Executive Council Statement
Pension Plans Need the Freedom to Consider Environmental, Social and Governance Risks and Responsible Workforce Management Principles
… investments. Pension plans represent the deferred wages of working people and must be invested with prudence and loyalty to provide retirement benefits. The proper stewardship of retirement savings requires the freedom to consider all relevant investment considerations, including ESG risks. Laws and regulations that restrict the ability of … silence workers’ voices in the governance of corporations by rolling back shareholder rights. Stock ownership includes the right to vote on important issues such as the election of directors, executive compensation and shareholder proposals. …