Green Century Launches Animated Fossil Fuel Free Investing Video
Green Century Capital Management has launched an animated fossil fuel free investing educational video and outreach program to educate the public and reach potential investors who are interested in moving their investments out of fossil fuel companies for moral and financial reasons. The video shows a family who cares about the planet and already takes action against global warming by using more energy-efficient light bulbs and signing petitions, yet without realizing it, might be financing the very companies that are fueling climate change—resulting in damaging storms and wildfires – through their mutual fund investments. You can watch the video here. …
San Jose Mercury News: Individual Investors Begin to Divest from Fossil Fuel
The San Jose Mercury News recently ran an article about the growing fossil fuel divestment movement. Dana Hull writes: “It’s impossible to track with accuracy how many individual investors have joined the effort, or how much money has been moved out of fossil fuel companies due to privacy issues regarding individual portfolios. But financial advisers say they are hearing from more clients who are at least taking a deeper look at their investments. ‘It’s coming up a lot in conversation,’ said Will Lana, a senior vice president at Trillium Asset Management, a Boston-based firm that is the oldest independent investment …
NY Times: Foundations Band Together to Get Rid of Fossil-Fuel Investments
The New York Times recently published an article about the increased attention that foundations are giving their fossil fuel investments. Diane Caldwell writes: “Seventeen foundations controlling nearly $1.8 billion in investments have united to commit to pulling their money out of companies that do business in fossil fuels, the group plans to announce on Thursday. The move is a victory for a developing divestiture campaign that has found success largely among small colleges and environmentally conscious cities, but has not yet won over the wealthiest institutions like Harvard, Brown and Swarthmore. But the participation of the foundations, including the Russell …
Portland Press Herald Op-Ed: Getting Out of Fossil Fuel Investing a Wise Approach for State
On January 9, 2014, Maine’s Portland Press Herald published an Op-Ed column, written by Trillium’s Senior Vice President Stephanie Leighton, in which she makes the arguement that fossil fuel free investing is an investment approach worth exploring. Stephanie’s column is reprinted, in full, below: “On Thursday, Maine’s Joint Standing Committee on Appropriations and Financial Affairs will hear testimony on whether the state of Maine should divest itself from the fossil fuel industry. I have 31 years of investment experience, and I will testify in support of the bill, L.D. 1461. Bill McKibben, the co-founder of 350.org, says, quite succinctly, “If …
Dear Reader: Summer 2013
Matt Patsky, CFA, CEO, Trillium Asset Management In the past year or so, following Bill McKibben’s compelling Rolling Stone article, Global Warming’s Terrifying New Math, there has been a renewed focus on this issue of climate change in the Sustainable and Responsible Investing (SRI) industry. There is broad consensus that our planet is warming and that humans, through the burning of fossil fuels, are significant contributors. In 2009, 167 countries signed the Copenhagen Accord, agreeing that, in order to prevent catastrophic environmental damage, actions must be taken to prevent the temperature from rising more than 2 degrees Celsius. It is …
Sterling College: Aligning Our Investments with Our Values
Matthew Derr, President, Sterling College: July 2013 Founded in 1958, Sterling College is a leading voice in higher education for environmental stewardship and the liberal arts, located in Northern Vermont. Sterling was among the first colleges in the United States to focus on sustainability and environmental stewardship through academic majors in Ecology, Environmental Humanities, Outdoor Education, and Sustainable Agriculture. We believe that colleges and universities across the United States have an obligation to speak out on the critical environmental and social issues facing our country. Recognition of the calamitous effects of climate change is directly linked to the educational mission …
On-Demand Webinar: Is It Really Possible to Have a Fossil Fuel Free Investment Portfolio?
On June 4, 2013, Trillium Asset Management (Trillium), along with 350.org and Green Century Capital Management, hosted a webinar: Is It Really Possible to Have a Fossil Fuel Free Investment Portfolio? While traditional investment firms are just now grappling with the concept of Fossil Fuel Free investment, Sustainable and Responsible Investing (SRI) pioneers like Trillium and Green Century have been on the forefront of clean energy and environmental investing for decades.Trillium is the sub-advisor for Green Century Balanced Fund (Ticker: GCBLX). 350.org is an international campaign dedicated to the climate solutions that science and justice demand. 350 is named after …
Fossil Fuel-Free Investing at Trillium
The frequency and severity of extreme weather systems continues to impact the lives of people around the globe and increasingly in our own communities. Following Hurricane Sandy, many investors are becoming acutely aware of the presence of fossil fuel companies in their own portfolios. It seems clear that climate change is no longer solely a threat to future generations. The damage to the environment, economy, homes, and lives is happening today. The Trillium-managed Green Century Balanced Fund (Ticker: GCBLX) has been fossil fuel-free since 2005. In 2008, Trillium launched its Sustainable Opportunities strategy, which has been fossil fuel-free since inception. …
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