Environmental fund

Environmental fund

A mutual fund that invests strictly in stocks of companies that are environmentally friendly and/or have the goal of environmental betterment. The investors are trying to support and profit from opportunities related to the environmental movement.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Green Fund

A mutual fund that invests exclusively in securities in environmentally-friendly companies. Different green funds have different methodologies for determining what constitutes an environmentally-friendly company. Some may avoid certain industries (notably oil and gas) entirely, while others may look at the environmental records of particular companies. Each green fund describes its methodology in its prospectus. It is also called an environmental fund.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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Summary: California [USA], Aug 26 (ANI): Hollywood star Leonardo DiCaprio's new environmental fund with Laurene Powell Jobs and Brian Sheth has pledged USD 5 million towards the preservation of the Amazon rainforest as wildfires continue to ravage "the planet's lungs".
The National Environmental Fund is a grant and small scale projects can be funded to the tune of P100 000 to P500 000, medium P500 000 to P1 million and large scale projects from P2 million to P5 million.
Teves said that each barangay should be given a 5 percent environmental fund to buy recyclable materials from residents instead of selling them to others.
And the decision could lead to a payday for Halton Council, bringing in a possible extra PS586,500 to its Environmental Fund.

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