Michael Ellis
July 22, 2020

Letter to DOL urging withdrawal or modification of RIN 1210-AB95

In July 2020 Inherent Group CEO/CIO Tony Davis wrote to Assistant Secretary Wilson regarding the proposed Department of Labor Employee Benefits Security Administration’s rule, Financial Factors in Selecting Plan Investments, Regulatory Identifier Number (RIN) number 1210-AB95.  He expressed concern that the proposed rule would dissuade fiduciaries from assessing ESG risks and opportunities in their investments. He urged the Department to withdraw or substantially modify the proposed rule.  The full letter is attached here: Inherent Group letter to DOL – 20200722