“Unfortunately, too many of us probably spend more time thinking about the provenance of our free-range eggs and our fair-trade coffee than where our super or savings is being invested, and it’s really time that that changed,” says Simon O’Connor of RIAA, the peak body representing Australian/NZ responsible, ethical and impact investors.
Of course, making those everyday choices is great. But as Daniel Madhavan of Impact Investment Group (IIG) says, “It would really suck, if whilst you were taking all of that action, someone was taking your money and investing it in all of the companies that are creating those problems that you’re trying to solve with your daily choices.”
Choosing “socially responsible investment” (SRI) for your super or savings is the first step. This means your money won’t be directed to companies that abuse human rights, or destructive industries like fossil fuels, tobacco, gambling or live exports.
The real MVP award for ethical investing is reserved for those who invest not just to limit the negative, but actively make a positive impact on the world.
Read full article here.