Sphere is amplifying a social movement to get 401(k) retirement savings money out of fossil fuel companies. They are a registered public benefit corporation that help employers provide employees with authentic climate-friendly investment options - all while maintaining fiduciary duty with quality products at reasonable fees.
Over 80% of Americans are worried about climate change, but 99% of Americans with retirement savings don't have the option to avoid investing in fossil fuel companies, with over 80% not realising they're invested in fossil fuel companies in the first place. Sphere makes value-aligned investing available to everyone by offering the first climate-friendly investment products designed for employee-sponsored retirement savings plans, the primary investment vehicle available to most Americans.
Sphere is amplifying a social movement to get 401(k) retirement savings money out of fossil fuel companies. They amplify the voices of employees asking for fossil-free investment options and help employers provide authentic climate-friendly investment options while maintaining fiduciary duty with quality products at reasonable fees.
Alex Wright-Gladstein is the founder and CEO of Sphere. Prior to founding Sphere, she was founding CEO of Ayar Labs, an MIT technology spinout company that makes data centers and supercomputers faster and more energy efficient by using light to move data between chips. She has also been the energy entrepreneurship practice leader at MIT and an energy efficiency program manager and energy markets specialist at smart grid company EnerNOC (now Enel X). She received an MBA from MIT and a BA in Political Science and Economics from Tufts University.