US Department of Labor Proposes Rule to REMOVE Barriers to considering ENVIRONMENTAL, SOCIAL, GOVERNANCE Factors in Plan management
米労働省が、ERISA法を改正する案を10月13日発表しています。
Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights という改正案です。（クリックするとpdfで3段、33ページ）
Summary として、
The Department of Labor (Department) in this document proposes amendments to the Investment Duties regulation under Title I of the Employee Retirement Income Security Act of 1974, as amended (ERISA), to clarify the application of ERISA's fiduciary duties of prudence and loyalty to selecting investments and investment courses of action, including selecting qualified default investment alternatives, exercising shareholder rights, such as proxy voting, and the use of written proxy voting policies and guidelines.
A Background and Purpose of Regulatory Action では、今までの経緯など書かれています。
本題はBのProvisions of the Proposed Ruleで、
The Department proposes additional language in paragraph (b)(2)(ii)(C) specifying that consideration of the projected return of the portfolio relative to the funding objectives of the plan may often require an evaluation of the economic effects of climate change and other ESG factors on the particular investment or investment course of action. Similar to paragraph (b)(4) of the proposal, this provision is intended to counteract negative perception of the use of climate change and other ESG factors in investment decisions caused by the 2020 Rules, and to clarify that a fiduciary's duty of prudence may often require an evaluation of the effect of climate change and/or government policy changes to address climate change on investments' risks and returns.
など変わっているみたいです。33ページを読んでいく事は無理です。
以下はFTの記事
Biden paves way for ESG retirement funds in reversal from Trump | Financial Times (ft.com)
こちらにも記事があったので添付
U.S. DOL Proposes ESG-Related Updates to the ERISA Investment Duties Regulation
