Employees Want to Invest in Their Future and the Planet’s
Fourstar Connections was recently featured in Newsweek’s, “Greener 401(k)s Choices Are Popular with Employees,” by R. Paul Herman and Megan E. Morrice, an article that speaks to the current focus that employees, nationwide, have for “saving the planet while also making money.” The article discusses how employees are becoming increasingly aware of the detrimental effects of climate change. As a result, they are looking to invest in “green,” environmentally focused 401(k) and 403(b) plans.
With sustainability part of Fourstar’s blueprint, we have adopted sustainable practices throughout the workplace and are committed to evaluating how environmentally friendly our supply chain is which, as the article states, includes not using suppliers that mine in conflict areas. Another such focus at Fourstar that directly impacts our employees and the environment involves the green 401(k) fund investment choices we offer.
Realize Multiple Compelling Benefits
Increasingly, generating profit and being able to make the planet a better place to live are what employees want in their retirement plans. According to Newsweek, “A 2016 survey by Natixis, a global financial company, proves this with 78% of all employees … agreeing that ‘it is important to make the world a better place while growing my personal assets.’” Joy Pettirossi-Poland of More Value and Profit (MVP) told Newsweek, “If all 401(k) plans offered green ratings on funds and education on sustainability, businesses could realize multiple compelling benefits to their employees, their bottom line, and society.”
Fourstar’s ongoing commitment to bolstering our sustainability efforts involves seeking expertise with the implementation of systemic sustainably measures throughout our organization. The guidance we’ve received through the MVP program has helped us navigate this new—and important—vision we hold for our collective future.
The article points out that “entrepreneurial employees, especially women, and engineers are inspired by using business as a force for good.” We’ve found that it, in turn, fosters more productivity and engagement at work. We’d like to think we can be a model for other employers looking to improve their corporate social responsibility by applying greener, socially responsible practices throughout the workplace and within their employees’ retirement benefits. The full article on Newsweek.com can be found here.
If you are a manufacturer looking to adopt similar initiatives, or a customer looking for sustainable and socially responsible cable assemblies or complex box build solutions, we would love to hear from you and find out more about your needs.