The US Department of Labor (DOL) recently announced that it is seeking comment on the impact of climate change on retirement security and what actions, if any, the agency should take to protect retirement savings from such risks.
The US Department of Labor (DOL) recently announced that it is
seeking comment on the impact of climate change on retirement
security and what actions, if any, the agency should take to
protect retirement savings from such risks.
The DOL put out this recent request for information (RFI),
"Request for Information on Possible Agency Actions
to Protect Life Savings and Pensions from Threats of
Climate-Related Financial Risk," on February 11. The
request follows, and is in addition to, the pending final version
of the Environmental, Social, and Governance (ESG) investing
regulation titled "Prudence and Loyalty in Selecting Plan
Investments and Exercising Shareholder Rights" (ESG Rule). The
proposed version of that rule was released in October 2021, and the comment period closed in
December 2021. So, while the DOL works on finalizing the ESG Rule,
it is simultaneously searching for additional information about
other ways that climate change may impact the retirement
We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.
