Making money with a conscience

NEW STUDY CELEBRATES BRITISH PARENTS WITH A CONSCIENCE

Almost half of UK families want to make money and make a difference

New research out this week shows British parents are eager to help support social issues, often making environmental and ethical choices when buying goods and services. But when it comes to making decisions about where to put our family money they are a bit confused ( yep and me!)

Apparently a third of adults regularly or occasionally take green and ethical issues into account when shopping and , those with investments aim to be even greener. In fact, 42% of British parents with investments want them to make a positive contribution to the world as well as a good financial return.I think that is fab!

The research shows that having children is one of the life stages that prompts Brits to consider their savings, as 18% of parents first seriously considered savings when they had their first child or when setting up an investment for their child. However, many parents are missing an opportunity to bring together their ethics as well as considered family finances, as only 16% realise they can make a difference to society or the environment through their mortgage, savings or investments.

 

Making money with a conscience and ethical investments

Photo credit: Debabrata

The study highlights that the areas British parents are most keen to support through ethical investments are:

• ·Renewable energy/climate change (38%)
• ·healthcare and access to medicine (36%)
• ·managing water efficiently (30%)
• ·initiatives that support the local community (30%)
• ·sustainable forestry (27%).

National Ethical Investment Week, www.neiw.org, aims to help parents understand the diverse range of options now available, and to dispel some of the myths around ethical investment. Do check out the website if you are considering investing,