The Department of Labor has issued new guidance making it easier for plan sponsors to offer ESG, or environmental, social, and governance investing strategies to plan participants.
Also called ETI, or economically targeted investment, the Department of Labor generally defines the investments as strategies that are selected for the economic benefits they create in addition to the investment return to the employee benefit plan investor.
This is according to interpretive bulletin 2015-01, released yesterday by the agency.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
