It seems everything is political. I believe the purposes of Environmental, Social, and Governance (ESG) is political and I believe that the Department of Labor’s questioning of a fiduciary’s use of ESG funds on a fund lineup is political too.
That being said, it’s really important to review your investment policy statement as it pertains to ESG funds if you hold them to make sure that you comply with the DOL’s current thinking/guidance.
If you’re ever audited by the Department of Labor, it’s important to have your ducks in a row.
