Survey: Majority of Investors are Interested in Fossil Fuel-Free Portfolios

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Source: http://www.instituteforenergyresearch.org/energy-overview/fossil-fuels/

According to the First Affirmative Financial Network’s Fossil Fuels Divestment Survey, over half of sustainable, responsible, impact (SRI) investment industry professionals say that retail investors (65 percent) and institutional investors (53 percent) are currently expressing interest in fossil fuel-free portfolios in the face of growing signs of climate change.

This online survey was conducted by First Affirmative Financial Network between April 22 and May 8, 2013 in anticipation of the 24th annual SRI Conferenceto be held in October. This survey was completed by 466 licensed investment professionals, asset managers, investors, and representatives of SRI investment companies, community development financial institutions, and social research/proxy voting organizations. This survey also found that 77 percent of SRI industry professionals see growing risks for investors associated with fossil fuel company holdings in their investment portfolios and that 30 percent of those already do or are getting ready to offer fossil fuel-free portfolios to investors. President of First Affirmative, Steve Schueth, said “Fossil fuel-free investing is already becoming a nationwide movement, and it likely to gain momentum as the impacts of climate destabilization are felt far and wide.” In addition, the survey found that 67 percent of respondents believe that 2013 is the right time for investors to assess and perhaps alter their approach to investing in traditional energy companies. Fossil fuel-free investing is one of the SRI industry’s current big issues; you can find all of the survey findings here: http://216.30.191.148/sricfossilfuelsurvey.pdf.

Source: New Release- SRI PROFESSIONALS SURVEY: MAJORITY OF RETAIL, INSTITUTIONAL INVESTORS INTERESTED IN FOSSIL FUEL-FREE PORTFOLIOS

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