Banking scandals have increased investments’ ethical component, Ecclesiastical finds
Recent banking scandals have made investors conscious of the ethical impact of their investments, and 53% of them wants to ensure that their investments go to companies which make a positive difference, according to a survey run by Ecclesiastical Investment Management.
Findings revealed that investors’ attitudes are changing with nearly a third of those polled saying investing is something they associate with greed, excessive charges and a lack of information.
According to the research, 45% of investors prefer to know that their money isn’t going to companies they see as unethical. Consumers now want to be more aware of where their money is going and this can only be encouraging for the industry.
“Ethical investing not only provides a good return, but also contributes much to society, encouraging more sustainable business practices and better living and working conditions throughout the world,” said Sue Round, head of investments at Ecclesiastical.
She added that the banking scandals may have impacted on investors’ appetite for investment but it’s important that they don’t dismiss investment all together. “Ethical investment doesn’t mean sacrificing a healthy return, and your money can still make a difference,” she said.
Ecclesiastical Investment Management has four screened funds: the Amity UK Fund which aims to achieve long term capital appreciation and a reasonable level of income by investing principally in UK companies; the Amity European Fund which aims to achieve long term capital appreciation and a reasonable level of income by investing principally in European companies; the Amity International Fund which aims to achieve long term capital appreciation and a reasonable level of income by investing principally in international companies; and the Amity Sterling Bond Fund which aims to achieve attractive income from investing in UK Government and good quality sterling fixed interest securities.