Companies Face Rising Pressure to Offer ESG Retirement Options
An estimated $32.3 trillion was invested in US retirement plans as of September 2022, with nearly $9 trillion in direct contribution plans such as 401(k)s, according to tracking by the Investment Company Institute. While many retirement plans funnel money into companies that fuel the climate crisis, explains Andrew Behar, chief executive officer of the shareholder activist group As You Sow, “people are just completely ignorant when it comes to what’s actually in their plan.” Read More →