• Products

    A Guide to Hartford Funds

    View Now >

  • Insights

    The Reimagined Human-Centric Investing Podcast

    See What's New >

  • Practice Management

    Applied Insights Team

    Learn More >

  • Resources

    Tax Center

    View Now >

  • About Us

    Be Human-Centric

    Learn More >

Since March 2021, the market has been eagerly awaiting guidance from the US Department of Labor (DOL) on the use of ESG in managing retirement-plan assets and in voting the proxies of investments held by those plans. On October 14th, the DOL released proposed rules1 that espouse the view that “climate change and other ESG factors are often material and that in many instances fiduciaries should … consider [such] factors in the assessment of investment risks and returns.” While these rules are still in the proposed stage, they demonstrate the current administration’s view that ESG factors often can be a critical component in assessing potential investments.

 

1 News release: US Department of Labor Proposes Rule to Remove Barriers to Considering Environmental, Social, and Governance Factors in Plan Management, October 14, 2021. See also "Notice of Proposed Rulemaking on Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights" factsheet published October 13, 2021. 
DOL, Executive Order 13990, Protecting Public Health and the Environment and Restoring Science to Tackle the Climate Crisis, EBSA, 86 Fed. Reg. 7037 (January 25, 2021). 
3 DOL, Statement Regarding Enforcement of its Final Rules on ESG Investments and Proxy Voting by Employee Benefit Plans (March 10, 2021).
4 White House, Executive Order on Climate-Related Financial Risk (May 20, 2021)
5 DOL, Interpretive Bulletin Relating to the Fiduciary Standard under ERISA in Considering Economically Targeted Investments, EBSA, 29 CFR Part 2509, RIN 1210-AB73 (10/26/15).

Important Risks: Investing involves risk, including the possible loss of principal. 

The views expressed herein are those of Schroders Investment Management (Schroders), are for informational purposes only, and are subject to change based on prevailing market, economic, and other conditions. The views expressed may not reflect the opinions of Hartford Funds or any other sub-adviser to our funds. They should not be construed as research or investment advice nor should they be considered an offer or solicitation to buy or sell any security. This information is current at the time of writing and may not be reproduced or distributed in whole or in part, for any purpose, without the express written consent of Schroders or Hartford Funds. 

226078


From our sub-adviser, Schroders Investment Management
Author Headshot
Global Head of Sustainability Solutions

The material on this site is for informational and educational purposes only. The material should not be considered tax or legal advice and is not to be relied on as a forecast. The material is also not a recommendation or advice regarding any particular security, strategy or product. Hartford Funds does not represent that any products or strategies discussed are appropriate for any particular investor so investors should seek their own professional advice before investing. Hartford Funds does not serve as a fiduciary. Content is current as of the publication date or date indicated, and may be superseded by subsequent market and economic conditions.

Investing involves risk, including the possible loss of principal. Investors should carefully consider a fund's investment objectives, risks, charges and expenses. This and other important information is contained in the mutual fund, or ETF summary prospectus and/or prospectus, which can be obtained from a financial professional and should be read carefully before investing.

Mutual funds are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA|SIPC. ETFs are distributed by ALPS Distributors, Inc. (ALPS). Advisory services may be provided by Hartford Funds Management Company, LLC (HFMC) or its wholly owned subsidiary, Lattice Strategies LLC (Lattice). Certain funds are sub-advised by Wellington Management Company LLP and/or Schroder Investment Management North America Inc (SIMNA). Schroder Investment Management North America Ltd. (SIMNA Ltd) serves as a secondary sub-adviser to certain funds. HFMC, Lattice, Wellington Management, SIMNA, and SIMNA Ltd. are all SEC registered investment advisers. Hartford Funds refers to HFD, Lattice, and HFMC, which are not affiliated with any sub-adviser or ALPS. The funds and other products referred to on this Site may be offered and sold only to persons in the United States and its territories.

© Copyright 2022 Hartford Funds Management Group, Inc. All Rights Reserved. Not FDIC Insured | No Bank Guarantee | May Lose Value