£11 billion invested in UK green and ethical funds
Figures released today by EIRIS, the sustainable investment research specialists, show that there’s currently around £11 billion* invested in Britain’s green and ethical funds, up from £4 billion ten years ago.
The figures are launched for National Ethical Investment Week (14-20 October 2012) which aims to ensure everyone knows that they have green and ethical options when it comes to their financial decisions.
Commenting on the figures, Mark Robertson, Head of Communications at EIRIS and editor of YourEthicalMoney.org said: “Over the last decade we’ve seen sustained growth in green and ethical finance, largely driven by consumer interest in issues like climate change, fair trade, human rights and more recently, executive pay”.
“The credit crunch and on-going financial crisis, plus unethical behaviour at scandal-hit high street banks, is encouraging more people to switch to financial product providers that offer a more ethical, sustainable and long-term approach to finance” he continued.
EIRIS’ YourEthicalMoney.org website provides free, independent and unbiased information on all aspects of green and ethical finance. The website includes sections on banking, investments, mortgages, credit cards and insurance to help consumers discover green and ethical product choices that will help build a more sustainable financial future.
Click here to view more statistics on the UK green and ethical retail fund maket.
*As at 30th June 2012 EIRIS estimates there was approximately £11 billion invested in Britain’s green and ethical retail funds. This estimate is based on around 80 UK domiciled green and ethical retail funds. It does not include UK money invested in ethical funds domiciled outside of the UK, or in off-shore funds.
Environment, ESG, United Kingdom