Investments can be considered socially responsible for a number of reasons. These could be because of the nature of the business the company conducts but also how companies conduct their business. Common themes for socially responsible investments include avoiding industries (such as gambling, alcohol, or firearms) and seeking out companies engaged in environmental sustainability and alternative energy/clean technology efforts. Companies that treat their employees and suppliers fairly or sources it's supplies in an environmentally sustainable manner, could also qualify as Socially responsible investments.
"Socially conscious" investing is growing into a widely-followed practice, and there are a growing number of funds and pooled investment vehicles available for retail investors. Mutual funds and unit trusts provide an added advantage in that investors can gain exposure to multiple companies across many sectors with a single investment.
However, just because an investment touts itself as socially responsible doesn't mean that it will provide investors with a good return.
If you would like to learn more about Socially Responsible investing contact us here.
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