our member firms related to ESG can be found in the ESG topic of our online Resource Library, which is available to any interested parties.
In our 2019 paper, we discuss past Interpretive Bulletins issued by the Department of Labor as well as sustainable investing fundamentals, the ESG investment case, and sustainable investing implementation options.
You may also want to review our three ESG-focused webinars – replays and slide decks are available in our webinar archive:
- Incorporating ESG Into a DC Plan: Practical Guidance (June 2020)
- Global Plan Sponsor Perspectives on ESG Implementation (December 2019)
- Sustainable Investing in DC Plans (June 2019)
You’ll need to log in to the DCIIA website to access the webinar archive – if you need to reset your password visit our “Manage Your Member Experience” page.
If you have questions, please contact us on email@example.com.