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Julie Gorte | Source | SVP, Sustainable Investing at Impax Asset Management
Julie Gorte
SVP, Sustainable Investing at Impax Asset Management
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Impax Asset Management
SVP, Sustainable Investing
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The Labor Department’s Latest Blow Against ESG Investing
Labor is considering a rule for proxy voting that may make it harder to practice environmental, social, and governance investing, analysts say.
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What the rule says is proxy voting is expensive and onerous…so that a fiduciary of an Erisa plan no longer needs to consider it mandatory to vote their proxies. It’s another way to let companies control the entire narrative.
