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Not politically correct, like those green funds, so environmentally friendly, or those no-war-investment funds.
"This is a pressure that traditional green funds cannot exert," says press officer Scott Mowbray.
Dark green funds categorically exclude companies that deal in unethical products or services.
"And, now attitudes are changing about climate change, the performance of these green funds are really improving.
Green funds are less about negative screening and focus instead on companies actively engaged in improving the environment.
The median return on such green funds in 2012, the institute concluded in a study, was 28percentt.
Similar(32)
Cash raised will be used to establish a green fund for schemes benefiting Ireland's environment.
If the green fund is launched, it may be the one clear success of the conference.
Discussions on the green fund were "going pretty well" at Durban, said Todd Stern, the US special envoy for climate change.
More funds will be made available to small businesses, for instance, including a "green fund" of combined private and public money to encourage low-carbon technologies.
They also called for £100m of new investment funding for the Revolving Green Fund 2, the pot of money available as loans for greening projects at universities.
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