US government’s] GAO Urges Removal Of Roadblocks To ESG Investing In Retirement Plans.
"ESG (Environmental, Social and Governance) investing roadblocks in retirement plans should be removed, the Government Accountability Office (GAO), the investigative arm of Congress, urged in a report today. ’Asset managers and state and municipal plans using ESG strategies report enhanced risk management and other benefits,’ the report said."
[COMMENTARY]Good to see other arms of the US government are proposing that the recent US Department of Labor’s guidance on ESG use in pension funds is not only potentially harmful but even likely injurious to long-term fund returns.
[US government’s] GAO Urges Removal Of Roadblocks To ESG Investing In Retirement Plans, by Ted Knutson, May 22, 2018, Forbes, USA.