As discussed in the last post, ESG criteria is a way to evaluate your investments and establish if they are aligning with your values. One example of a well-established performing ESG Fund is Pax Ellevate Global Women’s Leadership Indv Inv (PXWEX). The Pax Ellevate Global Women’s Leadership Fund has the longest track record of any gender lens fund in the United States. Part of their mission is “we make better decisions if we are diverse and inclusive. All voices are welcome and all voices are heard. We aspire to a dynamic culture that embraces change and inspires the evolution of new ideas.” These are the values explained in the “S” of ESG investing to communicate the importance of diversity and emphasis on valuing all cultures and ideas. Looking at the Portfolio feature in Morningstar, you can look at any fund and see how it is rated. For PXWEX, the sustainability rating is a 9, the ESG Breakdown scores are low, and the Carbon Metrics show a low carbon footprint. This is a tool we use to evaluate funds and you can too at morningstar.com or set up a consultation today to discuss this.

Jack Schniepp is a CERTIFIED FINANCIAL PLANNER™ (CFP®, ChFC®), financial advisor and the owner of Cascade Financial Strategies. CFS is a registered investment advisor licensed in Oregon, California, Washington, Arizona and Idaho. They specialize in socially responsible investing which integrates environmental, social, and corporate governance (ESG) criteria into portfolio construction.

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