Fossil Fuel Divestment for Index Investors
Embracing the transition to a low carbon economy through responsible investing, we aim to provide broad market fossil free indexes to reduce environmental risk while managing portfolio risk.
Back in November 2012, Stuart Braman, adjunct associate research scientist at Lamont-Doherty Earth Observatory and former Managing Director at Standard & Poor’s, attended the New York City show on Bill McKibben’s “Do the Math” tour, which kicked off the Go Fossil Free divestment campaign. On the way home, he and his wife – long concerned about climate change – discussed divesting their retirement portfolio. Since they were index investors, he began looking for information on “fossil free indexes”. Six months of googling and lunches, drinks and phone calls, emails and Skype sessions didn’t turn up any activity on the fossil free indexes front, and in April 2013, Stuart established Fossil Free Indexes LLC and began to gather a team.
Former colleagues from S&P, DRI, and Reuters, with financial sector, risk management, product development, and intensive data analysis experience joined the team along with experienced investment analysts, forensic data analysts and social media experts looking for a way to make a contribution in the intersecting worlds of sustainable investing and fighting climate change.
Today, the team is well on their way to ensuring that when someone else looks for information on “fossil free indexes,” their own products and services will turn up quickly and prominently.