Today, 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.
Read MoreAmazon shareholders voted today on an As You Sow resolution asking the company to prepare a report on why the company operates under one set of climate policies for its operations and the opposite in its employee retirement investment plan. Vote totals will be released in four days.
Read MoreThe U.S. Securities and Exchange Commission (SEC) Friday ruled against Amazon.com’s “no-action” motion to exclude the As You Sow shareholder resolution asking the company to prepare a report on why the company operates under one set of climate policies for its operations and the opposite in its employee retirement investments.
Read MoreAfter a four-month analysis of 94 mutual funds and ETFs with “ESG” in their name, a team of University of California, San Diego graduate students concluded that the linguistic patterns found in mutual fund and ETF prospectus language has a relatively low correlation with its ESG rating.
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