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SRI Tips From Social(k)

The following blog was written by Rob Thomas, the owner of Social(k), based in Springfield, MA. Social(k) joined 1% for the Planet in 2006 and recently completed their 2012 certification early with support of the Spikenard Farm and Honeybee Sanctuary. We appreciate Rob’s support of our network and would like to share the following blog post with the rest of our network, so they can learn how to add socially responsible investment (SRI) options to an employers retirement plan.

Download this valuable step by step guide on how to get your employer or organization to add Socially Responsible Investments to a retirement plan. Please download it and make use of it. Here’s what you’ll find:

-An outline of what a retirement plan involves.

-What the pieces of this sometimes confusing puzzle are.

-Who does what. How to add Socially Responsible Investing, and why.

-What the steps are to add a new employee benefit or change an existing one to better reflect your organizations DNA.

Green America went through this process and the employees decided to choose Social(k) as their 403(b) plan. With that experience we bring you this guide to use when beginning the discussion at your place of employment.

Thank you in advance for taking the time to download and read through the process and considering taking necessary steps to get screened funds added to the retirement plan for organization.

An excerpt from the SRI-Retirement-Guide:

Whether you are an employer or an employee, you’ll want to understand the benefits of offering employees a retirement plan with investments aligned with the employer’s and/or employees’ mission or ethics and their investment goals. It is important to state the benefits of SRI in order to better support the business’s mission and to strengthen the case for SRI in your retirement plan.

Reasons for offering SRI retirement options include:

-Having a retirement plans that reflects the employer’s values or mission (for example, if you are a producer of solar panels, chances are you want to eliminate or reduce investments in fossil fuels).

-Helping to strengthen the employee’s long-term financial well-being by providing greater investment choice by adding SRI to an existing plan.

-Building employee morale and staff retention by expanding the benefits package.

-Providing an important employee benefit of enduring value since numerous studies have shown that SRI investment returns are competitive with conventional funds over the long term.

According to a September 2011 report by the US SIF Foundation and Mercer, US defined contribution retirement plans that offer SRI options could double in the next three years.2 The results of the survey indicate that four out of five plan sponsors respondents (84%) believe that demand for SRI retirement options will increase or remain steady during the next five years. It is clear that more and more employers are considering SRI, especially in response to employee demand. In fact, legislation has been introduced to make SRI options available to federal employees.

Download the 18 Page guide here

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