Funds must be compliant with The Divest-Invest Pledge:
Fossil Fuel ReservesExclude the 200 largest public-company owners of coal, oil and gas reserves worldwide by Gt CO2 (The Carbon Underground 200) — or, if substantially compliant, commit to exclude remaining such holdings within 3 to 5 years.
Coal-Fired Power PlantsExclude the 50 largest public-company owners of coal-fired power plants by Gt CO2 (Macroclimate 50) — or, if substantially compliant, commit to exclude remaining such holdings within 3 to 5 years.
Industrial Sustainability (including Clean Energy)If invested in key industrial sectors like energy and utilities, select or overweight the most sustainable companies while avoiding those that are average or below average. (Scoring Methodology) We also take into account financial considerations and other factors.
- Funds must be no load (no initial sales fees), have a Morningstar rating of Average (three of five stars) or better, and at least $5M of assets under management.
- Some funds may be included if substantially compliant — or presumed to be compliant — with deficiencies or unknowns noted.
- Specialized industry sector funds (e.g. water, cleantech, healthcare, consumer products) are not included as such funds are typically Fossil Free by definition.
- Broadly diversified funds are noted as such.