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In the final year of the Trump Administration, authorities finalized three rules which have the effect of limiting the opportunities for ESG (Environmental, Social and Governance) investing. These are (1) The SEC's Shareholder Proposal Rule, which erodes shareholder rights by increasing the barriers to submitting and voting on proposals. (2) A Department of Labor rule which limits the use of ESG investments in retirement plans. (3) A Department of Labor rule which restricts the ability for fiduciaries to vote on ESG issues.