Labor Dep. Delivers ‘Boost for US Responsible Investing’


ai-cio.com| November 25, 2015

US institutions’ use of social and environment-oriented investment strategies could accelerate following guidance issued by the Department of Labor (DOL), according to consulting firm Callan Associates.

Last month the department published an “interpretive bulletin” acknowledging that environmental, social, and governance (ESG) factors “may have a direct relationship to the economic and financial value of an investment.”

“When they do, these factors are more than just tiebreakers, but rather are proper components of the fiduciary’s analysis of the economic and financial merits of competing investment choices,” the DOL stated.

A survey of US institutions by Callan showed a rise in the portion of investors incorporating ESG factors into their decision making, from 22% in 2013 to 29% this year.


Upcoming Events & Seminars

More Events »

Whipp Tips & News

Switch IPO the latest to limit investor voting rights

As many of 15 percent of U.S. IPOs in recent years have used dual share classes meant to give insiders outsized voting rights, according to the Council of Institutional Investors.

Details »

Wells Fargo executives, board must face lawsuit over fake accounts, federal judge says

http://www.reuters.com/article/us-wells-fargo-accounts-decision/wells-fargo-executives-board-must-face-lawsuit-over-fake-accounts-federal-judge-says-idUSKBN1CA1ZY

Details »

As Ford pushes into electric vehicles, U.S. union aims to save jobs

Ford’s presentation to investors this week under new chief executive Jim Hackett, included a slide touting a 30 percent reduction in “hours per unit” to build electric vehicles.

Details »

More News »


:www.leedejonesgable.com

The information in this website was obtained from sources believed to be reliable, however, we cannot guarantee that the information is accurate or complete. The information provided is a general source of information and should not be considered personal investment advice or solicitation to buy or sell securities.

Leede Jones Gable Inc. is a
Member of IIROC and the Canadian Investor Protection Fund
Stephen Whipp is a member of the Responsible Investment Association