Our friends and long term Social(k) client, at As You Sow, have developed a mutual fund search tool identifying fossil fuel investments in mutual funds. The typical disclosures show top ten holdings. Going deeper into a funds investments is not easy. By identifying the Carbon Underground 200 the Filthy15 and other Oil & Gas companies, this search tool shows who you own and how much.
“We decided it was time for people who aren’t mutual fund experts to know how much of their retirement money was invested in unsustainable fossil fuel operations.” As You Sow
Fossil Free Funds is a new tool designed to:
Let you look up mutual funds
Analyze your investments for fossil fuel stocks
See how much exposure they have to various dirty industries
Source up-to-date financial data from Morningstar
If your retirement is invested in mutual funds:
Contact your financial advisor
Ask about alternative investments
Push your employer to provide fossil-free options
Your investments should align with your values.
401(k) retirement plans
For many of us, the majority of our investments are in 401(k) plans offered by our employers. These 401(k)s invest entirely through mutual funds and exchange-traded funds (ETFs). But 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. Use this 401(k) toolkit as a guide to offering fossil free options in your organizations retirement plan.
Social(k) works with multiple custodians, record keepers, TPAs and advisors who concentrate on offering a deep resource of ESG screened options. If your record keeper or provider is not able to add screened options, contact us at firstname.lastname@example.org
For more information on coal-free, sustainable retirement options,
Thanks to R. Paul Herman, founder and CEO of HIP Investor which rates 401(k) plans for fossil free and sustainability, for his assistance in writing this toolkit and to Rob Thomas of Social(k) and Timothy Yee of Green Retirement for reviewing it.
As You Sow
Go Fossil Free