Only 4.7% of 401(k) plans offer the choice of an environmental, social, and governance fund, according to the Plan Sponsor Council of America.
If you put money into a 401(k) plan with every paycheck, some of it is probably going to support fossil fuel companies or other work that’s directly contributing to climate change. Right now, most employers don’t offer more sustainable options; only 4.7% of 401(k) plans offer the choice of an ESG (environmental, social, and governance) fund, according to the Plan Sponsor Council of America. And many so-called ESG funds have also been accused of greenwashing because they include fossil fuel companies in their own portfolios.
Originally published on Fast Company : Original article