Loophole in the Ozone Layer: the Varying Shades of 'Green' Mutual Funds

Labeling money market vehicles ‘fossil-free’ without living up to the promise is a problem for brands concerned about greenwashing

Environmentally conscious investors seeking to “do well by doing good” are shifting their money to funds that promise “fossil-free investing.” But their good intentions are often thwarted by mischaracterizations in prospectuses and marketing materials.