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We can make a US clean-energy economy a reality by refusing to invest in companies that are destroying our planet. Instead, we can shift our investment dollars into clean energy, and support public policies that move us away from fossil fuels.
Green America is proud to partner with 350.org on the national Go Fossil Free divestment campaign. The financial services companies below, certified members of our Green Business Network®, can help you divest from fossil fuel companies and invest in fossil-free options.
Find out more from our Green American magazine, and from our Guide to Fossil Fuel Divestment (and Clean-Energy Reinvestment), at right.
Broad-Based Mutual Funds That Exclude Fossil-Fuel Companies by Policy
Green Century Balanced Fund -- This fund excludes fossil-fuel companies, and in 2009 became the first fund to release a carbon-footprint report of its holdings: 66 percent smaller than the S&P 500.
Green Century Equity Fund -- As of April 1, 2014, the Equity Fund is fossil-fuel-company-free. The fund already excluded coal and oil companies; Green Century has now screened out natural gas.
Portfolio 21 -- Portfolio 21 pursues a company-wide strategy of screening out investments in fossil fuel companies. A searchable list of its holdings appears on its Web site.
Shelton Green Alpha Fund -- Green Alpha Advisors believes that fossil fuels disrupt the economy and its underlying ecosystems, do not represent solutions, and have no place in Green Alpha portfolios.
Clean-Energy-Focused Fossil-Free Mutual Funds
Pax World Global Environmental Markets Fund -- While excluding fossil fuels, this fund also invests in clean energy and energy efficiency, pollution control, waste management, and water infrastructure.
Community-Development Mutual Funds (Also Fossil-Free)
Access Capital Community Investment Fund -- Because of this fund's focus on community investing, it is not invested in fossil fuel companies.
CRA Qualified Investment Fund -- The CRA Fund focuses on community development, including affordable housing, job creation, and neighborhood revitalization.
EXCHANGE TRADED FUNDS
|First Trust ISE Global Wind Energy
|PowerShares Global Clean Energy ETF|
|Guggenheim Solar ETF||Van Eck Global Alternative Energy ETF|
|Van Eck Solar Power ETF
RETIREMENT INVESTMENT OPTIONS
Social(k) offers over 500 Environmental, Social and Governance (ESG) screened funds and ETFs (exchange traded funds) alongside thousands of traditional investment options. Included in the list are funds that are free of fossil fuel companies, either by policy or practice: Portfolio 21, Green Century Balanced, Shelton Green Alpha Fund, Pax World Global Environmental Markets Fund and the CRA Qualified Investment Fund. We work in association with many of the advisory firms across the country. If you are interested contact your financial advisor or Socialk.com. More info at www.blog.socialk.com and www.facebook.com/Socialkretirementplans
FINANCIAL PLANNERS & INVESTMENT CONSULTANTS
Capital Intelligence Associates --
We are a Southern-California-based full-service financial planning firm specializing in multi-generational wealth management, philanthropic planning, and socially responsible investing. We can develop fossil-fuel-company-free portfolios for both individual and institutional clients.
Encore Wealth Advisors --
We are helping to solve the climate crisis by supporting individuals, families, non-profits and small businesses in divesting of fossil fuel investments. We accomplish this by offering a values based wealth management process, utilizing fossil free investment portfolios, that helps clients achieve their financial, social and environmental goals.
With 25 years of experience serving Green America members with their social investing needs, First Affirmative and its nationwide network of 100 associated advisors can develop fossil-free portfolios using mutual funds, exchange traded funds, and individual securities as appropriate to your needs.
Horizons Sustainable Financial Services offers a line of well-diversified, zero-carbon energy mutual fund portfolios with no exposure to any companies directly involved in the production of fossil fuels. The portfolios are built on a “sustainable, responsible, impact” (“SRI”) investing foundation, using mutual funds from SRI industry leaders.
Since 1987 PAM Inc has been providing social screening to members of the PAM Group, the socially responsible division of Financial West Group. Advisors in the PAM Group can create a fossil free portfolio utilizing stocks, bonds, mutual funds and ETFs to meet the needs of any client.
The SRI Wealth Management Group of RBC Wealth Management provides customized investment solutions that help clients achieve financial and value-based objectives. With $1.3 billion AUM, SRI Wealth Management Group works with investors to implement client-specific Environmental, Social, Governance and Impact preferences throughout their asset allocation. RBC Wealth Management, a division of RBC Capital Markets, LLC, Member NYSE/FINRA/SIPC.
Quantum Financial Planning, LLC --
Providing hourly, fee-only financial planning since 2005. We can assist investors interested in fossil-free investing using methodology based on the book “Low Fee Socially Responsible Investing, Investing in Your Worldview on your Terms,” published by Tom Nowak in 2012.
ASSET MANAGEMENT FIRMS
The following asset management firms are able to assist higher-net-worth individuals in establishing customized fossil-free portfolios upon request. They may also help you shift the assets of your house of worship, university, or pension plan.
|Boston Common Asset Management||North Sky Capital|
|Calvert Asset Management||Northstar Asset Management, Inc.|
|Clean Yield Asset Management||Pax World Funds|
|First Affirmative Financial Network||The Sustainability Group|
|Jantz Morgan LLC||Trillium Asset Management*|
|JPS Global Investments||Veris Wealth Partners|
|Krull & Company||Washington Square Capital Management|
|Legg Mason Investment Counsel||Zevin Asset Management|
*Trillium Asset Management offers two fossil-fuel-free separate account strategies, “Fossil Fuel Free Core,” and the “Sustainable Opportunities Portfolio,” which invests in green solutions, economic empowerment, and healthy living.
Support the Creation of Clean Energy Victory Bonds
We need more opportunities for investment in U.S. renewable energy development and in energy efficiency. Join Green America in calling for Clean Energy Victory Bonds today! This proposed U.S. Treasury bond would support solar, wind, geothermal, efficiency, electric vehicles, and other important energy measures that create good jobs. Join the thousands of Americans who have pledged to the buy the bond so we can show Congress there is broad public demand for creating a clean energy future! Visit www.CleanEnergyVictoryBonds.org.
All registered investment advisors and their representatives have an affirmative duty to act in the best interests of their clients, and the heirs, assigns and beneficiaries of those clients. Aspects of fiduciary duty, particularly as relates to retirement plans regulated by the Department of Labor (DOL) under ERISA legislation, have not yet been fully defined by the Securities and Exchange Commission (SEC), DOL or the courts as relates to securities screening decisions that may affect the risk and/or return of an investment portfolio. When implementing fossil-free portfolios, advisors may provide additional disclosure information about risk, returns and other factors, and may request additional documentation from the client to support their investment recommendations.