What is Socially Responsible Investing?
Socially Responsible Investing (SRI) is a way of investing your money in businesses or products that create positive social or environmental impacts. It means choosing companies that align with your values and support causes you care about, such as human rights, social justice, clean energy, or health innovation. It also means avoiding companies that harm people or the planet, such as those that produce addictive substances, pollute the environment, or exploit workers.
Why Should You Consider Socially Responsible Investing?
Socially Responsible Investing (SRI) lets you invest in companies that make a positive impact on society and the environment. Not only does this feel good, but it can also be profitable. Studies show that companies with strong social and environmental practices often perform better financially. So, with SRI, you can make a difference in the world while also growing your wealth.*
SRI for Young Investors
For young investors, Socially Responsible Investing offers an exciting opportunity to match their financial goals with their personal values. With the world increasingly focused on sustainability and ethical practices, young investors have the chance to make a big impact. By putting their money into companies that care about environmental, social, and governance factors (ESG) young people can help shape the future they want to see and live in. Plus, starting early with SRI can provide young investors with long term financial growth while giving them a strong sense of responsibility.
How Can You Make a Difference in the World?
By investing in SRI funds, you can help fund solutions to some of the most pressing social and environmental challenges, such as poverty, inequality, climate change, or disease. You can also influence the behavior of companies by rewarding those that do good and avoiding those that do harm. You join a growing group of investors using their money to make positive changes. Now how good does that feel?!
How Can You Start Socially Responsible Investing?
There are several ways to start Socially Responsible Investing. You can invest directly in companies with high social and environmental standards, or choose mutual funds and ETFs that focus on ESG factors or impact investing. Additionally, community investing allows you to lend money to underserved groups for development.
Keep in mind, Socially Responsible Investing, not unlike regular investing, can be complex and challenging. With SRI, you need to balance your financial goals and your social values. You need to research the actual impact and performance of companies or funds, and you need to monitor and adjust your portfolio over time. That's why it's a good idea to seek expert advice from an advisor who understands the ins and outs of Socially Responsible Investing.
How Can Innovation Wealth Help You with Socially Responsible Investing?
At Innovation Wealth, we’re committed to helping you achieve your financial and social goals. Through our partnership with Aviso Wealth and NEI Investments, we have access to a variety of socially responsible investment options. We can help you design a personalized investment plan that suits your risk tolerance, time horizon, and social values and preferences. Additionally, we can help you track and evaluate the impact and returns of your investments.
If you’re interested or curious to learn more about Socially Responsible Investing, we would love to hear from you and help you get started on your journey of investing in a better world. Contact us today.
Reference: McKinsey & Company. "The Triple Play: Growth, Profit, and Sustainability." McKinsey & Company, https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/the-triple-play-growth-profit-and-sustainability.
Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc. Aviso Financial Inc. and Northwest & Ethical Investments L.P. are all wholly owned subsidiaries of Aviso Wealth Inc
