KBRA Releases ESG Research: DOL’s Proposed Rule Sets Limits to ESG Investing Under ERISA

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) has released a report on the Department of Labor’s (DOL) issuance of a notice of proposed rulemaking on the scope of fiduciary duties, with implications for integrating environmental, social, and governance (ESG) factors in investment activities.

The proposed rule, Financial Factors in Selecting Plan Investments, was developed by DOL’s Employee Benefits Security Administration (EBSA) and aims to clarify regulation around investment duties. However, multiple stakeholders have criticized the rule, commenting on the confusion and unnecessary burden it could create. KBRA has been monitoring DOL’s ruling to assess the policy’s potential ramifications and impact on ESG investments.

Click here to view the report.

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About KBRA and KBRA Europe
KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) with the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe is registered with ESMA as a CRA. Kroll Bond Rating Agency Europe is located at 6-8 College Green, Dublin 2, Ireland.