Birdwatch Note Rating
2023-03-16 23:27:35 UTC - NOT_HELPFUL
Rated by Participant: 6352DE7879463DCF8F30CA2441F91693094463B2791B390DE0D7324004EEB3F0
Participant Details
Original Note:
The rule allows but doesn't require fiduciaries to consider ESG. It is a reversal of a Trump era rule requiring only "pecuniary factors" https://www.federalregister.gov/documents/2022/12/01/2022-25783/prudence-and-loyalty-in-selecting-plan-investments-and-exercising-shareholder-rights Performance of ESG vs. non-ESG funds is an ongoing debate. Claims that one outperforms the other are subjective and depend on the metric. https://www.forbes.com/sites/jacobwolinsky/2021/09/24/how-do-esg-hedge-funds-stack-up-against-their-non-esg-counterparts/?sh=14565dc328b2
All Note Details