Good Money Week

May 1, 2019 | Tony Byrne's View

The title of this week’s blog has no doubt intrigued our readers.

Good Money Week is the campaign to help grow and raise awareness of sustainable, responsible and ethical finance. This year, it takes place between 5th –  11th October 2019.

This organisation brings together people from all walks of life and levels of income, financial advisers, charities, faith communities, student groups and financial institutions to help grow and raise awareness of the benefits of sustainable and ethical investment and finance.

Good Money Week wants everyone to know we have sustainable and ethical options when it comes to our finances so we can all have a positive impact on the environment and society without sacrificing wealth.

Started in 2005, Good Money Week was previously known as National Ethical Investment Week (NEIW) before the name changed in 2014. Good Money Week is co-ordinated by the UK Sustainable Investment and Finance Association.

Good Money Week runs an annual week-long campaign.  This year the subject is women and investments.  Interestingly, women invest less than men, but when they do, they tend to do it better than the opposite sex.  This year’s campaign is to encourage women to invest more.

There is, undoubtedly, an increasing trend amongst investors to invest in companies that follow Environmental, Social and Governance criteria, which is being driven by young people.  Let’s face it, young people are the ones who are going to have to live on our planet when we, older folks, have departed. Their concern about the sustainability of Planet Earth is admirable and a lesson for the older generation.

So what are the Environmental, Social and Governance (ESG) Criteria? 

Environmental, social and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. Environmental criteria consider how a company performs as a steward of nature. Social criteria examine how it manages relationships with employees, suppliers, customers and the communities where it operates. Governance deals with a company’s leadership, executive pay, audits, internal controls and shareholder rights.

Interestingly, our sister company Minerva Money Management has signed up to PRI, Principles of Responsible Investment, which is a voluntary and aspirational set of six  investment principles that offer a menu of possible actions for incorporating ESG issues into investment practice.

So if you are motivated to invest responsibly in a company that follows ESG criteria why not invest in Minerva Money Management’s CCM Intelligent Wealth Fund? Contact us to find out how to do it. You know it makes sense.

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