Aligning investments with values, beliefs and objectives
ETHICAL INVESTING
The investment industry has evolved a lot in the past decade, and there is now a range of ethical and responsible investment options to suit every preference.
Savvy investors today know it is now possible to have their investments aligned with
their values, beliefs, and objectives.
What is ethical investing?
When managing these ethical investments, we use the term ‘ethical investing' or 'responsible investing’ to describe a broad-based approach to investing that factor in people, society and the environment without ignoring financial performance.
With a strong focus on performance and returns, investors can select businesses and industries that do not ignore, for example, the environment (e.g.: pollution/water scarcity/climate change), who support social issues such as involving local communities and prioritise their employees.
Investors can also take advantage of the greater transparency regarding a company's corporate governance which is important for gaining insight into important issues such as prudent management, business ethics and appropriate executive pay.
"As a senior financial planner at Phillips Wealth Partners, what I find most valuable is that responsible investing allows my clients to choose how their superannuation or savings is invested (e.g ethical super funds, ethical investment funds). Our clients can choose to avoid investing in industries they don’t like, while also supporting companies doing good or themes they are interested or knowledgeable in”. Craig Phillips.
There are many investment options that are reasonably low cost that give access for example to Australian-based and global businesses that are climate change and environmental leaders in industries such as transport, information technology, and healthcare.
Getting started
To start investing ethically, one approach is to consider an active index-style solution that actively screens out companies that are exposed to fossil fuels, gambling, tobacco, animal cruelty, and human rights issues.
Another approach is to screen in companies that are actively working to reduce greenhouse emissions in everyday life with solutions for residential homes and even office buildings.
Phillips Wealth Partners is a member of the Responsible Investment Association Australasia (RIAA) who have championed responsible investing for over two decades.
To learn more, please call us on 1300 10 22 33 or alternatively you can book a 15 min call at no cost via our website www.phillipswp.com.au
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