• undefined@lemmy.hogru.ch
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    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
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      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
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      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.