Partner Julie Stapel spoke with Pensions & Investments about the US Department of Labor’s (DOL’s) recent proposal on environmental, social, and governance (ESG) investing, which would permit retirement plan fiduciaries to consider climate change and other ESG factors when selecting investments and exercising shareholder rights. Julie said this regulatory "ping-pong" may cause some fiduciaries concern: “I do think the possibility of a reversal in as little as three-and-a-half years could continue to give them pause.”