Tragically, the world is in the midst of a global water crisis. Many people cannot access the water they need for drinking, bathing, cleaning, or growing food, and others only have access to water that is not clean. However, hope is not lost. In fact -- between 1990 and 2015, activists made clean water available to an additional 2.6 billion people in the world, and the fight to improve water quality and access is going strong.
If you are passionate about water issues, you may want to invest in a way that reflects your values and helps to address the global water crisis. To embrace a socially responsible investment (SRI) strategy focused on water quality and access, consider the following tips.
Look at Company's Corporate Governance Statements
As consumers demand more transparency and an increased commitment to environmental values, many companies have started issuing corporate governance statements. Sometimes called an environmental, social, and governance (ESG) policy or by various other names, these statements detail a company's commitment to the environment or to society, and they explain which steps they take to support these goals.
Before buying stocks in a publicly traded company, you may want to look into these statements. Similarly, if you want to invest locally or in a company that isn't publicly traded, you may want to dig deep and look for these types of details to make sure the investment is in line with your beliefs about water conservation.
Follow the Water News
To stay abreast of what's happening in the world of water conservation, you should also consider following news about water. The business section often has segments about what companies are doing both positively and negatively in relation to water. Additionally, you may want to set up alerts so that you get notified when there is significant news about water. Then, if different companies are mentioned, you can tailor your investment strategy accordingly.
Consult With a Financial Professional With SRI Experience
Whether you're focused on SRI or any other type of investing, you don't have to make all the decisions yourself. Instead, you may want to reach out to the experts. Consider finding a financial professional with experience in SRI. They can point you in the right direction and help you build a portfolio that reflects your ethics and worldview.
Typically, you can choose your level of involvement. For instance, you may want a financial professional who suggests investment opportunities to you, and then, you make the final call. Or, you may just want to provide your financial professional with a list of your goals (both ethical and financial) and let them handle the rest.
You can make money, while also working to change the world. You can invest in a way that helps to move the world in a direction that appeals to you. To learn more about SRI and water, reach out to a socially conscious financial professional today.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial professional prior to investing. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and cannot be invested into directly.
The information provided is not intended to be a substitute for specific individualized tax planning or legal advice. We suggest that you consult with a qualified tax or legal advisor.