29 September 2006

Ethical Investing

Red Pepper has a good article this month on ethical investing. The idea of ethical investing has been around for centuries (Quakers haven't invested in slaves or alcohol since the 1500s). The UK market in ethical investment has grown by 600 percent in 10 years. The estimated value is now £6 billion a year, equivalent to a million people ethically investing £6000 each. The article cites EIRIS as a source of information about ethical investing. The EIRIS website has a directory of ethical financial advisers (you can search by postal code) that lists how long they've been in business, what percentage of their overall business is ethical, and if they raise the option of ethical investment to each client. There are none listed in Coventry, with the closest being in Warwick or Solihull, as well as "B" postal codes.

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