Fossil-Free Financial Portfolios Up 50 Percent from 2013
The number of investment professionals in the US offering fossil fuel-free portfolios to investors jumped by more than 50 percent over the past year — from 22 percent to 36 percent, according to a new survey by First Affirmative Financial Network.
The 2014 Fossil Fuels Divestment Survey found that 76 percent of respondents believe that there are growing risks associated with investing in fossil fuel extractors/manufacturers. Nearly half (49 percent) of survey respondents say institutional investors are interested in fossil fuel-free investing. And 62 percent responded that retail investors want fossil-free investing choices.
Many more survey respondents (56 percent) are concerned about “stranded asset” risks to investors created by climate change than those who are not (14 percent). Fewer than one-in-three (30 percent) either don’t know or are unsure about this “carbon bubble” risk.