As You Sow, a leading shareholder representative, in collaboration with investment advisor Carbon Collective and shareholder voting platform iconik, today announced a new program integrated into its 401(k) employer-sponsored retirement plan that enables every employee to direct fund managers how to vote proxies according to their preferences.
Read MoreNew analysis from As You Sow finds that employee retirement 401(k) plans are channeling hundreds of billions of dollars into military weapons manufacturers, including companies involved with nuclear arms, cluster munitions, and other controversial weapons. Every plan analyzed had companies linked to nuclear or controversial weapons in their top 100 equity holdings, with RTX Corp, Boeing, and GE Aerospace among the most frequent investments.
Read MoreTomorrow, Alphabet Inc. (NASDAQ: GOOG) shareholders will vote on a proposal asking Alphabet, Google’s parent company, to report on how it plans to protect its employees from the financial risk created by investing in fossil fuel and other high-carbon companies. The resolution is filed by shareholder representative As You Sow.
Read MoreToday, researchers at the University of Waterloo (Canada), in partnership with As You Sow, released a new report finding more than 2 million employees from 12 tech-sector companies could have earned an estimated $5.1 billion in additional returns had their companies moved to decarbonize their retirement plan holdings 10 years ago. The report analyzed the 401(k) plans of the Big Five tech companies – Amazon, Apple, Google, Meta, and Microsoft – and seven additional tech companies: Adobe, Broadcom, Intuit, Netflix, Oracle, Qualcomm, and SAP America.
Read MoreToday, researchers at the University of Waterloo, in partnership with As You Sow, released a new report finding that Google employees could have earned an estimated $1.15 billion in additional returns, with the financial performance of the company’s retirement plan holdings “estimated to have been higher if they had divested from the Energy Sector ten years ago on an absolute and risk adjusted basis.”
Read MoreShareholders will vote today on a proposal at Intuit asking for a report describing how the company is protecting employees from climate risk embedded in its retirement plan investment options. In a rapidly warming world, this proposal from shareholder representative As You Sow asks a critical question about how Intuit plans to protect its employees’ life savings from the economic consequences of climate change.
Read MoreShareholders today will vote on proposals at Microsoft and Campbell's asking for a report describing how the companies are protecting employees from climate risk embedded in their retirement plan investment options. A
Read MoreA new analysis from As You Sow of the Federal Thrift Savings Plan (TSP), which manages $725 billion in retirement savings for six million participants, found over $35 billion invested in coal, oil, and gas companies. Just ten oil and gas majors, including Exxon Mobil, Chevron, and ConocoPhillips, account for $9.7 billion invested.
Read MoreToday, the U.S. Securities and Exchange Commission (SEC) published new rules to prevent misleading or deceptive use of environmental, social, and governance (ESG) terms in mutual fund names. The new rules modernize the Investment Company Act “Names Rule” to ensure that the name of a fund adequately and accurately represents the investment strategy of the fund, as part of the SEC’s efforts to fight greenwashing in the sustainable investment industry.
Read MoreFedEx shareholders will vote on a proposal at the September 21 annual general meeting asking the company to report on how it is protecting employees from climate risk stemming from their retirement plan investment options. This proposal represents a growing concern among employees about the risks of investing retirement dollars in industries that contribute significantly to climate change.
Read MoreA new analysis from As You Sow has found that the largest U.S. mutual fund managers, responsible for funds found across thousands of corporate 401(k) plans, have significant investments in nuclear and other controversial weapons like white phosphorus and cluster bombs.
Read MoreAmazon, Netflix, and Comcast shareholders will soon vote to ask companies how they are protecting employees from climate risk stemming from their retirement plan investment options.
Read MoreInvestors support President Biden’s commitment to veto a Congressional Review Act bill intended to overturn a Department of Labor rule that empowers retirement plan fiduciaries to consider material environmental, social, and governance risks when making investment and proxy voting decisions.
Read MoreMicrosoft shareholders voted on an As You Sow resolution asking the company to disclose how the company’s 401(k) retirement funds manage the growing systemic risk created by investing in companies contributing significantly to climate change.
Read MoreCampbell’s shareholders Wednesday voted on an As You Sow’s shareholder resolution asking the company to prepare a report assessing how the company’s retirement funds manage the growing systemic risk created by investing in companies contributing significantly to climate change.
Read MoreThe Department of Labor today released its long-awaited “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights” rule that empowers plan fiduciaries to safeguard the savings of America's workers by clarifying that …
Read MoreAs You Sow today released new Fossil Free Finance and Insurance ratings that score mutual funds and ETFs based on their investments in banks and insurers providing loans and underwriting that support fossil fuel projects.
Read MoreAs You Sow’s shareholder resolution asked Comcast to prepare a report on the contrast between the adoption of strong climate policies for its operations versus high carbon investments in its employee retirement investment plan.
Read MoreThe long-awaited U.S. Securities Exchange Commission draft rule on fund naming was released today requiring companies to improve the accuracy of names and prospectus language of mutual funds and ETFs.
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