Stradley Ronon Counsel George Michael Gerstein was quoted in the
Fund Action article, "Coming to a DC plan near you: ESG funds," which discussed environmental, social and governance investing.
"Despite this, a lack of standardized disclosures on ESG issues, such as climate change and how companies are addressing this risk, is a cause for concern," Gerstein said. "From a fiduciary risk standpoint, until there is accepted disclosures and people are using the same terminology to describe different aspects of climate change, fiduciaries are nervous about going down this path."