May 19 2008
The UK Social Investment Forum (UKSIF) has released the findings of a study to coincide with the launch of National Ethical Investment Week in the UK.
And the results suggest that ethical investments are likely to soar in the coming years.
It found that 24 per cent of teenagers want their parents to invest in more ethical companies and that 85 per cent of the 1,000 teenagers interviewed for the report felt that companies that harmed the environment or that did not behave ethically should not receive investment.
George Latham of Henderson Global Investors predicted ongoing growth for ethical investment "as the next generation embed their social conscience into every aspect of their lifestyle".
The study concluded that while adults share many of the same beliefs as the teenagers polled, 67 per cent felt that they had little to no understanding of what ethical investments were.
UKSIF chief executive Penny Shepherd MBE said more information and advice is needed to inform consumers about green and ethical investments.
"National Ethical Investment Week will help to raise the profile of the support that already exists and encourage more," she added.
National Ethical Investment Week is being run between May 18th and 24th and is promoting positive investment decisions that not only help the individual but the environment also and society as a whole.
