Investments offer a surprising opportunity to be environmentally friendly. Before you invest any money in a company, look into the ethical performance of the company. Make it a principle to only invest in companies that are not involved in anti-environmental activities such as animal testing; making deals with oppressive regimes; blatantly going against environmental regulations; armament trading and tobacco production.
Try and get as much proof from the company regarding their pro-environment programs. Companies should be transparent regarding these activities and should not hesitate to furnish proof to investors. When in doubt, don’t invest.
However, do keep in mind that no company can be perfect. Everybody has different ethical standards and companies may indulge in some activities that you may object to but somebody else may not. Ethical investment then becomes a purely individual approach. You have to set your standards about what is acceptable and what is not. Then go ahead and only invest in companies that support your beliefs.
For further help and support on this issue, you could go to The Ethical Investment Research Service (EIRIS). This non-profit organization provides investors with the necessary information that can help them decide which company is most ethically suitable depending on their individual beliefs.
Presently, the worldwide market is experiencing a deluge of green financial products such as green fund offerings and green credit cards, which offer investors a perfect platform for making eco-friendly investments. Some of the biggest banking institutions and corporations worldwide are devising innovative green products and utilizing natural resources with the aim of luring the eco-friendly investor. Realizing the potential of socially responsible investments, financial services institutions now offer funds that are environment- friendly.
A new law that was passed in July 2002 requires occupational pension providers to disclose ethical and environmental information relating to their various schemes. This also means that anyone can request and have access to a company’s ethical actions and programs.
On of the major issues regarding ethical investment is how much of the financial performance is directly related to environmental considerations. An Ethical Investment Research Service (EIRIS) survey that was conducted recently revealed that a majority of 75% of people strongly felt that their pension fund should compulsorily operate within ethical limits and policies.
However, ethical standards have changed a lot and the present day definition of ethical differs greatly from that of yesteryear. People are slowly coming to accept the fact that a perfect company does not exist in reality and each individual is responsible for setting his own ethical standards and deciding what is acceptable and what is not.
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