ABOUT US

Sphere is a movement.

Sphere is a community of employees across hundreds of  companies dedicated to getting fossil fuels out of our companies’ 401(k)s.  We’re a network of climate defenders who work together to inspire and plan how to ensure our companies of have fossil-free options.

Sphere CREATED AN INDEX.

Sphere is a registered public benefit corporation that has worked with our community to create the first fossil-free index designed for 401(k)s. It sounds crazy but until now, there hasn’t been a fossil free product that fit the strict guidelines for 401(k)s. Our community was exhausted trying to get financial firms to fix this. So we made our own public benefit corporation to do it ourselves.

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Sphere is a movement.

Sphere is a community of employees across hundreds of  companies dedicated to getting fossil fuels out of our companies’ 401(k)s.  We’re a network of climate defenders who work together to inspire and plan how to ensure our companies of have fossil-free options.

Sphere is aN INDEX.

Sphere is a B-Corp that is worked with our community to create the first fossil-free index designed for 401(k)s. It sounds crazy but until now, there hasn’t been an index that fit the strict requirements for a 401(k). Our community was exhausted trying to get financial firms to fix this. So we made our own B-Corp.

We help investors take a stand on climate change by providing a low cost alternative to US core equity exposure excluding fossil fuels, and allows HR managers and their advisors to maintain their commitment to fiduciary duty with quality products at reasonable fees without having to compromise on climate.

FOUNDing STORY

Sphere founder Alex Wright-Gladstein learned first-hand how hard it is to offer fossil-free options in 401(k) plans when running her prior startup, Ayar Labs, a company that makes data centers and supercomputers more energy efficient by using light to move data between chips. In setting up their 401(k) plan in 2017, she asked their providers for a fossil free option for employees, and was stunned when it took three years to get a single fossil free option in the plan. In speaking with many experts in the 401(k) space, she learned what obstacles have kept fossil free funds out of 401(k) plans, and decided to start Sphere to offer options that are designed for 401(k) plans, as well as to raise awareness of the fact that most of us are invested in fossil fuel companies, and we can do something about it.