Invest in Sustainable Companies, Not Fossil Fuels
**I’m not an expert and this is not financial advice.**
This tool from Fossil Free Funds allows you to see how much of your money in mutual funds and ETFs is invested in fossil fuels.
I was surprised to see just how many fossil fuel investments there were in a couple of the mutual funds from the 401k with my old company. I wish I knew about this tool a few years ago and, like it suggests, spoken up about my desire for my company to offer sustainable investment options rather than silently venting to myself about how even a cleantech company didn’t provide their employees with clean options.
So although the personal investments I have are quite sustainable, I’m now starting the process of figuring out what to move these old 401k funds into. If you want to hear about where I end up putting them, let me know. One ETF I already have money in is “ETHO”, which you can learn more about here.
I invest for the long-term and, as someone who knows a thing or two about climate change, understand that our society has to be off or nearly off of fossil fuels by 2050. That’s why I see fossil fuel companies not only as an investment that misaligns with my values but one that is risky from a financial performance perspective. Their business model is not viable in a world that sustains life.
To learn more about sustainable investing and why it’s an all-around smart decision, check out my post and conversation with the founder of a sustainable investment management fund that has a mission to build the world’s best sustainable investing solutions.
Read other content from the “Take Sustainable Action” section or see all sections of the What on EARTH?! sustainability newsletter.
I believe reversing global warming is humanity’s #1 priority, so I write to help crowdsource more sustainability into the world. I do this for people. I do this so we can live in a healthier, safer, more prosperous, and more just society.