Green Options

Leading the way for other mutual funds, Green Century Balanced Fund released a report on its carbon footprint today. The analysis was independently conducted by Trucost, a leading environmental data and analysis firm. According to the report, the carbon intensity (or carbon emissions per million dollars of revenue) is two-thirds lower than that of the S&P 500(r) Index. Green Century Balanced Fund is also leading other sustainability and socially responsible investment funds, according to the report. Trucost has analyzed sixteen other investment funds who are dedicated to sustainability and social responsibility, and Green Century Balanced Fund’s carbon footprint is almost half the average of these funds.

Why is Green Century Balance Fund’s carbon intensity so low?

The India’s stand that the current climate change negotiations under the auspices of UN Framework Convention on Climate Change (UNFCC) are being skewed in favor of of the industrialized nations got another shot in the arm this week. Purported pre-release of a McKinsey report projects that India will continue to be one of the LEAST Carbon Intensive countries in the world despite an economic growth rate of 7.5%. This second endorsement follows the recent report  by the World Bank saying that India is right in resisting the mandatory emissions reduction.

Picture: A Coal Man in Mysore (India)