2021-10-26 06:57:38, Leah Golob, The Globe and Mail
Content Categorization
/Finance/Investing
Word Count:
699
Words/Sentence:
26
Reading Time:
6.99 min
Reading Quality:
Advanced
Readability:
16th or higher
Biggins said to also ask your adviser if they have comprehensive knowledge on what the "S" in ESG stands for, Biggins said, adding that most don't know."I would recommend asking for specific examples of a company's social related initiatives," Biggins said."
The heightened public awareness of social issues brought about by the COVID-19 pandemic and high profile movements such as Black Lives Matter and #MeToo has begun to affect the way younger investors think about how they spend their money, experts say.
When looking for an investment professional to help you make a social impact, Biggins recommends visiting the Responsible Investment Association's (RIA) website and searching their directory of responsible investing advisers.
For young people not yet able to work with an investment adviser but who have a pension plan or group RRSP through their employer, there's also an opportunity to push for investments that go toward social good that way, O'Leary said.
While many of Biggins' clients across generational lines share similar values when it comes to responsible investing, his younger clients do seem to be at the forefront asking how their investments can help change the world"Social issues are pervading the cultural narrative more than they probably ever have in the past," said David O'Leary, founder and investment consultant at Kind Wealth in Toronto.
Keywords
Morningstar, RIA, & Economics, oleary, esg, biggins, company, ESG, Business, people, way, money, investment, Finance
Interested in Learning More?
Article Analysis is at the foundation of powerful media monitoring and insights. Learn what you can build with powerful curated search engines, real-time listening and trend analysis on the topics, markets and companies critical to your organization.