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Comments to Dept of Labor on ESG Investing by Retirement Plans

We submitted joint comments with partners from the Environmental Defense Fund and the Initiative on Climate Risk and Resilience Law supporting the Department of Labor’s (DOL) revision of Trump-era restrictions on ESG investing by retirement plans. Our comments provide support for revision or rescission of the harmful provisions of the 2020 Rules and finalization of the Proposed Rule; catalog evidence that climate-related financial risk is an important aspect of investment decisionmaking; and suggest potential improvements to the Proposed Rule.