BETTER WORLD CLUB NEWS

5 Green Mutual Funds and Other Green Investment Options

Plant a green seed today.  Retire to a more beautiful tomorrow.

Do you invest your money as part of your financial portfolio?  Do you want to?  Why?

Are you dreaming of a carbon neutral kayaking adventure to a beautiful island in the Caribbean where you’d paddle to the perfect spot on a trash-free beach, lay back on a sustainably harvested driftwood lounge chair, and look out across the clear blue-green waters of the ocean casting itself gently upon the endless white-sand beach, a fair wage-earning server smiling brightly as he/she/gender-non-specific leans over to hand you an organic Mojito (no plastic straws, please - this is a perfect dream)?  Ah, the Green Dream. 

Not interested in complex-sentence dreams?  Maybe you are more concerned about the simple comforts of long-term financial security, or you are saving toward the start a business.  Have you ever considered the power your investment dollars have on the shape of our business and industrial (and thus environmental) landscape?  If not, you should.

Think about how nice it would be to invest your money in ways that won’t blacken your dreams by pumping investment dollars into energy companies that thrive through environmental degradation?  Think about how nice it would be to have your nest egg grow though positive investments.

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.

Our partner Green America is working along with 350.org on a national Go Fossil Free divestment campaign. Each financial services companies below is a certified member of Green America’s Green Business Network® and can help you divest from fossil fuel companies and invest in fossil-free options.

MUTUAL FUNDS

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.

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.

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)

Asset 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.

 

RETIREMENT PLATFORMS

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

·         Capital Intelligence Associates -- We are a Southern-California-based full-service financial planning firm specializing in multi-generational wealth management and socially responsible investing. We can develop fossil-fuel-company-free portfolios for both individual and institutional clients.

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.

  • 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.
  • Progressive Asset Management, 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. 

·         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

Pax World Funds

Calvert Asset Management

The Sustainability Group

Clean Yield Asset Management

Trillium Asset Management

Krull & Company

Walden Asset Management

Legg Mason Investment Counsel

Washington Square Capital Management

North Sky Capital

Zevin Asset Management

 

 

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.

Source:

http://www.greenamerica.org/fossilfree/

http://blog.greenamerica.org/2013/02/15/climate-morality-fossil-fuel-divestment/

Kicking Asphalt

This article is from Better World Club's monthly eNewsletter, Kicking Asphalt. To receive Kicking Asphalt in your inbox, subscribe today!


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