Wall Street Journal Quotes Ada Dolph on Proposed 401(k) Investment Rules Regarding ESG

The Wall Street Journal quoted Labor & Employment partner Ada Dolph in its August 31 article, “Trump Administration Rulemakers Diverge on 401(k) Investment Offerings.” The piece explores how a proposed US Department of Labor rule requiring 401(k) plan sponsors to focus solely on financial factors could affect ESG-related investment options and create potential litigation risks for retirement plans.

Dolph highlighted the potential impact of the proposal on climate-related investment offerings, noting:

“Anything involving climate change as an investment option could just become an automatic enforcement red flag and litigation red flag under the proposed rule."

The full article is available here.