Birdwatch Note Rating
2023-03-17 04:04:59 UTC - NOT_HELPFUL
Rated by Participant: E57C3AA7D1F193219D6BFD2DBD441BE013DA65CE11C44C4A3C68C0C75D1896D2
Participant Details
Original Note:
The rule reverses a rule the Trump admin put in place in 2020 restricting how ERISA governed funds operate. The new rule allows fiduciaries to consider ESG in their investment decisions. https://www.federalregister.gov/documents/2022/12/01/2022-25783/prudence-and-loyalty-in-selecting-plan-investments-and-exercising-shareholder-rights ESG is not a "new" concept. It has been around in different forms since the 60's. https://www.msci.com/esg-101-what-is-esg/evolution-of-esg-investing#:~:text=The%20practice%20of%20ESG%20investing,the%20South%20African%20apartheid%20regime.
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