Some of our clients are firm believers in investing with a conscience, and choose to put their money where their mouth is.
They’ve asked us to identify investments that reflect their values, like protecting the environment, advancing gender equality, or supporting community engagement.
Socially responsible investing (SRI) has definitely come of age, now capturing one-fifth of all funds professionally managed in the U.S.
(Along the way, the terminology has also evolved. Socially responsible investing, or SRI, covers a lot of ground. Certain variations are now referred to as sustainable, impact, or ESG investing, which stands for the environmental, social and corporate-governance policies evaluated in choosing investment candidates).
One of the largest and most successful socially responsible investment managers is Parnassus, headquartered in San Francisco, with over $23 billion in client assets under management.
In a recent interview with Kiplinger Personal Finance magazine, Parnassus talks about the criteria they use to pick the companies they invest in (or shun). Company leaders also share the secrets that have given them enviable, market-beating returns for over 10 years, and discuss where they’re finding opportunities today.
Take a look at the Kiplinger article. You’ll enjoy reading about an investment company that does well by doing good!
By the way, if you are intrigued by socially responsible investing, and want to align your social values with your investment dollars, give us a call to discuss a strategy that might work for you.