Tees Business Tees Business issue 19 | Page 38

38 | Tees Business Is ethical investing becoming mainstream? Andrew Gilmore from Active Chartered Financial Planners with some ethical financial thoughts… T here are a growing number of people in society today that have a real focus on our environment, sustainability, and the moral decisions taken by governments and organisations around the world. In the UK, this has most recently been highlighted by MPs voting to pass a motion to declare an environment and climate emergency, largely due to campaigning and pressures from environmental activist group Extinction Rebellion. The situation was highlighted again by the recent heatwave which was also linked to climate change. Over the past 12 months we have seen an increase in client enquiries about ethical investments, and with acronyms such as SRI, ESG, SDG and new terminology like ‘Impact Investing’, I thought it would be beneficial to provide some clarity. What is Ethical Investing? In short, Ethical Investing is an investment strategy which seeks to provide both a financial return and also have a positive social/environmental impact. However, how does this differ from the new terminology above? 1. Ethical Investing focuses on negative screening and avoiding investing in companies that invest in industries such as tobacco, gambling and many other areas. This has come under scrutiny for the variety of