GRI response: ESG and US-DoL investment duties regulation

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GRI response: ESG and US-DoL investment duties regulation
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Amsterdam, 29 June 2020 – Global Reporting Initiative (GRI) has responded to the US Department of Labor’s proposed changes to investment duties regulation, which indicate that environmental, social and governance (ESG) factors should not be considered by retirement plan fiduciaries.

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GRI's Reponse To US-DoL Investment Duties Regulation Changes

Tim Mohin, Chief Executive of GRI said:

“Integrating environmental, social and governance (ESG) factors in investor decision-making helps maximize long-term returns, reduces risk and aligns capital with sustainable business practices that benefit all stakeholders. In the US alone, there was a 38% growth in sustainable investing between 2016-2018. Market forces are calling for more not less disclosure on sustainability issues.

The GRI Standards are in wide use around the world and help companies disclose ESG information that support decisions that are in the best interest of investors and society. Therefore, the integration of ESG data into decision-making is core to fiduciaries’ duties of loyalty and prudence."


About GRI

The Global Reporting Initiative (GRI) is the independent international organization that helps businesses, governments and other organizations understand and communicate their impacts. The GRI Standards are the world’s most widely used for sustainability reporting.

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Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver
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