As a State Farm retirement plan participant, I urge State Farm to create a climate safe retirement plan for its current, former, and future employees.

I’m proud to be part of a company that extends the idea of being a good neighbor to building a sustainable future for customers, employees, and the broader community. But while State Farm is helping to take care of the environment through promoting sustainable operations and practices, State Farm’s retirement plan is not yet climate safe.

In State Farm’s default option, 22% of plan participants’ assets are invested in the Vanguard Target Retirement Funds series. Through that fund, current and former State Farm 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. State Farm has a legal fiduciary duty to look out for my investments’ stability and growth.

I am asking that State Farm work with Vanguard and all fund managers for the plan to make the State Farm 401(k) Savings 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.