ESG compliance in managing state & municipal public pension assets

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ESG compliance in managing state & municipal public pension assets

Navigating the complexities of ESG legislation, regulations and investment policy statements

October 23, 2024

United States
United States
United States

In this Thomson Reuters article, Eversheds Sutherland Senior Counsel Ethan Corey discusses Environmental, Social, and Governance (ESG) compliance in the management of state and municipal public pension assets. Financial services providers must understand and adapt to evolving state laws, rules, regulations and investment policies regarding ESG considerations, including:

  • Diverse State Policies: ESG laws, rules and policies vary widely across states, with some incorporating ESG factors into investment decisions, while others exclude them entirely.
  • Legislative Challenges: The legislative process for ESG-related bills is complex and often results in varied outcomes, impacting whether and how state public pension plans can implement ESG strategies.
  • Nuanced Implementation: Even similarly worded ESG policies can have significant differences in their application for asset managers and proxy voting providers.

 

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Key contacts

ethancorey@eversheds-sutherland.com

Ethan D. Corey

Senior Counsel

Washington, DC, United States

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