Tees Business Tees Business issue 19 | Page 39

The voice of business in the Tees region | 39 2. 3. 4. 5. different products and level of ethical screening, hence the new investment types becoming available. Environmental, Social and Governance or ESG investing focuses on companies demonstrating their approach to the environment, social responsibility and their own governance practices. This is the opposite approach to item 1 with a focus on positive screening. SRI or Socially Responsible Investing looks to provide positive social outcomes through the investments made, and is therefore a blend of items 1and 2 but with a more measurable approach; screening stocks out first and then concentrating on a company’s ESG approach provides a more comprehensive approach to investing ethically. Impact Investments can be made in both emerging and developed markets, focusing on an outcome or impact that will be positive in an ethical sense, while still investing in certain companies. They may be screened out under other approaches as long as these companies are working towards being more sustainable. Sustainable Development Goals or SDG are part of the United Nations blueprint set out “To achieve a better and more sustainable future for all. They address the global challenges we face, including those related to poverty, inequality, climate, environmental degradation, prosperity, and peace and justice. The Goals interconnect and in order to leave no one behind, it ís important that we achieve each Goal and target by 2030” (source: https://www. un.org/sustainabledevelopment/ sustainable-development-goals/). ABOUT ANDREW Does it work? The Global Sustainable Investment Review 2018 states that at the beginning of 2018, global sustainable investment reached $30.7 trillion in the five major markets; Europe, USA, Japan, Canada and Australia/ New Zealand which is a 34% increase in two years. One of the arguments against ethical investing has been the lack of product development and suitable investment solutions. There has, however been an increase in availability and awareness in the last few years with investment providers promoting these product ranges more frequently. A further challenge has been regarding performance. Although ethical investments have been available for a number of years, the impression was that investment returns have to be sacrificed (due to the focus on social/ethical impact). While some investments do try to prioritise the social responsibility over performance, this will depend on the individual investments. Research undertaken by the Global Impact Investing Network (GIIN) shows clients are looking for a balance of achieving a level of social responsibility whilst maintaining average market returns. From a financial performance point of view, the majority of clients who are investing in these products are either in line with or outperforming their expectations - with only 9% feeling the investments are underperforming relative to their expectations (Source: GIIN). Want to know more? If you would like to discuss the options available with ethical investments please contact Active Chartered Financial Planners on 01642 765957. www.activefinancialplanners.co.uk #TheClearAdvantage The value of your investments can go down as well as up and you may get back less than you originally invested. A ndrew Gilmore is proof that through hard work and commitment you can realise your potential. Joining Active in 2007 as an administrator through the North East Chamber of Commerce apprenticeship scheme, Andrew worked hard to qualify as a financial adviser in 2012 at just 23. Continuing his study, in 2016 Andrew gained Chartered Fellowship status; the highest level of qualification awarded by the Chartered Insurance Institute (CII). Andrew is an extremely knowledgeable financial planner, gaining extensive technical knowledge through his continual study. Although Andrew does advise clients on a variety of areas, he has exceptional expertise in investments and pensions, specialising in providing estate planning and long term care advice. Active director and Chartered financial planner, Paul Gibson, said: “It is vital that we continue to develop our knowledge and keep up to date with regulatory and legislation changes so we can offer the best advice to our clients. “Andrew fully embraces this, and has been instrumental in our growth and success.” Andrew’s recent accolades include being one of Vouchedfor.co.uk’s (the UK’s leading ratings site for financial and legal professionals) ‘Top Rated for 2019’ and was also named as one of the top 35 New Generation Advisers (in the UK) 2018 by CityWire & New Model Adviser Magazine. Andrew is now working towards a Masters Degree in Business Administration at Teesside University, which focuses on management and strategic leadership. www.activefinancialplanners.co.uk #TheClearAdvantage