Insights & News

George Michael Gerstein Quoted in Ignites and Fund Action Regarding a Recent GAO Report on ESG Funds

May 25, 2018
Press Clippings

Stradley Ronon Counsel George Michael Gerstein was quoted in Ignites’ article, “GAO Nudges DOL to Clear Up ESG Guidance” and Fund Action’s article, “GAO Asks DOL for ESG Clarity,” elaborating on the GAO report and its significance to ESG funds.

“Those close to ESG will unlikely find anything surprising in the GAO report on the various reasons why ESG is not yet widely adopted by U.S. retirement plans: questions over the reliability/comparability of disclosures, ratings and rankings — designed to help fiduciaries incorporate ESG factors — all continue to be cited as impediments,” Gerstein wrote. “Regulatory uncertainty, and definitional ambiguities, also remain hindrances.”

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