Disney's retirement plan
has coal, oil, and gas investments that are putting the global climate at risk.

Disney

Plan name:
Disney Savings Plan Master Trust

Default option BlackRock BTC LifePath series
Default fund option managed by BlackRock
Other plan names: Disney Savings Plan Master Trust, Disney 401(k) Plan, Disney Savings and Investment Plan, Disney Hourly Savings and Investment Plan, Disney Retirement Savings Plan
Updated Nov 2021

Environment
scorecard

Fossil fuels
Fossil fuels
Poor
Deforestation
Deforestation
Poor

We used our expertise in mutual fund sustainability analysis and extensive database of ESG-screened companies to rate corporations’ retirement plan investment options.

Social
scorecard

Gender equality
Gender equality
Fair
Civilian firearms
Civilian firearms
Fair
Prison industrial complex
Prison industrial complex
Poor
Military weapons
Military weapons
Poor
Tobacco
Tobacco
Fair

We used our expertise in mutual fund sustainability analysis and extensive database of ESG-screened companies to rate corporations’ retirement plan investment options.

Share these results

Share these results with your employer, coworkers, or social network.



27% of plan assets are invested in the default option, the BlackRock BTC LifePath series.

Most employer-offered retirement plans have what's called a Qualified Default Investment Alternative. When you sign up for the plan, your savings are put in a default investment, and most plan participants never switch. For many plans, that default investment is a series of target date funds, broadly diversified investments that offer different "target dates" for investors in different age brackets. These target date funds mostly invest in index funds that are not sustainably invested. For the plan scorecard above, we use the 2050 target date as the representative of the fund series.




This retirement plan has millions of dollars invested in fossil fuels, deforestation-risk agribusiness, and arms manufacturers.

Disney Savings Plan Master Trust flagged investmentsClick to enlarge
The figures in this chart and the tables below are calculated by cross-referencing annual data on plan investments for 2019, from Form 5500 data filed 10/14/2020, and monthly data on mutual fund holdings from Nov 2021. The results represent a best-faith effort to measure plan participant exposure to various environmental and social risk screens using the most recent data available. The actual amount invested by the plan may be higher today as employees have made further contributions since 2019. These results represent stock investments within the plan's target date and equity funds, and do not capture any risky investments in other fund types or through a self-directed option. Read our full methodology here.




Access to sustainable funds

Only 1 / 25 plan options report a sustainability mandate.

0.02% of plan assets are invested in sustainable options.

While many people stick with the default option, 401(k)s and other employer-offered retirement plans usually have a line-up of additional investment options. If this plan offers any investment options marketed as "sustainable", "socially responsible", or "ESG" (short for environment, social, and governance), we'll show the scorecard results below.



Want more sustainable options in your 401(k) plan?

Learn how to work with your employer to ensure your retirement plan is sustainably invested.



Self-directed option

Plan participants do not have access to sustainable funds via a self-directed option.

A self-directed option(also called a "brokerage window") can provide plan more access to sustainable funds. Without one, plan participants are restricted to the plan options approved by the plan administrator, usually between 20 and 30 funds, and usually not including many (if any) sustainable funds. We did not find any evidence the Disney Savings Plan Master Trust includes a self-directed option.








We offer sustainable investment tools that highlight issues dealing with climate change, gender equality and more

About us

Invest Your Values is funded by contributions to As You Sow, a non-profit 501(c)3.

Donate

Invest Your Values is a project by As You Sow, a 501(c)3 nonprofit empowering shareholders to change corporations for good

Visit As You Sow

Legal    
© Copyright 2021 As You Sow. All rights reserved.
2020 Milvia St, Suite #500, Berkeley, CA 94704

Connect with As You Sow

Contact us      

Not an investment adviser

Disclaimer: As You Sow is not an investment adviser

As You Sow is not an investment adviser as that term is defined under federal and state (California) laws and regulations. As You Sow is a tax-exempt, nonprofit organization dedicated to educating and empowering shareholders to change corporations for the good through the collection, analysis and dissemination of relevant information to the public, free of charge. As You Sow does not provide financial planning, legal or tax advice. Nothing on this website shall constitute or be construed as an offering of financial instruments, or as investment advice or investment recommendations.
See our full disclaimer