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Socially responsible investing injects morality into the money making equation. In general, socially responsible investors favor corporate practices which are environmentally responsible, support workplace diversity, and increase product safety and quality. SRI is a relatively new concept that has started to gain attention and attraction by those wanting to do well by doing good. Many investment companies are now starting to offer socially responsible mutual funds. These funds screen for what’s commonly called sin stocks, which are companies that predominately make their money by producing alcohol, tobacco or gambling products. Also defense stocks and firearm stocks are sometimes avoided. Most recently big oil companies(Exxon, British Petroleum, etc.) have become targets for socially responsible advocates.

In the news lately you may have heard about the Sudan divesture movement.(If you are Rip Van Winkle and don’t know what has been going on in Sudan in the past few years click here. www.savedarfur.org ) There are several huge American companies that have made investments into a company called PetroChina which many believe are in tight with the Sudanese government that has been committing the atrocities. We encourage to become informed about this situation and invest accordingly.
A couple of last quick points. Just because a company does good for society, does not make it a good investment. Be sure to research the company or mutual fund that you are interested to make sure it fits your investment standards before you buy. If you want more information on SRI check out the following links. Your dollars have power, make sure you use them right.
http://www.socialinvest.org/
http://www.socialfunds.com/

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