Ethical Investing

firestone · 8 July 2018 at 10:17PM

bostonerimus wrote: »

I gave up on "ethical Investing" a long time ago as I figured capitalism and ethics are not well correlated. So I try to be ethical in my daily life and do good things for the planet and people; I ride my bike rather than drive my car as often as I can, I keep my heating low in the winter, I give to local and national charities and I vote for politicians that I think will improve things.

have noticed the concern of hot air from your cycling but not for the hot air from the politicians so think your ok:)

kittieviolet · 9 July 2018 at 7:10AM

bostonerimus wrote: »

I gave up on "ethical Investing" a long time ago as I figured capitalism and ethics are not well correlated. So I try to be ethical in my daily life and do good things for the planet and people; I ride my bike rather than drive my car as often as I can, I keep my heating low in the winter, I give to local and national charities and I vote for politicians that I think will improve things.

I think that you have summed up my original dilemma in your first sentence very well. I am going to do some more research and have another think. Thanks for your replies

rich06 · 9 July 2018 at 10:44AM

kittieviolet wrote: »

I think that you have summed up my original dilemma in your first sentence very well. I am going to do some more research and have another think. Thanks for your replies

Have you looked at Abundance Investment? They offer investment in Green Energy Projects - I can't post any links so you need to re-work this a bit ... [three w's] [dot] abundanceinvestment [dot] com

HTH
Rich

firestone · 9 July 2018 at 1:25PM

rich06 wrote: »

Have you looked at Abundance Investment? They offer investment in Green Energy Projects - I can't post any links so you need to re-work this a bit ... [three w's] [dot] abundanceinvestment [dot] com

HTH
Rich

If you like that sort of product you may want to look at Triodos Bank who as well as having ethical funds also now offer P2P type bonds like Abundance as well as savings/current accounts

kittieviolet · 9 July 2018 at 3:33PM

Thank you all for your wonderful advice its very much appreciated.
I have come across Legal and Generals Ethical Trust. It is a passive fund and its exclusion criteria is :

Animal testing
Military !!!8211; nature of involvement
Gambling
Non-sustainable Timber
Health & safety convictions
Nuclear power
Countries with poor human rights records
Ozone depleting chemicals
Pornography
Intensive farming
Tobacco
Investment Trusts
Water pollution
Independent monitoring of companies is carried out by Ethical
Investment Research Services (!!!8220;EIRIS!!!8221;) based on the criteria
above'
The companies are from the FTSE 350

Its ongoing charge is 0.96 which isn't the cheapest I've seen. I wondered if anyone has had any dealings with Legal and General investments.
Thanks again for your time

ColdIron · 9 July 2018 at 4:12PM

The OCF for this fund is 0.31% so I am guessing this may be direct with L&G. HL would only be 0.76% (0.31% + 0.45%), you could get this down to 0.56% with the 0.25% providers or even less with someone like iWeb if they provide it but it will depend on the sums involved as there would be transaction fees. The problem with it is that you would have all your eggs in one basket by restricting yourself to just the UK, I'd want a lot more global exposure than that

firestone · 9 July 2018 at 4:24PM

from a quick look HL have a class R @ .19% as well & it's also nearly all UK.This may go back to one persons ethical as mentioned early in the thread as this fund ticks all the boxes you want by looking at your list but still ends up with the usual big names i.e National Grid,Lloyds Bank so will be safer and probably have good results.
But as for the things like renewable energy or recycling plastic something like the Impax Environmental fund i mentioned would be riskier but possibly have a more social outlook (and i am not trying to sell it as there may be others)

kittieviolet · 9 July 2018 at 4:39PM

Thanks so much again. Interestingly I have looked in to the animal testing branch of this fund and it only excludes companies that do test cosmetics on animals for the last 5 years. The fund does include a bio-pharmaceutical company which does animal test which is very disappointing
This is quite a minefield.

firestone · 9 July 2018 at 6:11PM

kittieviolet wrote: »

Thanks so much again. Interestingly I have looked in to the animal testing branch of this fund and it only excludes companies that do test cosmetics on animals for the last 5 years. The fund does include a bio-pharmaceutical company which does animal test which is very disappointing
This is quite a minefield.

A mind field is probably true as there could be more things if you dig deep i.e i have not checked but can you be sure who the banks in the fund lend to are really in line with your views or that the National Grid is green enough.But If you do go with the L&G fund check for the cheapest platform first

kittieviolet · 9 July 2018 at 7:11PM

Thanks Firestone. This has been a very enlightening and interesting personal research project for me.

Ethical Investing

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