Be Good - Do Good - Feel Good
Peter Katevatis - Jun 06, 2016
Investing your money is more than “making it grow”. As an investor you become a shareholder, which by definition means part owner. How would you feel if the company that you partially owned was treating workers poorly so they could pay you a high
Investing your money is more than “making it grow”. As an investor you become a shareholder, which by definition means part owner.
How would you feel if the company that you partially owned was treating workers poorly so they could pay you a higher dividend? How would you feel if the company you partially owned was leaving environmental devastation in their wake for your benefit? How would you feel if the company you partially owned was propping up governments with horrible human rights records?
If any of these questions made you cringe you might want to investigate a few things about your investments. Are your corporations acting in a way that benefits society both responsibly and economically?
I recently had the opportunity to meet with some of the fine folks leading responsible investing worldwide. Historically, Ethical Investments were a great place to put your funds to make yourself feel better and lose money. Sadly, it became a charitable donation without the tax receipt. As a whole they avoided tobacco, firearms, alcohol & gambling and they were considered “green”.
Today, ethical investing has evolved into Socially Responsible Investing which is now simply called Responsible Investing. The goal is to invest in companies that act in a sustainable fashion but maintain profits for shareholders. These companies pollute less, manage their resources better and prioritize worker’s rights while maintaining a positive bottome line. The belief is that if your company actually operates “responsibly” you can leverage that brand and boost revenue.
The end result is that if companies can be more profitable acting responsibly, more will do it. Just being green is not a reason to invest, the key is to be profitable while being green for lasting change.
You can make a difference and still make money. Here are more details about responsible investing by Canada's leader.
If you would like your portfolio to meet your personal financial needs while maintaining your broad base in values, please do not hesitate to contact me. I offer my knowledge, experience, and transparent style to benefit investors and benefit the planet.