What is the plan's policy on ESG or responsible investing?
We are interested in offering something thoughtful on responsible investing, also known as ESG (Environmental, Social, and Governance), as part of our plan. The plan's target date funds are managed by BlackRock, which manages more than $10 trillion US in assets and serves more than 35 million investors. BlackRock is committed to evaluating sustainability insights and data across all of its investment processes and focusing on its dedicated investment stewardship activities.
BlackRock has evolved the target date fund portfolios to integrate ESG building blocks. For more information on BlackRock’s approach to sustainable investing, you can check out the firm’s Investment Stewardship, as well as BlackRock CEO Larry Fink's focus on sustainability in his annual letter to chief executives.