Connecting green experts to the people who need them.
Looking for a Green investment fund
We are rolling our 401k and have a goodly amount of money. Our financial planner handed us a fund he wanted to put our money in and I was appalled to see such horrible companies in the line up a Monsanto and Exxon/Mobile. Eek! I asked him to please research and see if there was a fund perhaps even based on a "report card" system of Fortune 500 companies that is based on social responsibility and definitely on their movement towards a sustainable business model. He could not think of one, and instead of him being the only one researching this I figured I too would throw out some feelers. Since I follow GR on twitter I thought this may be a good spot to throw out my first inquiry.
Obviously we don't want to lose money, but would like to place our investments with the top companies that are trying to move towards doing the right things, decreasing their footprint, being innovative, and making socially responsible choices with their employees domestically and especially abroad. So where do we start? I can't believe that we are the only ones who would like to take this approach.
Tags: green, investments, social
Replies to This Green Expert Q&A
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Permalink Reply by Zach Fried on -
Many so-called "ethical" funds have been under scrutiny for greenwashing, or its general equivalent for all things socially responsible. One good place to start may simply be renewable energy mutual funds or ETFs, such as PowerShares.
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Permalink Reply by Jamie on -
Great article. Alas that doesn't help me but makes me more jaded and leery about any funds out there. The only mid cap funds that even remotely come close that I have found thus far are from Calvert, and they are named in the article you linked to. (sigh)
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Permalink Reply by Alli ReauVeau on -
Look at Nucor Steel stock...they are by far the best "conscious" steel manufacturing facility in the USA. Do not be sold on other mills....I personally will share my knowledge of what is really green and what isn't...if that is of help to you.
Look at supporting us...yep...her's the plug. We could use your help...and though we can not offer you fortune 500 status or anything like it, we are a small business that is focused on one specific challenge...steel.
If you want to take a risk and look at a start-up let us know.
See my wish list on my profile here on this site.
Visit www.steeliq.com
Best of luck...investing.
Alli ReauVeau-President
602-618-9401
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