Sure you want to go green and you are adjusting your lifestyle to contribute. But what about your investments? How do you know that your money is not funding companies that pollute the environment? Enter SRI funds.
SRIs or Socially Responsible Investments are funds that invest in companies that demonstrate corporate responsibility. The definition of “corporate responsibility” will vary from one fund to another but broadly, they encompass companies that have a green business model, green investments, show responsibility towards the environment, human rights and other social and environmental issues. In general, oil companies, weapon manufacturers, tobacco companies, and companies with unfair labor practices are excluded from such funds.
According toSocial Investment Forum, about $2.71 trillion out of $25.1 trillion invested in the United States market place today are in Socially Responsible companies. That’s more than 10% of all investments. There are various funds that track SRIs. A list of such funds can be found onsocialfunds.comwhich is a personal finance website for socially responsible investing. You can order a prospectus for any fund or view fund details on their website. A quick snapshot about these funds and the type of companies they invest in can also be found onsocialinvest.org. Socialfunds also has somefree offersif you are interested in knowing more about green investments. Another resource to learn more about SRI is Co-op America’s website onSocial Investing.
As the Green movement gathers momentum, it is starting to affect various aspects of our lives. Make sure you put your money in the right place by doing a little research about a company’s policy before investing. Do you look at a company’s green profile before investing or have any experiences, thoughts or suggestions that you can share? If so, then definitely let us know.