Private Sector Campaign Support
We work with groups of employees at large employers who want to see real climate-friendly retirement investment products that are easy to access, including pro-climate target date funds.
Individuals who have retirement savings plans at work can and should have a climate-friendly retirement savings plan.
Currently, though, most retirement funds are deeply invested in high-emitting companies (and the banks that finance them). Pro-climate options are difficult to access for workers who want them. The largest providers of retirement savings plans (like 401ks and 403bs) can and should do much much better at providing easy pro-climate options for employees.
But they don’t.
Most US workers want a “set it and forget it” when it comes to their retirement savings, and asset managers such as Vanguard have responded to that by coming up with “target date” retirement funds for employees. These investment funds are built around an estimated “target” retirement date. They are extremely popular retirement savings products making up approximately two thirds of all workers’ retirement contributions. The market for these products has been increasing for years and for good reason.
But the largest asset managers don’t offer easy default retirement savings funds that are tilted toward climate.
Vanguard, Blackrock and other asset managers should offer climate safe target date funds to employers/investors, and doing so would have a significant impact.
Get in touch.
Are you an employee at a large employer? Do you want to make sure your retirement savings is pro-climate?