![]() ![]() Biden also used his first presidential veto to save the rule on investment choices related to ESG. Department of Labor has since changed that policy. That's another factor slowing their adoption on 401(k) menus, experts say.Ī Trump administration-era rule discouraged retirement plan sponsors from offering ESG funds, experts say. Companies are slow to offer ESG options in 401(k)sĮSG funds have also not been spared from the political fight over climate change. "In terms of accelerating climate change, a key impact of continuing to invest in high-carbon industries greenhouse gas emissions is signaling to markets and governments that it's okay to continue with business as usual," said Andrew Behar, CEO of As You Sow, a nonprofit promoting corporate environmental and social responsibility. Both are issues climate scientists blame for the warming planet. More from Personal Finance: Retirees' biggest fear is outliving their assets, research finds Social Security may be key issue for GOP presidential rivals This tool lets you play at fixing Social Security woesĪs a result, the money Americans have in their 401(k) plans is likely enabling fossil fuel extraction and deforestation, experts say. CNBC interviewed Dyer after he spoke on a panel at the GreenFin conference this week in Boston. ![]() "There has been significant growth in the availability of ESG funds over the past five years, but including them in 401(k) plans has been slower," said Georges Dyer, co-founder and executive director of the Crane Institute of Sustainability. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |