Originally posted March 15, 2018
Here is an excerpt:
“I would not feel comfortable gaining from somebody else’s misery,” explains company owner and private investor Rebecca Hughes.
Institutions too are heading in the same direction: nearly 80% of investors across 30 countries told last year’s Schroders’ Global Investor Study that sustainability had become more important to them over the last five years.
“While profitability remains the central investment consideration, interest in sustainability is increasing,” said Jessica Ground, Schroders’ global head of stewardship. “But investors also see sustainability and profits as intertwined.”
UBS’s Doing well by doing good report claims more than half the UK public would pay more for goods or services with a conscience. Many more people will want better ethical standards, even if they don’t want or can’t afford to pay for them.
“It’s in my upbringing: you treat others in the way you’d like to be treated,” says Hughes.
More active financial investors are also taking the issues seriously. Several have indices to track the value of shares in companies which are not doing ‘bad’, or actively doing ‘good’. One is Morgan Stanley, whose two environmental, social and governance (ESG) indices – also covering weapons and women’s progress – were worth $62bn by last summer.
The information is here.