By Courtney Degen
Source: Pensions & Investments

The Labor Department’s 2023 priorities include implementing SECURE 2.0 and its new ESG rule, while aiming to improve communication with plan participants and beneficiaries, Lisa M. Gomez, assistant secretary of labor for the Employee Benefits Security Administration, said Tuesday.

The department finalized a rule in November that allows retirement plan fiduciaries to consider climate change and other environmental, social and governance factors when selecting investments and exercising shareholder rights, also overturning two Trump-era rules issued in 2020.

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