By Brian Croce
Source: Pensions & Investments

A group of House Democrats reintroduced two bills that would require retirement plan fiduciaries and investment advisers to take into account and explain how they consider environmental, social and governance factors when making investment decisions.

The Sustainable Investment Policies Act, which would amend the Investment Advisers Act, and the Retirees Sustainable Investment Policies Act, which would amend the Employee Retirement Income Security Act, stipulate that investment advisers and retirement plan fiduciaries must establish a sustainable investing policy that factors in considerations like corporate governance practices, diversity and inclusion practices, labor and human rights compliance, and environmental risks.

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