Trump executive order brings scrutiny to environmentally conscious 401(k) investments

President Donald Trump has called for a sweeping look at regulation of the energy industry — and that includes investments in retirement plans.

In an executive order issued last week, Trump called for the Department of Labor to complete a review of energy investment trends and the fiduciary responsibilities tied to proxy voting to determine whether “guidance should be rescinded, replaced or modified.”

That will likely mean greater scrutiny for environmental, social and governance, or ESG, funds that have become available in retirement plans for some workers.