HEARTLAND RESOURCES & REPORTS

RESPONSIBLE INVESTING

Is the integration of Environmental, Social & Governance (ESG) criteria into mainstream investment decision-making. Often used as an umbrella term, responsible investment encompasses a range of approaches and investment options, from exclusionary screens to targeted investments to active ownership strategies.

Heartland has compiled a RESOURCE CENTER to include aggregated lists of responsible investment friendly organizations, global best investment practices, and a glossary of relevant terms.

HEARTLAND RESPONSIBLE INVESTING BLOG

July 2, 2020

The Department of Labor’s proposed regulation clarifying investment duties of ERISA plan fiduciaries in relation to environmental, social and governance (ESG) investing is already drawing fire from Sen. Patty Murray (D-WA).

Murray, ranking member of the Senate Health, Education, Labor and Pensions (HELP) Committee which has primary jurisdiction over ERISA-related issues, argues that the proposed rule would discourage financial...

Expresso Editor’s Note:  The US Department of Labor's (DOL) proposed rulemaking "Financial Factors in Selecting Plan Investments" was published in today's Federal Register.  Accordingly, the comment period is scheduled to end on July 30, 2020. Comments may be submitted electronically at https://www.regulations.gov/document?D=EBSA_FRDOC_0001-0210 .  The Heartland Network will be working to generate letters to the...

A new proposal by the Labor Department will require retirement-plan fiduciaries to choose investments “based solely on financial considerations” and is aimed to slow the interest in environmental, social, and governance (ESG) investing, analysts say. There is $10.7 trillion in private pension plans.

The DOL administers and enforces Erisa, the federal law governing private retirement and health plans. The proposal will have a 30...

June 29, 2020

On June 23, 2020, the Department of Labor (“DOL”) issued a proposed regulation (the “Proposed Rule”) defining plan fiduciaries’ duties under the Employee Retirement Income Security Act of 1974 (“ERISA”) when considering economically targeted investments or those that incorporate environmental, social, and governance (“ESG”) factors.  The Proposed Rule embodies some of the prior guidance and adds new recordkeeping requirements...

June 29, 2020

The DOL proposal is out of step with professional investment managers, who increasingly analyze ESG factors precisely because of risk, return and fiduciary considerations. 

WASHINGTON, D.C., June 24, 2020 – Yesterday, the US Department of Labor (DOL) released a proposed rulemaking to revise the fiduciary standard for ERISA-governed retirement plans. The proposal attempts to clarify when retirement plan fiduciaries may consider...

PITTSBURGH, June 25, 2020 /PRNewswire/ -- The United Steelworkers (USW) union, along with other members and leaders of the labor-environmental partnership BlueGreen Alliance (BGA), today launched the group's ambitious agenda to rebuild American manufacturing while fighting the effects of climate change.

The BGA, founded in 2006 by the USW and the Sierra Club, now includes more than a dozen unions and environmental organiza...

The crush of layoffs and business closures caused by the COVID-19 pandemic has wreaked havoc for workers who were already facing a structurally vulnerable workforce and employment system. The combined magnitude of the current public health, economic, and political crises provides an opportunity for bold and robust interventions that will make the United States a more resilient country moving forward. Any massive job creation p...

Millions of people in the UK have been furloughed during the COVID pandemic, but the government has been paying up to 80% of many workers’ salaries. As Tim Strangleman writes in Working-Class Perspectives this week, the pandemic shutdowns and the furlough scheme encourage us to take seriously the idea of a Universal Basic Income (UBI). Over the next decades, economic, technological, and social changes are likely to leave many...

Working families face a unique set of crises today. It has been an exhausting, anxious, and, for some, heartbreaking few months.  Shockingly, forty-five million workers lost their jobs and the UI rate shot to the mid-teens—the worst since the Great Depression. The COVID-19 crisis has devastated many economic sectors and entire communities. The protests around the tragic killing of George Floyd and other Black Americans have ex...

Is it controversial that I’m tired of Ahmaud Arbery, Christian Cooper, Breonna Taylor and George Floyd? That’s not quite right. It’s more accurate to say that I’m just tired, full stop. It’s hard to watch the videos. I know how they’ll end before I press play. Being a minority is not easy for anyone, but being black has always meant cleaning up behind those at the back of the queue. Growing up, I knew many people saw me as inf...

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Raquel Palmer is a Managing Partner of KPS Capital Partners, LP, Chairperson of its Investment Committee and member of its Management Committee.  KPS Capital Partners, LP is the manager of KPS Special Situations Funds, a family of private equity funds with approximately $5.4 billion of assets under management focused on making controlling equity investments in manufacturing and industrial companies across a diverse array of industries, including basic materials, branded consumer, healthcare and luxury products, automotive parts, capital equipment and general manufacturing. [READ MORE]

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