Consumers’ Research, a non-profit organization focused on consumer education and advocacy, has launched a mobile billboard campaign opposing the adoption of environmental, social, and governance (ESG) frameworks in retirement investment funds.
The mobile billboard campaign will run through Washington D.C., as President Joe Biden is set to preserve rules allowing retirement managers to consider ESG scores when selecting retirement investments.
Rules brought forward under President Donald Trump’s administration had limited retirement plan fiduciaries from using ESG factors in their investment decisions. In November, the Department of Labor under Biden repealed the Trump-era rules, saying they “unnecessarily restrained” retirement plan managers….