ESG legality in investments
U.S. Judge Declares ESG Investments in 401(k) Plans by American Airlines Illegal
In a landmark ruling, a U.S. federal judge declared that American Airlines breached its fiduciary duties by prioritizing ESG (Environmental, Social, and Governance) factors in its 401(k) retirement plans. This decision has sparked debates on the legal and financial implications of ESG investments in employer-sponsored retirement schemes. For employees and employers alike, this judgment highlights…
