Big Tech Employees Missed Out on $5 Billion in Returns Due to 401(k) Fossil Fuel Investments, New Report Finds

Today, 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.

Invest Your ValuesAs You SowApril 29, 2024Big Tech, 401k, Fossil fuels

Amidst Growing Climate Risk, Shareholders Question Impact of High Carbon Investments in FedEx’s Target Date Retirement Funds

FedEx 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.

Fossil Free Funds, Invest Your ValuesAs You SowSeptember 20, 2023FedEx, fedex, 401k

401(k) Funds Funnel Billions into Nuclear Weapons, Cluster Munitions, and Other Controversial Weapons

A 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.

Invest Your ValuesAs You SowJuly 18, 2023401k, weapons

Microsoft Shareholders Vote on Climate-Safe Retirement Plans

Microsoft 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.

Invest Your ValuesAs You SowDecember 19, 2022401k

Campbell’s Shareholders Vote on Climate-Safe Retirement Plans

Campbell’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.

Climate Change, Invest Your ValuesAs You SowDecember 6, 2022401k