Oracle Investors Nix Weighing Climate Risk in Retirement Plans

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Oracle investors voted against a proposal asking the computer software company to examine the impact greenhouse gas emissions will have on its retirement plan investments.

The bid, put forward by As You Sow at the company’s annual meeting on Thursday, asked for a report disclosing how the company is protecting its retirement plan beneficiaries from future climate-related risk related to their retirement savings. As You Sow promotes environmental and social corporate responsibility through shareholder advocacy.

The bid noted that a popular option in the company’s 401(k) plan is the Vanguard Target Retirement fund series, which offers funds invested in a …

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