Socially Responsible Investing In The Environment

For a very long time, money used for good will was called charity

, while money used to earn more money was called investing. That's not the case anymore.

Today, the two ideas are coming together in a financial avenue called socially responsible investing. And both investors and mutual fund operators are learning that this new idea can be profitable, and do some good for the environment and society at the same time.

"Socially responsible investing means you don't have to compromise your own personal beliefs to make money on Wall Street... whatever those beliefs are," states Bob Guthrie, who is an investment broker with A.G. Edwards in Burlington, Vt.

Even back in the early 1900's the idea of choosing investments for social reasons occurred when church members formed together and refused to invest in tobacco or alcohol companies. Guthrie also says that the trend has continued with investors dodging corporations associated with the Vietnam War or companies investing in South Africa. And that trend continues today with investors selecting companies that are more environmentally friendly over those that are not.

But growth in this form of selective investing has skyrocketed during the past couple of years as more and more individuals and corporations have moved social and environmental consciousness into the mainstream of their investments. And this impact is being felt worldwide.

With help from stockholders, business practices concerning the environment are starting to change, said Rob Kruger, vice president of portfolio management at Progressive Asset Management. While the issues may vary, he said companies are realizing they will suffer if they aren't viewed as being socially responsible.

"As this investing community continues to grow, a lot of proposals are being put forth by investors at annual shareholder meetings," Kruger said. "A whole range of issues and activities is now being addressed."

As part of its operation, Progressive Asset Management conducts research for socially responsible and eco-friendly mutual funds. The firm screens companies for environmental problems or nuclear involvement... whatever social issues their clients want investigated.

"As the clock ticks, companies are becoming more and more cooperative with us," Kruger said. "A lot of them are now very anxious to talk about these social and environmental issues."

Guthrie agrees that American corporations and business practices are aware of stockholders who are very concerned with social and environmental responsibility.

He advises, "Make sure your hard-earned money is not invested in companies with little concern for the environment. Keep these things in mind when you invest and the corporations will do the same too.

by: Earth News Media.

POST COMMENT

Go Green in Your Bathroom Remodel and Help the Environment Cell Phone List Of The Most "Damaging" The Environment Protect Yourself From Environmental Water Pollution and Enjoy Improved Health and Well-Being Plumbing Courses In Today's Learning Environment Protect The Environment, Fix The Pipes PA3282U-1ACA AC Adapter a cool environment Training Your Sales Staff A Must In Today's Competitive Environment Office Furniture For Making The Environment Cheerful About Environment Of Vps Hosting Pet Rabbits Need Proper Care And A Safe Environment Carpet In Healthcare Environments - Effects Of Colour And Pattern Why Environmental Awareness Is So Important For Young People Bp Oil Spill Politics Are Unchanged During The Largest Environmental Disaster In America