In Missouri and Kentucky, lawsuits challenge state efforts barring companies from basing investment decisions on ESG concerns.
In The National Law Journal, Joshua Lichtenstein, a partner in the employment, executive compensation and employee benefits group and head of the firm’s ERISA fiduciary practice, said suggestions from either side of the political spectrum that investing in ESG has benefits or costs is hard to pinpoint.
“It depends on market cycles and how you define the universe of ESG investment,” Joshua said of the young ESG market. “But, these state investment laws, like ERISA, have historically not tried to set an investment philosophy; instead they charge fiduciaries to be careful.”
Attorneys
Stay Up To Date with Ropes & Gray
Ropes & Gray attorneys provide timely analysis on legal developments, court decisions and changes in legislation and regulations.
Stay in the loop with all things Ropes & Gray, and find out more about our people, culture, initiatives and everything that’s happening.
We regularly notify our clients and contacts of significant legal developments, news, webinars and teleconferences that affect their industries.