As consumers in our society, we’re often told we can “vote with our wallets”. Perhaps you consciously choose items at the store with less wasteful packaging. Maybe you bring your own bags when you shop or commute to work by bicycle. You might have purchased a hybrid or electric vehicle to minimize your impact on the environment. Many of us, though, have yet to consider that we can do something similar with our investment portfolios by choosing investments that reflect our values.
Impact investing refers to investments made in companies, organizations, or funds with the intention to generate a measurable, beneficial social or environmental impact along with a financial return. Impact investing is also referred to as ESG investing (taking into account Environmental, Social and Governance factors), green investing or sustainable investing. I think of it as “doing good while doing well”.
At Honeycomb Financial, we have a number of options for impact/ESG investing. Let me help you put your money where your values are.