If you want fossil-fuel-free funds, check out this site run by shareholder advocate As You Sow. It also rates funds that own companies that finance and insure the fossil fuel industry. Read More →
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Republicans are on a “crusade” against responsible investing, says Andrew Behar, CEO of the nonprofit group As You Sow that promotes corporate responsibility through shareholder advocacy. His group was subpoenaed to testify before the House Judiciary Committee this week as Republicans probe whether investments that take into account environmental, social and governance (ESG) concerns violate antitrust laws. Read More →
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"If a fund says it will avoid fossil fuel producers, many investors may not be pleased if those stocks show up in the portfolio," says Andrew Montes, director of digital strategies at As You Sow, a nonprofit shareholder advocacy group that grades ESG funds on their sustainable practices. Read More →
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“No one is looking at the actual holdings. They’re not looking at the flow of capital. They’re looking at the label,” said Andy Behar, CEO of As You Sow. “If they renamed all their ESG funds … that would probably make the people in Texas and the red states happy.” Read More →
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“There are layers of intermediaries [in 401ks],” says Andrew Behar, CEO of As You Sow, an ESG shareholder advocacy group. Read More →
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“As You Sow and the shareholders we represent believe that corporations need to disclose greater detail about their policies and practices to include material environmental, social, and governance” data, Behar said. Read More →
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“There’s a fundamental problem, which is the SEC allows you to name funds that don’t necessarily reflect what’s inside the fund,” said Andrew Behar, CEO of As You Sow, a nonprofit shareholder advocacy group. Read More →
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As You Sow, a non-profit focusing on corporate social responsibility, offers an online tool that compares where funds rank with regard to criteria such as deforestation, fossil fuels, gender equality, guns, weapons, tobacco and prisons. Read More →
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It may not be readily apparent how a fund incorporates ESG factors into its strategy. Take the BlackRock U.S. Carbon Transition Readiness ETF, which attracted $1.25 billion of investor dollars when it launched in mid April. “The people who invested in that fund thought they were addressing climate risk,” says Andrew Behar, CEO of shareholder advocacy nonprofit As You Sow. “Instead they got business as usual,” he says, including energy and fossil fuel giants. Read More →
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