More than 140 million American workers participate in 401(k) or other ERISA plans, yet less than 3% of employee retirement savings plans include climate-friendly investing options. A new proposed rule from the U.S. Department of Labor would open the way for companies and other retirement plan sponsors to include more sustainable options in their saving plans by enabling fiduciaries to consider climate and other ESG factors when selecting investments and exercising shareholder rights while continuing to uphold fundamental fiduciary obligations. Submit comments to DOL by December 13, 2021 to voice your support for the proposed rule. In this session, participants will:
Gain a deeper understanding of the impact of the proposed rules on ESG investment opportunities
Receive guidance on submitting public comments to Department of Labor by December 13
Explore why we need to create a strong public record in support
Speakers
Ali Khawar, Acting Assistant Secretary, U.S. Department of Labor
Eric Pitt, Climate Finance Consultant, Ceres Accelerator for Sustainable Capital Markets
Lisa Woll, CEO, US SIF
John Hoeppner, Head of US Stewardship and Sustainable Investing, LGIM America
Tiffany Reeves, Employee Benefits and Institutional Investor Services, Shareholder, Reinhart Boerner Van Veuren
Allison Wielobob, General Counsel, American Retirement Association Hosted by Ceres, Environmental Defense Fund, and US SIF - The Forum for Sustainable and Responsible Investment