Most people’s pensions are invested in companies. That is so their money grows with the market and they have enough when it comes to retirement.
It’s standard practice.
However, shareholder activist group As You Sow have begun to ask American companies to assess whether their 401(k) pension funds (a type of tax-efficient pension) are hurting the economy by investing in companies that are contributing to climate change.
In this week’s Vote Roundup, we break down what exactly this shareholder proposal is asking for, its reasoning, and what the companies have to say about it.