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The legal clash over ESG in retirement plans

Congressional Republicans continue legal challenges on 2022 ESG Rule.

Joshua A. Lichtenstein, Michael R. Littenberg; Ropes & Gray

US Congress Capitol Building Washington DC
Photo: Getty Images
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It has been almost five months since the US Department of Labor (DOL) adopted a rule clarifying that environmental, social and governance (ESG) factors may be considered just like any other relevant factor as part of the risk-return analysis in choosing investments for retirement plans like 401(k) plans (the so-called

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