In researching climate/environment-friendly investments, I’ve come across a few websites that you might find helpful, especially if you want to put your money where your values are:
Fossil Free Funds
Are your savings invested in fossil fuels? You can easily check a mutual fund or
ETF on this website. You can also search for climate-friendly funds using this
site’s screening function. Here’s the link: https://fossilfreefunds.org/
There is a multitude of climate-friendly SRI (socially responsible investing) mutual funds
and ETF’s being offered by investment brokers. You may wish to consider the following
funds that have high SRI ratings and low expenses. Ticker Symbols: PRBLX, SUSA,VFTAX/VFTNX, SDGA, & PORTX.
If you would like an investment manager to build a balanced portfolio of stocks and bonds
based on your individual criteria, there are many commendable asset management services that specialize in ESG (Environmental/Social/Governance) investing. Here’s one to consider:
Betterment* is an investment portfolio management service that provides socially
conscious investment opportunities. Based on your primary area of interest, you select
from one of the following three core portfolios: 1.) Climate Impact Portfolio 2.) Social Impact Portfolio or 3.) Broad Impact Portfolio. The Climate Impact Portfolio seeks to integrate three distinct approaches to climate-conscious investing through:
- Divestment (i.e. excluding companies holding fossil fuel reserves)
- Low carbon exposure (i.e. overweighting carbon footprint leaders within each industry)
- Impact (i.e. financing environmentally beneficial activities directly)
This SRI (Social Responsibility Investing) firm has 550,000 customers and $22 billion under management. For more information, check out this link (and watch the video on this page):
Please note there are many other climate-focused portfolio management firms.
Municipal Solar Power Purchase Agreements
Barrington Power LLC offers subscriptions to their mid-sized solar projects throughout
the state. The minimum investment is $25k. Investors receive a 110% investment income tax credit. Contact MCL for more information.
And should you like to chit-chat about investing strategies for retirement, please don’t hesitate to contact Mark Longley anytime at (603)284-6294.
* DISCLAIMER: SCAC does not attest to positive outcomes for any investment recommendations Made here. Invest at your own risk.