Stradley Ronon Counsel George Michael Gerstein was quoted in 401kSpecialist Magazine’s article, “ESG Considerations for ERISA Fiduciaries: Fi360 Annual Conference” discussing his presentation at the Fi360 Conference in San Diego on April 26.
“If you wanted to consider something other than risk and return when considering an investment, you had to compare it with an alternative investment that took risk and return into account. Only when that was satisfied was a so-called tie-breaker allowed and ESG be considered.”