Stand.earth announces fossil fuel divestment of retirement funds

Stand.earth is pleased to announce its U.S. retirement funds are now fossil free.

The international environmental advocacy organization has worked closely with Carbon Collective to offer its U.S. employees a path to invest their retirement funds that aligns with the organization’s values. Stand’s current retirement assets total more than $2.8 million USD as of July 9, 2024. 

“As Stand.earth announces our commitment to invest our U.S. employees’ retirement funds in fossil-free funds, we recognize that a key sector of the divest-invest movement is driven by the longstanding and continuing leadership of climate organizations,” Stand.earth Associate Director of Climate Finance Amy Gray said. “We are proud to stand alongside other climate NGOs that are making the same commitment.” 

The Climate Center, Green America, Ecojustice and GreenFaith also join in taking important steps this week to live organizational values. Stand.earth calls on fellow climate organizations to announce their divestment from fossil fuels, and join the global total of over 1,630 institutions and over $40.76 trillion in assets. 

“All NGO organizations should announce a commitment to divest from fossil fuels, as it is imperative to address how their retirement and pension funds and cash accounts are invested,” Gray said. “This movement is a powerful force for change and we need to have as many climate organizations as possible live up to the values we hold of ending the reign of fossil fuels by committing their own organizations to divestment.”

Stand.earth is an international environmental advocacy group which coordinates the Climate Safe Pensions Network, working to de-risk pension funds and accelerate investments in socially just and equitable climate solutions.

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