; after collective bargaining agreement; . (b) Establishment of sustainable investment policy Section 402 of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1102 ) is amended— (1) in subsection (b)— (A) in paragraph (3), by striking and ; (B) in paragraph (4), by striking the period and insert , and ; and (C) by inserting after paragraph (4) the following: (5) provide a sustainable investment policy of the plan in accordance with subparagraph (d) unless the plan elects to rely on the sustainable investment policies of the plan’s fiduciaries as defined by section 3(38) ; and (2) by adding after subsection (c) the following: (d) (1) A sustainable investment policy under subsection (b)(5) shall include guidelines with respect to— (A) corporate governance practices by entities in which the plan invests, including executive compensation, board diversity, the independence of board chairs, political spending and lobbying disclosure; (B) characteristics of workforces employed by entities in which the plan invests, including compensation and benefits, health and safety, diversity and demographics, skills and training, retention and turnover, full-time and part-time employment, and the use of independent contractors; (C) labor and human rights compliance by entities in which the plan invests, including workers’ freedom of association, the right to collectively bargain, and the prevention of employment discrimination, child labor, and forced labor in company operations and supply chains; (D) the implementation, to the extent practicable, of practices which enhance diversity and inclusion performance within the workforce, senior leadership, business procurement, philanthropy, and/or board of directors; (E) environmental risks to the assets and properties of entities invested in by the plan and related disclosures, including— (i) climate risks and contributions