Wall Street isn’t being honest about where our retirement funds are going. When I set up my 401(k) this year, I struggled to figure out which funds would allow me to invest in both my future and a safe future for humanity — and rule out the ones that were just greenwashing. And I’m not alone. A recent report identified several mutual fund options that seemed to be environmentally conscious but actually held dozens of fossil fuel companies.
To invest in a shared future that's safe for humanity, we need clear, transparent information.
That’s why we’re thrilled that the Securities and Exchange Commission (SEC), the agency created to ensure transparency for investors, just announced two new proposals that would make it easier for us to invest in line with our values.
The proposed rules from the SEC would make it harder for mutual funds to make money by advertising themselves as “sustainable” or “green” while not delivering on those values. The proposed rules provide critical new information for investors to compare mutual funds and decide which ones are best for them. If you want honest, transparent information about where your retirement savings are going, please speak up in support of the SEC’s new transparency rules.
These rules could be a huge win for those of us with 401(k)s, pensions, or investment portfolios.
But we know that Wall Street lobbyists will fight these rules! That’s why regulators need to hear from people like you about why you want more transparency for investments that are marketed as environmentally friendly.
Send a message to the SEC: Urge it to strengthen and finalize its proposed rules to provide investors with the information they need to invest in line with their values. Working together, we can pressure regulators to use the full extent of their power to ensure investors have the information they need to make informed, sustainable choices.
Thanks for speaking up, Carly
Public Citizen | 
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