Mutual funds ranked by carbon footprint
“The funds with the lowest carbon footprints tend to exclude investments in relatively carbon-intensive sectors. The fund with the smallest carbon footprint at 40 tCO2-e/$ million (Financial Select Sector SPDR Fund) excludes the Basic Resources, Oil & Gas and Utilities sectors. The iShares FTSE/Xinhua China 25 Index Fund, which invests in carbon-intensive coal-fired utilities in China, has the largest carbon footprint at 1,549 tCO2-e/$ million.” Source: Carbon Counts USA
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