Sustainability Summary

This is an unclaimed profile. Social(k) has not joined Sustainability Tracker to verify their sustainability credentials. We gathered what we could from public sources.

Social(k) Sustainability Profile

Sustainability Summary

This is an unclaimed profile. Social(k) has not joined Sustainability Tracker to verify their sustainability credentials. We gathered what we could from public sources.

What do our labels mean?

Social(k) is a retirement plan provider focused on ESG and SRI investing. Its materials describe sustainable, responsible and impact investing as an approach that considers environmental, social and corporate governance criteria to generate long-term competitive financial returns and positive societal impact. The site emphasizes ESG-screened mutual funds, shareholder engagement, and climate-related investing, including divestment from fossil fuels and reinvestment in renewable energy and energy efficiency. Social(k) also highlights social and governance issues such as gender equality, pay equity, board diversity, political spending, and racial justice as part of a broader ESG approach to retirement investing.

About Social(k)

Status
Unverified

Website
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Employees
1 - 5

Country
United States

Social(k) Services

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Social(k) provides sustainable finance solutions with a focus on ESG-screened retirement options. Their innovative, paperless platform offers open architecture, allowing businesses to choose from a wide range of funds and ETFs, enhancing investment flexibility while supporting environmentally and socially responsible finance practices.

Serviceable Locations: United States

Green Finance & Carbon Markets

Sustainable Finance

Social(k) Sustainability Actions

Offers ESG-screened investments

Social(k) offers hundreds of investments using Environmental, Social, and Governance, (i.e. ESG screened investments) backed by a plethora of Financial research. Structured into traditional Mutual Funds, Social(k) helps you sleep at night knowing that you’re pursuing the brightest possible future for your retirement and our planet.

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Expanded fund options

Social(k) started with only Calvert Funds, loads waived for plans under $1 million. Today, Social(k) offers funds from all ESG fund companies and adds new options each year as they qualify.

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Provides ESG resources

Additional ESG / SRI Resources. Each Fund Company offers resources via their websites. Performance metrics as well as investments and style of investing among other topics. Spend time with each company learning about how they choose their investments and what they do as shareholders of those companies.

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Supports shareholder advocacy

Shareholder Advocacy is one area you could research. Here is what Pax Funds says about it: “Our shareholder resolutions focus on persuading companies to adopt higher standards of corporate responsibility.”

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Guides climate divestment

When retail and institutional investors make the decision to divest from fossil fuels—coal, oil and natural gas companies—this decision should not be the end of the portfolio review process, but rather the beginning of a series of reinvestment decisions.

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Social(k) Sustainability Commitments

2022

TSP ESG funds launch

The federal government’s Thrift Savings Plan will begin offering environmental, social, and governance funds in 2022, the latest sign of the growing acceptance of sustainable investing by retirement plans.

2022

Mutual fund window opens

The ESG funds will be available in a new “mutual fund window,” similar to a brokerage option, for the plan. The window, which will include 5,000-plus funds, and will be run by Alight, will go live in summer 2022.