Morals, Markets & Money
Ethical, Green & Socially Responsible Investing
By Alan Lewis
Financial Times / Pearson Education
December 2002
ISBN: 0-273-65323-7
224 Pages, 5 3/4" x 8 ¾"
$87.50 Hardcover
OUT OF PRINT
The first UK ethical fund was launched by Friends Provident 'Stewardship' in
1984. There are now about 44 ethical funds totaling around £3 billion in assets,
involving 200,000 individual investors. The current government are actively
encouraging ethical investment and looking to recommend it as a method for cleaning
up markets and industry without their direct intervention.
As a result, in July 2001 the first standardized benchmark for socially responsible
investment in the UK - the FTSE4Good UK Index - was launched, provoking criticisms
concerning the criteria for inclusion in the index. Ethical investors, on the
other hand, are driven to increase their wealth but, on the other hand, also
want to satisfy their moral concerns. With the consequential restriction of
portfolios why are an increasing number of investors doing this? Are people
really prepared to take a financial loss in order to maintain their morals?
Return to the Businesss Titles Home
Page