• undefined@lemmy.hogru.ch
      link
      fedilink
      arrow-up
      9
      ·
      2 days ago

      Say I find out my 401k is investing in this. What do I do to get out of the situation? Would I have to completely stop contributing to it (and lose employer matching) or something else?

      I do have a 401k but before that I really loved investing on my own and avoiding this stuff. I wish I could have them dump the funds into my own account but obviously that’s not possible.

      • SulaymanF@lemmy.world
        link
        fedilink
        arrow-up
        4
        arrow-down
        1
        ·
        2 days ago

        Good question. Pressure your employer or HR about it, they have the power to pressure the managers of the fund to divest.

        Divestment has worked for large institutions; for example my university divested from some industries with bad human rights abuses.

      • capital@lemmy.world
        link
        fedilink
        arrow-up
        1
        ·
        2 days ago

        I don’t know this for a fact, but it’s possible ESG funds would leave stocks like these out of their portfolios.