Green fund

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.

Green fund.

A mutual fund that selects investments based on a commitment to environmental principles may be described as a green fund.

Not all green funds stress exactly the same values. A fund that seeks environmentally friendly businesses -- say those that use alternative fuels -- may not be concerned about what those companies manufacture.

Another fund may avoid any company in what it considers an unacceptable industry, despite the company's individual environmental record. In every case, the fund's approach is described in its prospectus.

References in periodicals archive ?
Al Tayer also talked about the launch of the AED100 billion Dubai Green Fund that encourages green investment and fosters green growth.
The bank was awarded for commercial lending for projects by financing Strathmore University in 2014 through a Green Fund at concessionary rates to secure the largest rooftop photo voltaic power plant.
Accordingly, our investment in disruptive technologies and the launch of the world's first sharia compliant Green Fund are testimony to DEWA's commitment to the aspirations of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai.
This round of investment was led by US-China Green Fund with co-investment from Banyan China Capital.
Dubai has also launched a green fund to raise Dh100 billion as part of its long-term investment strategy in renewables.
Summary: The first day of the event saw a focus on young people and the launch of a mega green fund
The World Green Economy Summit set to take place today and tomorrow will set out the first of a series of investments being made under the 100 billion UAE dirham ($27 billion) Dubai Green Fund, according to the chief executive of Dubai's Electricity and Water Authority, Saeed Al Tayer.
Societe de transport de Montreal has acquired these vehicles with financial support from the Green Fund of the Government of Quebec.
The World Bank (WB) has agreed to finance solar power projects from its Green Fund in an effort to improve the energy mix in Pakistan.
A workshop organised on November 16, 2016 brought together leaders of stock exchanges and regulators from the African financial markets, leaders of the London Stock Exchange and the Luxembourg Stock Exchange around several experts of the United Nations and The International Finance Corporation (IFC), Green Fund managers and representatives of investor associations.
The approval was given on the PM directive to also enable Pakistan access $ 100 billion Global Green Fund.
In comparison, the Climate Green Fund, which works within the UNFCCC, has gained only $10-billion in pledges from developed countries to help poorer countries mitigate and adapt to climate change.