Green America: Growing the Green Economy for People and the Planet

Go Fossil Free

We can make a US clean-energy economy a reality by refusing to invest in companies that are destroying our planet. 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. Here's how to get started:

  1. Divest Your Fossil Fuel Company Holdings: Sell any holdings in the top 200 companies with the most fossil fuel reserves. If you are invested in mutual funds, switch to fossil fuel free funds and urge your fund companies to offer fossil fuel company-free options. To ensure your portfolio remains balanced and geared toward your financial goals, work with a financial planner or management firm (below) that understands the importance of fossil fuel company divestment.
  2. Make Your Banking & Credit Cards Fossil-Free: Many conventional mega-banks invest in fossil fuels. You can bank with a community development bank or credit union that is fossil fuel company-free and that helps local communities prosper. Visit www.BreakUpWithYourMegaBank.org for information on switching your accounts. If you use a credit card, be sure it is from a community development credit union that supports people and the planet. Visit www.TakeChargeofYourCard.org for information on green credit cards.
  3. Reinvest in a Clean Energy Future: There are a growing number of investment products that are free of fossil fuel companies and support clean energy investment and efficiency. Use the list of financial services companies below to find funds, certificates of deposit, ETFs, and service providers who can help you create a portfolio that meets your needs. Most of the companies are certified members of our Green Business Network®.
  4. Learn more about divesting your money from fossil fuels:

    * Green American magazine, "Putting the Big Squeeze on Big Oil, Coal, & Gas"
    * Guide to Fossil Fuel Divestment (and Clean-Energy Reinvestment)
    * Three Reasons Divestment Could Change the World
    * Clean Energy Victory Bonds

    ▼ Mutual Funds

    ▼ Broad-Based Mutual Funds That Exclude Fossil-Fuel Companies by Policy

    Green Century Balanced Fund Green Century

    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 Green Centruy

    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.

    Parnassus Endeavor Fund Parnassus Endeavor Fund

    Formerly known as the Parnassus Workplace Fund, effective May 1, 2014, the fund will no longer invest in companies engaged in the extraction, exploration, production, manufacturing or refining of fossil fuels.

    Pax World Growth Fund PAX

    As of May 1, 2014 the fund divested its fossil fuel holdings and will pursue a fossil fuel-free investment strategy. Fossil fuel company investments will be replaced by investments addressing global sustainability challenges.

    Portfolio 21 Portfolio

    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 Portfolio

    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 Enviromentals Markets Fund PAX

    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 (Fossil-Free)

    Access Capital Community Investment Fund Asset

    Because of this fund's focus on community investing, it is not invested in fossil fuel companies.

    CRA Qualified Investment Fund Asset

    The CRA Fund focuses on community development, including affordable housing, job creation, and neighborhood revitalization.

    ▼ Exchange Traded Funds

    ▼ Certificates of Deposit

    New Resource Bank Impact CD PAX

    This CD includes investment in solar and alternative energy sources.


    Self Help Credit Union CD PAX

    This CD includes investment in renewable energy projects and businesses as well as energy efficient affordable homes.

    ▼ 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.

    http://www.capintelligence.com/new/Capital-Intell/content.asp?contentid=2017927476

    ▼ 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.

    www.encorewealthadvisors.com

    ▼ First Affirmative Financial Network

    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.

    http://www.firstaffirmative.com/

    ▼ Horizon Sustainable Financial Services

    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.

    http://horizonssfs.com/

    ▼ Natural Investments

    Natural Investments launched a Fossil-Fuel-Free Portfolio in January 2013, which also excludes tobacco, alcohol, military contractors, firearms, gambling, and nuclear power, while specfically including clean technology and renewable energy.

    naturalinvesting.com

    ▼ Newground Social Investment

    Newground manages money for organizations and individuals of means who seek positive change without sacrifice to financial performance. We link values with dollars in ways that create beneficial social, financial, and environmental outcomes.

    http://www.newground.net/

    ▼ Progressive Asset Managements, Inc.

    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.

    http://www.progressiveassetmanagement.com/

    ▼ 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.

    http://www.quantumfinancialplanning.com/

    ▼ SRI Wealth Management Group of RBC Wealth Management

    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.

    https://www.rbcwmfa.com/sri/

    ▼ StakeHolders Capital

    StakeHolders Capital is a full service wealth management firm committed to integrating our clients’ values with their financial goals. StakeHolders Capital is proud to be a leader in sustainable, community and impact investing.

    http://www.stakeholderscapital.com/

    ▼ 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.

    Arjuna Capital*

    Boston Common Asset Management

    Calvert Asset Management

    Clean Yeild Asset Management

    First Affirmative Finanacial Network

    Jantz Management LLC

    JPS Global Investments

    Krull & Company

    Legg Mason Investment Counsel

    Newground Social Investment

    North Sky Capital

    Northstar Asset Management, Inc.

    Pax World Funds

    The Sustainability Group

    Trillium Asset Management**

    Veris Wealth Partners

    Walden Asset Management

    Washignton Square Capital Management

    Zevin Asset Management

    *Arjuna Capital offers two fossil-fuel-free account strategies: "Arjuna 350," for domestic core equity, and "Highwater Global," a high sustainable impact global equity fund.

    **Trillium Asset Management offers two fossil-fuel-free account strategies, “ Fossil Fuel Free Core ,” and the “ Sustainable Opportunities Portfolio ,” which invests in green solutions, economic empowerment, and healthy living.




    GAM 92 FREE: Guide to Fossil Fuel Divestment (and Clean-Energy Reinvestment) »

    Guide to Fossil Fuel Divestment

    There are both moral and financial reasons for investors to reallocate their assets from oil and gas and into clean energy,” says Elizabeth Glenshaw, a portfolio manager for Clean Yield, a sustainable asset management firm. We absolutely agree. Pulling our investments from dirty energy and reinvesting in a clean energy future is an ethical decision we all can make, for our children and grandchildren and for the future of the planet we all share. Read our guide and learn how to divest!



    Putting the Big Squeeze on Big Oil, Coal & Gas

    Big Squeeze on Big Oil

    In the 1980s, the financial industry said that divesting from companies doing business in South Africa was unreasonable. But people of conscience who didn't want to profit from oppression divested anyway. Fast forward to 2013. Read our issue about the global impact where government is failing to lead, and where people of conscience may choose to divest -- the climate crisis.


    Three Reasons Divestment Could Change the World

    Divestments

    At the end of 2012, Bill McKibben called on students to divest their university endowments from fossil fuels companies. The response has been enthusiastic and impactful, with students and beyond campuses. This campaign has the potential to change the face of the fight against climate change. Read how divestment could change the world and about the leaders spearheading the movement.


    Support the Creation of Clean Energy Victory Bonds

    CEVBs

    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!

     



    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.

     

     


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