Investing with purpose: the rise of responsible investing
More than ever before, individuals are aligning their finances with their personal beliefs. The noted increase in charitable giving in the United States, as shown in recent findings from the National Center for Charitable Statistics, is a great example of this positive shift. But, individuals are not only trying to use their finances for good by helping others; they are investing in companies that align with their values, too. For example, last year, one out of every six dollars invested under professional management — $6.57 trillion or more — was invested in a socially conscious investment strategy, as reported in the 2014 Report on Sustainable, Responsible and Impact Investing Trends in the United States by US SIF: The Forum for Sustainable and Responsible Investment.
While the strategies go by various names — environmental, social and governance investing (ESG), socially responsible investing (SRI), biblically responsible investing (BRI), ethical investing, impact investing and many more — the goal of these fund managers is to reflect the beliefs of the investors they serve.Read More >