Exchange-traded fund
iShares MSCI EAFE ETF
TickerEFA
Fund manager
BlackRock/iShares

Fossil fuel companiesare fueling the climate crisis.

Fossil fuel exposure of 10.19% places the fund in the F tier, between 9% and 100% exposure.

Methodology
F
Investments in major fossil fuel companies
Shell PLC
Carbon Underground 200Top 200 carbon reserves
$641.47 MILLION
BHP Group Ltd
Carbon Underground 200Top 200 carbon reserves
$427.78 MILLION
TotalEnergies SE
Carbon Underground 200Top 200 carbon reserves
$408.36 MILLION
BP PLC
Carbon Underground 200Top 200 carbon reserves
$321.24 MILLION
Glencore PLC
Carbon Underground 200Top 200 carbon reserves
$167.81 MILLION
Woodside Energy Group Ltd
Carbon Underground 200Top 200 carbon reserves
$144.06 MILLION
Fossil fuel holdings
Energy sector
Top 200 owners of carbon reserves
Top 200 owners of carbon reserves
Carbon Underground 200
26
holdings
$3.38B
invested
7.63%
of portfolio
Coal industry
Coal industry
Coal miners, coal services, owners of coal reserves
19
holdings
$1.54B
invested
3.47%
of portfolio
Oil/gas industry
Oil/gas industry
Oil/gas producers and refiners, oil field services and equipment companies, pipeline operators
35
holdings
$3.48B
invested
7.85%
of portfolio
Utility sector
Top 30 coal-fired utilities
Top 30 coal-fired utilities
Macroclimate 30
4
holdings
$251.72M
invested
0.57%
of portfolio
Fossil-fired utilities
Fossil-fired utilities
Utilities burning fossil fuels or distributing gas
33
holdings
$1.43B
invested
3.22%
of portfolio
  When calculating a portfolio's screen exposure, we only consider long investments, ignoring any shorts or liabilities.
All fossil fuel companies
59 holdings
59 holdings
  • 1. Shell PLC
    Carbon Underground 200Oil/gas industry
    $641.47M
    1.45%
  • 2. BHP Group Ltd
    Carbon Underground 200Coal industryOil/gas industry
    $427.78M
    0.97%
  • 3. TotalEnergies SE
    Carbon Underground 200Oil/gas industry
    $408.36M
    0.92%
  • 4. BP PLC
    Carbon Underground 200Oil/gas industry
    $321.24M
    0.73%
  • 5. Glencore PLC
    Carbon Underground 200Coal industry
    $167.81M
    0.38%
See all
Share to spread the word.
Business as usual is fueling climate destruction.
iShares MSCI EAFE ETF $EFA is 10% invested in fossil fuel stocks, with $4.52 BILLION invested across 59 equity holdings
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Financial performance
Performance data provided byMorningstarFind more financial data on EFA at Morningstar.com
Current fund
EFA
iShares MSCI EAFE ETF
Family
BlackRock/iShares
Category
Foreign Large Blend
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 8/31/22
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher
 10-yr returns 
0.59% more in annualized returns
Less invested in fossil fuels 
1.31% less invested
Lower carbon footprint 
43 tonnes CO2e/$1M USD lower
More invested in Clean200 
0.18% more invested
Current fund
EFA
iShares MSCI EAFE ETF
Family
BlackRock/iShares
Category
Foreign Large Blend
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 8/31/22
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher
 10-yr returns 
0.59% more in annualized returns
Less invested in fossil fuels 
1.31% less invested
Lower carbon footprint 
43 tonnes CO2e/$1M USD lower
More invested in Clean200 
0.18% more invested
Current fund
EFA
iShares MSCI EAFE ETF
Family
BlackRock/iShares
Category
Foreign Large Blend
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 8/31/22
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher
 10-yr returns 
0.59% more in annualized returns
Less invested in fossil fuels 
1.31% less invested
Lower carbon footprint 
43 tonnes CO2e/$1M USD lower
More invested in Clean200 
0.18% more invested
Month-end trailing returns  
Annualized returns
Climate analysis
1-yr
3-yr
5-yr
10-yr
Fossil fuel %
This fund
EFA - iShares MSCI EAFE ETF
-20.13%
2.25%
1.52%
4.89%
10% 
Benchmark
ACWX - iShares MSCI ACWI ex U.S. ETF
-19.95%
2.44%
1.43%
4.3%
12% 
Fund compared to benchmark
 
-0.18%
-0.19%
0.09%
0.59%
1.31%  lower
Find more financial data on EFA at Morningstar.com
What's next?
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Get started with our action toolkit
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