Posts tagged Fossil Free Funds
The New York Times - Funds That Can Put Your Investments on a Low-Carbon Diet

Now there is a tool, the website Fossil Free Funds, that helps pinpoint funds and E.T.F.s focused on companies withsmaller carbon footprints. “There were 10 funds when we started that we identified as fossil-fuel free,” said Andrew S. Behar, chief executive officer of As You Sow, the Oakland, Calif., environmental group that created Fossil Free Funds. “Now it’s up to 31.”

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Is Carbon Hiding in Your Nest Egg?

That brings us back to the carbon that may be hiding in your mutual fund or 401(k). One of the pioneers in the divest/reinvest movement is the nonprofit foundation As You Sow, which works with shareholders to improve corporate accountability. It has developed a tool that finds the carbon in thousands of the most common mutual funds and retirement plans. It does the detective work instantly and cost-free with up-to-date data.

Using 401(k) retirement plans as an example, As You Sow’s explains “those funds can invest in a wide array of securities, and it’s not always easy for investors to investigate what’s inside the funds they own. You can spend hours poring over mutual fund prospectuses, and still not fully grasp everything your 401(k) is invested in. Your retirement money may be invested in economically and morally risky fossil fuel companies.”

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The carbon bubble: why investors can no longer ignore climate risks

“If what you read about stranded assets is true, it’s a potentially serious problem for regular, middle-class people who aren’t necessarily paying attention,” says Cari Rudd, a Washington DC-based communications consultant, who does social media work for Divest-Invest and sits on the board of As You Sow, an Oakland, California-based nonprofit that promotes environmental and social corporate responsibility through shareholder advocacy.

For example, As You Sow’s Fossil Free Funds, which uses data from Morningstar, is a free online tool that allows investors to type in the name or ticker of a fund and see what percentage is invested in fossil fuels. Earlier this month, the organization expanded Fossil Free Funds to include a feature that shows each fund’s carbon footprint and which companies are the main contributors. For 401k participants who don’t have direct control of selecting the funds offered in their retirement plan, As You Sow also provides advice on how to speak to their employers about expanding their company’s plan to include low-carbon options.

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