In a recent Law360 article, Morris, Manning & Martin, LLP Partner Jeff Witt discusses the increasing liabilities surrounding the environmental, social, and governance (ESG) investment factors in employee benefits and retirement plans.
In the article, he emphasizes that as ESG considerations become more prominent, companies must proactively address these issues to mitigate potential legal risks. Witt highlights the need for organizations to align their benefit plans with ESG principles, ensuring compliance and demonstrating a commitment to sustainable and ethical practices.
“If you’re a [retirement plan] committee, and you’re thinking about how to best use plan assets, try and avoid the litigation altogether,” Witt told Law360.
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