As you are travelling the world you see amazing places and incredible sights. But do you also notice the pollution of the oceans as you are going about your work?
Millennials are a driving force behind the growth of so-called green investing. Have you thought about if it is right for you? What if your money could support causes you feel strongly about?
What Do You Want To Do With Your Money?
Of course, you want your money to grow over the long term so that you can do all the things you want in life, for example, buying a house, setting up a business or retiring early. But is that all you want your money to do? What if you could support ethical businesses and help to fight climate change just be choosing sustainable investment funds?
When you put money into any investment, be that a stocks and shares ISA, a pension or directly held shares, you choose what companies you want to support. You could choose companies that have a strong record of supporting their local communities, developing green technologies and following ethical practices in running their businesses, investments that generate profits but make a social impact too.
You can give so much more back to the causes that matter
You will see different labels for this style of investing: ESG (environmental, social, governance) investing, green investing, sustainable investing, ethical investing, positive screening and negative screening. They don’t all mean the exact same thing, but the same idea permeates them all.
These funds are now a common option on all investment platforms so they are easy to find, but you will need to take some time to work out exactly what their goals are and make sure they align with your principles and ethical preferences.
If you want to explore this more, a financial adviser will be able to help you identify the right portfolios and funds for you so that your money can help the future of the world as well as helping you reach your goals.
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