Sphere is a registered public benefit corporation that, together with a community of hundreds across the country, has created the first fossil-free index designed for 401(k)s.
Sphere helps the 401(k) advisor community deliver on the demands of plan participants by providing an alternative to US core equity exposure excluding fossil fuels. This solution allows plan advisors to demonstrate their commitment to fiduciary duty while allowing them to satisfy a deeply personal desire of their clients, without having to choose between the two.
They are committed to asking employers for investment options that are not invested in fossil fuels; to do that, they offer financial products that make it easier for employers to offer fossil-free investment options in their 401(k) plans. Members also share insights on what’s working at each of our companies to rally employees to pressure leadership to offer fossil-free 401(k) options. [1]
Sphere was founded by 📝Alex Wright-Gladstein.
Media
- Sphere raises $2M to help employees lobby for green 401(k) plans, techcrunch.com
References
- Sphere, oursphere.org
Creators
- 🏷️#alexwrightgladstein (See: 📝Alex Wright-Gladstein)
- 🏷️#dougburnett (See: 📝Doug Burnett)
- 🏷️#citizensofone (See: 📝Citizens of One)
Tags
Notes
- S&P 500 minus 40 fossil fuel companies, better return than S&P 500
- Open to co-promotion with early investors (pre-push to 401k advisors, etc.)
- Two parts of Sphere: movement and product
- Suggestion: create a P2P petition generator with gamification
- Suggestion: create a bounty board of public investors