How can I make an environmentally ethical investment? I’ve been looking for a mutual fund without oil shares.
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Ethically responsible investing (or socially responsible investing) can refer to either investing in companies or funds that exclude certain industries – for example, armaments, tobacco or environmental hazards – or it may refer to companies that have certain standards or guidelines around the environment, gender diversity or other areas.
As part of The Masters of Money, Rob Carrick gave his take on the case for ethical investing. He points out that ethical investing involves work to find an investment that meets both your financial needs and ethical concerns – it’s important to diversify, for example, choosing investments in more than one sector.
Watch this video for an overview of socially responsible investing.