--- title: "Meaning & Key Takeaway of: ESG investing poses particular concerns…" description: "\"ESG investing poses particular concerns under the Employee Retirement Income Security Act, or Erisa, the federal law governing private retirement plans..." image: "https://sms4smile.com/quotes/i/e67/eugene-scalia-15889_act_esg-investing-poses-particular-concerns_1649155.jpg" --- # ESG investing poses particular concerns under the Employee… ![“ESG investing poses particular concerns under the Employee Retirement Income Security Act, or Erisa, the federal law governing private retirement plans.” quote by Eugene Scalia](https://sms4smile.com/quotes/i/e67/eugene-scalia-15889_act_esg-investing-poses-particular-concerns_1649155.jpg) [Download](https://sms4smile.com/quotes/i/e67/eugene-scalia-15889_act_esg-investing-poses-particular-concerns_1649155.jpg) [Open image](https://sms4smile.com/quotes/i/e67/eugene-scalia-15889_act_esg-investing-poses-particular-concerns_1649155.jpg) > “ESG investing poses particular concerns under the Employee Retirement Income Security Act, or Erisa, the federal law governing private retirement plans.” [Eugene Scalia](https://sms4smile.com/quotes/author/eugene-scalia/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. ESG investing raises legal issues under ERISA, potentially conflicting with fiduciary duties and regulatory compliance. **In simple terms:** ESG may clash with retirement law. Key Takeaway Assess ESG risks under ERISA. Themes law finance environmental policy Mood cautionary technical Type legal financial When to use this quote - investment management - retirement planning - legal counsel - policy analysis Key Concepts fiduciary duty regulatory compliance ESG investing Questions to Reflect On - What reforms could align ESG with ERISA? - How do fiduciaries balance profit and purpose? A Different Perspective It may overstate conflict without considering recent guidance. ★ ★ ★ ★ ★ No ratings yet [Act](https://sms4smile.com/quotes/about/act/) [Employee Retirement](https://sms4smile.com/quotes/about/employee-retirement-634812/) [Erisa Federal](https://sms4smile.com/quotes/about/erisa-federal-634810/) [Esg Investing](https://sms4smile.com/quotes/about/esg-investing-634809/) [Governing Private](https://sms4smile.com/quotes/about/governing-private-634813/) [Law](https://sms4smile.com/quotes/about/law/) [Plans](https://sms4smile.com/quotes/about/plans/) [Private Retirement](https://sms4smile.com/quotes/about/private-retirement-634811/) [Retirement](https://sms4smile.com/quotes/about/retirement/) [Security](https://sms4smile.com/quotes/about/security/) ## Related quotes > [Many investors understandably want to do good while also doing well. But the standards for ESG investing are often unclear and sometimes contradictory.](https://sms4smile.com/quotes/eugene-scalia/many-investors-understandably-want-to-do-good-while-also-doing-well/) [Eugene Scalia](https://sms4smile.com/quotes/author/eugene-scalia/) > [ESG investing often marches under the same banner as 'stakeholder capitalism,' which maintains that corporations owe obligations to a range of constituencies, not only…](https://sms4smile.com/quotes/eugene-scalia/esg-investing-often-marches-under-the-same-banner-as-stakeholder/) [Eugene Scalia](https://sms4smile.com/quotes/author/eugene-scalia/) > [There is little less trouble in governing a private family than a whole kingdom.](https://sms4smile.com/quotes/michel-de-montaigne/there-is-little-less-trouble-in-governing-a-private-family-than-a/) [Michel de Montaigne](https://sms4smile.com/quotes/author/michel-de-montaigne/) > [What we should be trying to do is to encourage people to establish private retirement accounts and help them take pressure off the Social…](https://sms4smile.com/quotes/dennis-moore/what-we-should-be-trying-to-do-is-to-encourage-people-to-establish/) [Dennis Moore](https://sms4smile.com/quotes/author/dennis-moore/) > [At the heart of Erisa is the requirement that plan fiduciaries act with an 'eye single' to funding the retirements of plan participants and…](https://sms4smile.com/quotes/eugene-scalia/at-the-heart-of-erisa-is-the-requirement-that-plan-fiduciaries-act/) [Eugene Scalia](https://sms4smile.com/quotes/author/eugene-scalia/) > [I think the day of retirement will come when I go out there and do everything I was supposed to do and I still…](https://sms4smile.com/quotes/frank-mir/i-think-the-day-of-retirement-will-come-when-i-go-out-there-and-do/) [Frank Mir](https://sms4smile.com/quotes/author/frank-mir/) > [I'll be that guy who's 80 years old and still has a job. There is no 'retire' for me.](https://sms4smile.com/quotes/big-show/i-ll-be-that-guy-who-s-80-years-old-and-still-has-a-job-there-is-no/) [Big Show](https://sms4smile.com/quotes/author/big-show/) > [Time is never more misspent than while we declaim against the want of it; all our actions are then tinctured with peevishness. The yoke…](https://sms4smile.com/quotes/johann-georg-ritter-von-zimmermann/time-is-never-more-misspent-than-while-we-declaim-against-the-want-of/) [Johann Georg Ritter von Zimmermann](https://sms4smile.com/quotes/author/johann-georg-ritter-von-zimmermann/) > [In retirement, I look for days off from my days off. Mason Cooley](https://sms4smile.com/quotes/mason-cooley/in-retirement-i-look-for-days-off-from-my-days-off-mason-cooley/) [Mason Cooley](https://sms4smile.com/quotes/author/mason-cooley/) > [The basic idea of retirement income is, to me, to get a check, two checks every month, one from your fixed income and one…](https://sms4smile.com/quotes/john-c-bogle/the-basic-idea-of-retirement-income-is-to-me-to-get-a-check-two/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [Retirement is having nothing to do and someone always keeping you from it.](https://sms4smile.com/quotes/robert-breault/retirement-is-having-nothing-to-do-and-someone-always-keeping-you/) [Robert Breault](https://sms4smile.com/quotes/author/robert-breault/) > [The chief wonder of education is that it does not ruin everybody concerned in it, teachers and taught.](https://sms4smile.com/quotes/henry-adams/the-chief-wonder-of-education-is-that-it-does-not-ruin-everybody/) [Henry Adams](https://sms4smile.com/quotes/author/henry-adams/) > [I have no intention of retiring. Even my blood sugar is better when I'm working.](https://sms4smile.com/quotes/elaine-stritch/i-have-no-intention-of-retiring-even-my-blood-sugar-is-better-when-i/) [Elaine Stritch](https://sms4smile.com/quotes/author/elaine-stritch/) > [I'm not gonna squeal out that this is my 23rd retirement, my real, real retirement. But you know there comes a time where you…](https://sms4smile.com/quotes/terry-funk/i-m-not-gonna-squeal-out-that-this-is-my-23rd-retirement-my-real-real/) [Terry Funk](https://sms4smile.com/quotes/author/terry-funk/) > [Retirement? You're talking about death, right?](https://sms4smile.com/quotes/robert-altman/retirement-you-re-talking-about-death-right/) [Robert Altman](https://sms4smile.com/quotes/author/robert-altman/) ## More by Eugene Scalia > [I've urged employers to address workers' pain.](https://sms4smile.com/quotes/eugene-scalia/i-ve-urged-employers-to-address-workers-pain/) [Eugene Scalia](https://sms4smile.com/quotes/author/eugene-scalia/) > [At the heart of Erisa is the requirement that plan fiduciaries act with an 'eye single' to funding the retirements of plan participants and…](https://sms4smile.com/quotes/eugene-scalia/at-the-heart-of-erisa-is-the-requirement-that-plan-fiduciaries-act/) [Eugene Scalia](https://sms4smile.com/quotes/author/eugene-scalia/) > [ESG investing often marches under the same banner as 'stakeholder capitalism,' which maintains that corporations owe obligations to a range of constituencies, not only…](https://sms4smile.com/quotes/eugene-scalia/esg-investing-often-marches-under-the-same-banner-as-stakeholder/) [Eugene Scalia](https://sms4smile.com/quotes/author/eugene-scalia/) > [Businesses always are reluctant to make governmental filings about the purpose and terms of their relationships. That's particularly so when sensitive strategic and legal…](https://sms4smile.com/quotes/eugene-scalia/businesses-always-are-reluctant-to-make-governmental-filings-about/) [Eugene Scalia](https://sms4smile.com/quotes/author/eugene-scalia/) > [Whistleblowers deserve protection, but employees are not federal agents.](https://sms4smile.com/quotes/eugene-scalia/whistleblowers-deserve-protection-but-employees-are-not-federal-agents/) [Eugene Scalia](https://sms4smile.com/quotes/author/eugene-scalia/) > [OSHA was created to regulate jobs that cause injury or illness to workers. Increasingly, though, OSHA sees its purpose as improving the general welfare…](https://sms4smile.com/quotes/eugene-scalia/osha-was-created-to-regulate-jobs-that-cause-injury-or-illness-to/) [Eugene Scalia](https://sms4smile.com/quotes/author/eugene-scalia/) > [I've written that there are some workplaces where the best thing you could have for achieving the best terms and conditions of employment will…](https://sms4smile.com/quotes/eugene-scalia/i-ve-written-that-there-are-some-workplaces-where-the-best-thing-you/) [Eugene Scalia](https://sms4smile.com/quotes/author/eugene-scalia/) > [One of the biggest challenges for any new administration is contending with its predecessor's priorities and beginning to advance its own.](https://sms4smile.com/quotes/eugene-scalia/one-of-the-biggest-challenges-for-any-new-administration-is/) [Eugene Scalia](https://sms4smile.com/quotes/author/eugene-scalia/) > [For a lawyer to shade or slant his legal advice to advance a private agenda is among the gravest betrayals of his solemn duty…](https://sms4smile.com/quotes/eugene-scalia/for-a-lawyer-to-shade-or-slant-his-legal-advice-to-advance-a-private/) [Eugene Scalia](https://sms4smile.com/quotes/author/eugene-scalia/) > [Running a business and need more skilled workers? If you're not considering apprenticeships, then you're behind the curve.](https://sms4smile.com/quotes/eugene-scalia/running-a-business-and-need-more-skilled-workers-if-you-re-not/) [Eugene Scalia](https://sms4smile.com/quotes/author/eugene-scalia/) > [Ergonomists are not physicians - they are engineers - and their medical theories are controversial. Some of the world's leading medical researchers deny that…](https://sms4smile.com/quotes/eugene-scalia/ergonomists-are-not-physicians-they-are-engineers-and-their-medical/) [Eugene Scalia](https://sms4smile.com/quotes/author/eugene-scalia/) > [From his first days in the Oval Office, President Trump has prioritized the American worker.](https://sms4smile.com/quotes/eugene-scalia/from-his-first-days-in-the-oval-office-president-trump-has/) [Eugene Scalia](https://sms4smile.com/quotes/author/eugene-scalia/) > [The SEC and CFTC are expert agencies blessed with immensely capable professionals. Judges value and defer to that expertise - when it's exercised to…](https://sms4smile.com/quotes/eugene-scalia/the-sec-and-cftc-are-expert-agencies-blessed-with-immensely-capable/) [Eugene Scalia](https://sms4smile.com/quotes/author/eugene-scalia/) > [Community colleges, businesses, trade associations and others have begun to issue a range of their own credentials to certify when a worker has mastered…](https://sms4smile.com/quotes/eugene-scalia/community-colleges-businesses-trade-associations-and-others-have/) [Eugene Scalia](https://sms4smile.com/quotes/author/eugene-scalia/) > [I've taken pains to acknowledge that ergonomic pain is real and that ergonomics is valid.](https://sms4smile.com/quotes/eugene-scalia/i-ve-taken-pains-to-acknowledge-that-ergonomic-pain-is-real-and-that/) [Eugene Scalia](https://sms4smile.com/quotes/author/eugene-scalia/) [Explore all 41 Eugene Scalia quotes ](https://sms4smile.com/quotes/author/eugene-scalia/) ## More Act quotes > [I once told someone I could act. They totally bought it. I've been getting away with it ever since.](https://sms4smile.com/quotes/akshay-kumar/i-once-told-someone-i-could-act-they-totally-bought-it-i-ve-been/) [Akshay Kumar](https://sms4smile.com/quotes/author/akshay-kumar/) > [Teachers' unions don't act in the interest of most teachers.](https://sms4smile.com/quotes/sal-khan/teachers-unions-don-t-act-in-the-interest-of-most-teachers/) [Sal Khan](https://sms4smile.com/quotes/author/sal-khan/) > [“I take my actions because of my passion not because of compulsion.”](https://sms4smile.com/quotes/amit-kalantri/i-take-my-actions-because-of-my-passion-not-because-of-compulsion/) [Amit Kalantri](https://sms4smile.com/quotes/author/amit-kalantri/) > [People take years learning how to act; it's a skill, not just a job. If I tried it out and thought I'd be OK,…](https://sms4smile.com/quotes/travis-fimmel/people-take-years-learning-how-to-act-it-s-a-skill-not-just-a-job-if/) [Travis Fimmel](https://sms4smile.com/quotes/author/travis-fimmel/) > [Self-discipline is an act of cultivation. It require you to connect today's actions to tomorrow's results. There's a season for sowing a season for…](https://sms4smile.com/quotes/gary-ryan-blair/self-discipline-is-an-act-of-cultivation-it-require-you-to-connect/) [Gary Ryan Blair](https://sms4smile.com/quotes/author/gary-ryan-blair/) > [“Don’t turn your face away. Once you’ve seen, you can no longer act like you don’t know. Open your eyes to the truth. It’s…](https://sms4smile.com/quotes/vashti-quiroz-vega/don-t-turn-your-face-away-once-you-ve-seen-you-can-no-longer-act-like/) [Vashti Quiroz-Vega](https://sms4smile.com/quotes/author/vashti-quiroz-vega/) > [I always advise people not to act upon the advice that I give them.](https://sms4smile.com/quotes/vikrant-parsai/i-always-advise-people-not-to-act-upon-the-advice-that-i-give-them/) [Vikrant Parsai](https://sms4smile.com/quotes/author/vikrant-parsai/) > [I have no interest in watching myself act.](https://sms4smile.com/quotes/paul-wesley/i-have-no-interest-in-watching-myself-act/) [Paul Wesley](https://sms4smile.com/quotes/author/paul-wesley/) > [“Don't wait, just sweat.”](https://sms4smile.com/quotes/amit-kalantri/don-t-wait-just-sweat/) [Amit Kalantri](https://sms4smile.com/quotes/author/amit-kalantri/) > [I do believe some people can naturally act and don't know it.](https://sms4smile.com/quotes/andrea-arnold/i-do-believe-some-people-can-naturally-act-and-don-t-know-it/) [Andrea Arnold](https://sms4smile.com/quotes/author/andrea-arnold/) > [Regardless of what I do, whether I write a book or whether I act or whether I host, I'll always do stand-up comedy because…](https://sms4smile.com/quotes/howie-mandel/regardless-of-what-i-do-whether-i-write-a-book-or-whether-i-act-or/) [Howie Mandel](https://sms4smile.com/quotes/author/howie-mandel/) > [On 'Workaholics,' I feel like I'm just hanging out with my buddies being filmed, but on 'Mindy,' I'm around professional funny people who act.…](https://sms4smile.com/quotes/anders-holm/on-workaholics-i-feel-like-i-m-just-hanging-out-with-my-buddies-being/) [Anders Holm](https://sms4smile.com/quotes/author/anders-holm/) > [I'm not an artist, and I want to take risks, and when the possibility of failure occurs, it's because the idea is all exciting…](https://sms4smile.com/quotes/peter-morgan/i-m-not-an-artist-and-i-want-to-take-risks-and-when-the-possibility/) [Peter Morgan](https://sms4smile.com/quotes/author/peter-morgan/) > [I don't have a huge amount of gear, but on the software side, I have a number of plug-in chains that act as abstracted…](https://sms4smile.com/quotes/jon-hopkins/i-don-t-have-a-huge-amount-of-gear-but-on-the-software-side-i-have-a/) [Jon Hopkins](https://sms4smile.com/quotes/author/jon-hopkins/) > [I honestly didn't know that I wanted to act until I was probably 12.](https://sms4smile.com/quotes/miranda-rae-mayo/i-honestly-didn-t-know-that-i-wanted-to-act-until-i-was-probably-12/) [Miranda Rae Mayo](https://sms4smile.com/quotes/author/miranda-rae-mayo/) [Browse all 1,802 Act quotes ](https://sms4smile.com/quotes/about/act/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "ESG investing poses particular concerns under the Employee Retirement Income Security Act, or Erisa, the federal law governing private retirement plans.", "creator": { "@type": "Person", "name": "Eugene Scalia" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" 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