The Biden administration recently pulled back some previous investing restrictions companies tied to. Now, businesses can look at the environmental and social implications of investing in a particular fund, choosing whether or not to put money into areas such as fossil fuel production.
Environmental, social and governance (ESG) investing means looking at how companies behave and how socially conscious they are about topics such as the environment and social causes. The loosening of the previous ERISA amendment changes where money flows and could impact the economy and job opportunities within growing brands.
