Labor Department Says ESG Investments Aren't Always `Prudent' - InvestmentNews -BoardProspects

Labor Department Says ESG Investments Aren't Always `Prudent'

InvestmentNews Apr 24 2018 BoardNews

The Labor Department's new guidance said that managers should only engage with companies about corporate governance , or environmental and human capital risks when it's likely that those issues will enhance the economic value of their investment. "This indicates the need for a well-developed ...
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Quotes
1. The way they distinguish between investment options in the guidance is overly simplistic.
2. It is difficult to understand the reasoning.
3. This indicates the need for a well-developed ESG research process centered on financial materiality.
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