The Socially Responsible Investing (SRI) market is set to grow by 173% reaching £48 billion by 2027, Triodos Bank reports.
An increasing amount of investors want their money to contribute positively, causing the significant growth.
Triodos Bank’s latest Annual Impact Investing survey reports that 19% of UK investors hope to invest in an SRI fund.
Interestingly, almost half of investors aged 18-34 are driving this increase.
In fact, 56% of milennials investors have invested in an ethical fund after something bad happening in the news. The 18-34 age group have cited natural disasters and the 2008 financial crisis as motivation for investing, to name a few.
Managing director of Triodos Bank UK, Bevis Watts, commented: “Demographic changes, social media and awareness of the challenges facing our planet mean that investors are waking up to the fact that there really is no such thing as a neutral investment. Every investment has an impact on individuals, society and the economy.”
Interestingly, the survey cites the top five industries investors would not consider investing in:
- Manufacturing or selling of arms and weapons
- Worker / supply chain exploitation
- Environmental negligence
Triodos Bank offers sustainable banking alternatives. Moreover, it uses finance to support projects benefiting people and the planet. Areas of expertise include organic food and agriculture, energy and climate and sustainable banking.
Additionally, Charity Bank and Ecology Building Society also offer ethical savings accounts.
Socially Responsible Investing is a trend that promotes the investment in causes that encourage social and environmental good. These socially conscious investments allow investors to contribute positively to society.