US (STOP THE MONEY PIPELINE) : Are retirement plans doing their jobs when they ignore climate risk? Join us 3/25!

 

We're sharing this important upcoming legal briefing from our friends at Stand.earth:

This month, a landmark class action lawsuit, Kvek v. Cushman & Wakefield, was filed, alleging that one of the world's largest real estate firms has failed to manage climate-related financial risk in its employees' retirement plans. Filed by ClientEarth and Cohen Milstein Sellers & Toll, the case asks a question with implications far beyond one company: Are retirement plan fiduciaries doing their jobs when they ignore climate risk?

Our friends at Stand.earth are hosting a legal and movement briefing to unpack exactly that: Fiduciary Duty in a Climate-Risk Economy: A Legal Briefing. Register here for the briefing on March 25th.

The session will cover:

• What Kvek v. Cushman & Wakefield alleges and what makes it significant

• The fiduciary standards at issue and how climate risk fits within existing law

• Why this matters for workers and retirement security broadly

• What workers and advocates can do right now to protect their own retirement savings

This is the first case of its kind centered around climate risk accountability in private retirement plans. The legal theory it advances—that ignoring material climate risk constitutes a breach of fiduciary duty—has direct implications for plan sponsors, asset managers, and institutional investors managing retirement assets at scale.

This is an educational session designed for labor, finance, and climate networks. We hope to see you there.

Register here to get the Zoom details for the briefing on March 25th.

In Solidarity,
- the Stop the Money Pipeline team.

PS: Want more background? Read the blog from Stand.earth here, and a FAQ from ClientEarth here.