GRI response: ESG and US-DoL investment duties regulation

Amsterdam, 29 June 2020 – Global Reporting Initiative (GRI) has responded to the US Department of Labor’s proposed changes to investment duties regulation, which indicate that environmental, social and governance (ESG) factors should not be considered by retirement plan fiduciaries.

if (typeof jQuery == ‘undefined’) { document.write(”); }

.first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; }

Get Our Activist Investing Case Study!

Get the entire 10-part series on our in-depth study on activist investing in PDF. Save it to your desktop, read it on your tablet, or print it out to read anywhere! Sign up below!

Q1 2020 hedge fund letters, conferences and more

GRI has joined the US Forum for Sustainable and Responsible Investment in raising concerns that this move is not in the interests of investors or other stakeholders.

GRI’s Reponse To US-DoL Investment Duties Regulation Changes

Tim Mohin, Chief Executive of GRI said:

“Integrating environmental, social and governance (ESG) factors in investor decision-making helps maximize long-term returns, reduces risk and aligns capital with sustainable business practices that benefit all stakeholders. In the US alone, there was a 38% growth in sustainable investing between 2016-2018. Market forces are calling for more not less disclosure on sustainability issues.

The GRI Standards are in wide use around the world and help companies disclose ESG information that support decisions that are in the best interest of investors and society. Therefore, the integration of ESG data into decision-making is core to fiduciaries’ duties of loyalty and prudence.”

About GRI

The Global Reporting Initiative (GRI) is the independent international organization that helps businesses, governments and other organizations understand and communicate their impacts. The GRI Standards are the world’s most widely used for sustainability reporting.

.fb_iframe_widget_fluid_desktop iframe { width: 100% !important; }

The post GRI response: ESG and US-DoL investment duties regulation appeared first on ValueWalk.

Original Article Posted at : https://www.valuewalk.com/2020/06/gri-esg-dol-investment-duties-regulation/