Make the Microsoft Corporation Savings Plus 401(k) Plan Climate Safe
Satya Nadella, CEO
Your employer-sponsored retirement plan is a powerful tool in the fight against climate change.
Although Microsoft is making progress towards net zero, Microsoft’s 401(k) retirement plan is not yet climate safe.
In Microsoft’s default option, 26% of plan participants’ assets are invested in the BlackRock LifePath Index series. Through that fund, current and former Microsoft employees participating in this plan are investing hundreds of millions of dollars in fossil fuels and deforestation-risk agribusiness, and 0% of the plan’s assets are invested in sustainable options.
Additionally, being invested in companies with known climate risk jeopardizes your financial future. Microsoft has a legal fiduciary duty to look out for your investments’ stability and growth.
Asking Microsoft to make the Microsoft Corporation Savings Plus 401(k) Plan climate safe will help ensure your financial future and the future of the planet.
Sponsored by
To:
Satya Nadella, CEO
From:
[Your Name]
As a Microsoft retirement plan participant, I urge Microsoft to create a climate safe retirement plan for its current, former, and future employees.
I’m proud to be part of a company that is working to meet the needs of the planet. But while Microsoft has made progress towards net zero, Microsoft’s 401(k) retirement plan is not yet climate safe.
In Microsoft’s default option, 26% of plan participants’ assets are invested in the BlackRock LifePath Index series. Through that fund, current and former Microsoft employees participating in this plan are investing hundreds of millions of dollars in fossil fuels and deforestation-risk agribusiness, and 0% of the plan’s assets are invested in sustainable options.
Additionally, investing in companies with known climate risk jeopardizes my financial future. Microsoft has a legal fiduciary duty to look out for my investments’ stability and growth.
I am asking Microsoft to work with BlackRock and all fund managers for the plan to make the Microsoft Corporation Savings Plus 401(k) Plan climate safe by ensuring:
1. No funds with investments in companies expanding or financing the expansion of fossil fuel production.
2. Any funds with companies that are major emitters (currently extracting or financing fossil fuels, or driving deforestation) are reducing emissions at a rate in line with the latest climate science.
3. All funds have a commitment to demand science-based climate transition plans from the companies the fund owns and to vote out boards of directors who fail to take appropriate climate action.
Thank you for looking out for the future of your employees and the planet.