With respect to the activism/pushing for improved corporate governance near the end of the article, I like to think it is happening on the 401K and individual s

With respect to the activism/pushing for improved corporate governance near the end of the article, I like to think it is happening on the 401K and individual side and that the reason it is behind the curve is because 401Ks are a more recent invention than pensions. Here's an example of it happening on the 401K front. https://www.morganstanley.com/articles/audrey-choi-ted-talk-sustainability https://www.morganstanley.com/articles/audrey-choi-ted-talk-... “Today we have more choices and more opportunity to make our voices heard than ever before,” says Audrey Choi, head of Morgan Stanley’s Institute for Sustainable Investing. And collectively, we have the power to change the way companies and other institutions approach environmental, social and governance (ESG) issues. Finance, she says, “can be one of the most powerful forces for positive social change at our disposal – if we ask it to be. We have the power to make sustainable investing the new normal,” says Choi. Choi calls out the fable that many of us carry in our heads that if you care about environmental or social issues when you invest, you probably aren’t going to make as much money. To bust those myths, she cites studies showing that investing in companies with strong sustainability strategies can result in the same if not better returns than investing in those that don’t.