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[ad_1] The post How to Find Socially Responsible Companies to Invest In for Financial Freedom appeared first on Millennial Money. Millennials aren’t worried just about our financial future. We’re also worried about our global impact. We’re looking for responsible investment options — investments that can keep our planet sustainable for future generations.  Companies are taking note of these mindset shifts and changing practices to be better for the environment and humanity. And investment brokers are offering more responsible investing options as well.  If you’re unfamiliar or new to socially responsible investing or sustainability investing, I’ve written about it previously. In short, it involves investing in companies that are making a positive impact  or lessening a negative impact in some way. For example, they may be trying to reduce their carbon footprint, go carbon neutral, repair rather than replace, etc.  Finding socially responsible companies isn’t an easy feat. It requires doing a lot of individual research. The good news? With a higher demand for corporate social responsibility and sustainability investment options, more options are available.  Table of contents How to Determine Whether a Company Is Socially Responsible How Can You Identify Socially Responsible Companies? Why Should You Consider Socially Responsible Investing? What Are the Goals of Socially Responsible Investment Companies? How to Build a Socially Responsible Investment Portfolio How Can You Get Started With Socially Responsible Investing?  What Are the Types of Socially Responsible Investing? What Are the Common Types of Sustainable Investments That Will Help You Build Your Investment Portfolio? Top Socially Responsible Investing Companies What Are the Best-Known Socially Responsible Investing Companies? What Top Socially Responsible Investing Companies Can Offer You the Best ROI? What Do the Top Socially Responsible Investing Companies Have in Common? Where to Find The Best-Performing Socially Responsible Investing Companies Who Can Help You Find the Best-Performing Socially Responsible Investing Companies Online? How Can You Find the Best-Performing Socially Responsible Investing Companies Online? What Should You Avoid xWhen Looking For the Best-Performing Socially Responsible Investing Companies? How to Determine Whether a Company Is Socially Responsible Determining whether a company is a socially responsible one can be difficult. There are no specific industry standards or guidelines. You may have to research companies that are listed in SRI (socially responsible investing) portfolios. What you determine to be socially responsible may not be the same as what the brokerage that hosts the funds considers sustainable.  One way you can determine if a company is socially responsible is to look at its website. Another is to see if they have a certified B corporation designation.  When choosing an investment company to use, the main brokerages usually have options for ethical investing. Many brokerages understand the growing demand for these types of funds. Many even have robo-advisor options available (discussed later).  How Can You Identify Socially Responsible Companies? More and more investment brokers are helping to identify socially responsible companies. Those companies listed in an SRI portfolio often have an ESG scorecard. An ESG scorecard is a score given to a company based on Environmental, Social, and Governance factors. MSCI has a set of ESG indexes that can provide more information on ESG benchmarks.  Generally, a company’s website should have information on its corporate responsibility. Find its search bar. Try keywords such as: (Local) Community Giving Back Environment(al) ESG Social Responsibility Corporate Responsibility Climate (Change) Sustainability These are just a few search terms to get you started. There are plenty more that you can use to find more information.  Why Should You Consider Socially Responsible Investing? Socially responsible investing can create a positive social impact. Have you heard the phrase “voting with your dollars”? When companies create a negative social impact, we can make a difference by not investing in them.  A 2016 survey by U.S. Trust found that 51% of Baby Boomers believe ESG factors are important for investing. A staggering 93% of Millennials prefer ethical investing, with these factors playing a key role in their investment decision.  Socially responsible investing can better our planet and lessen our impact on climate change. By investing in renewable energy, we lessen our need for fossil fuels. By investing in businesses that focus on corporate social responsibility, we invest in company morale and productivity.   What Are the Goals of Socially Responsible Investment Companies? The goals of socially responsible investment companies aren’t just meeting ESG criteria and sustainability. Like any investment company, profits are important.  Companies such as Swiss Re Group and Hermes Investment Management are finding profitability in ethical investing. Swiss Re Group research found that “high ESG ratings have better risk-return ratios.” Hermes Investment Management found companies that favor ESG factors often outperform those with negative ESG factors.  The goals for companies like Patagonia are not only to lessen the impact on our climate but also to improve conditions in our environment. Patagonia teams with multiple environmental groups to increase sustainability and corporate social responsibility.  How to Build a Socially Responsible Investment Portfolio Research is always a good starting point. As I mentioned earlier, your idea of social responsibility may differ from your brokerage’s. The two brokerages I constantly see mentioned are Fidelity and Vanguard. Both have multiple options for getting started with an SRI portfolio with ESG scorecards.  If you want to “do good” without sacrificing returns, socially responsible investing is the way to go. McGill Business Review cites several studies that show sustainable and corporate socially responsible companies will outperform those that aren’t. Those same studies also show that some companies failed to recover to initial levels after environmental or social disasters.  Another good starting point is deciding which brokerage you want to start an investment portfolio with. If you already have any accounts with a big-name brokerage, try there. Many of the big-name brokerages have SRI portfolio options.  How Can You Get Started With Socially Responsible Investing?  If you’re not a DIY (Do-It-Yourself) investor, Betterment has a few options for you. Betterment offers several different SRI portfolio options, including Social and Broad Impact, Climate Impact, and more.

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[ad_1] Smartphone maker Vivo India is increasing smartphone production capacity in India to start exporting devices from the country this year, a senior company official said on Thursday. Vivo India director, business strategy, Paigam Danish told PTI that the company will make its flagship device Vivo X80 series also in India where it has increased annual production capacity to 60 million devices per annum from 50 million in 2021. “This year we have plans to start exporting from India. That is the reason why we are increasing production capacity. It will be able to cater to the demand of the Indian market as well as enable us to start exporting ‘made in India’ products,” Danish said. Vivo has committed to invest Rs 7,500 crore in India, out of which it has already invested Rs 3,500 crore by 2023. The company had invested Rs 1,900 crore till 2021 from the total outlay. “By the investment of Rs 7,500 crore, which we have already proposed, this production capacity will reach 120 million (devices) annually. It is not just for Indian market needs but it will also be leveraged for export,” Danish said. Vivo had 15 per cent market share in the Indian smartphone segment in the first quarter of 2022 with shipment of 5.5 million devices, according to market research and analysis firm IDC. According to a Counterpoint research report, Vivo became the top 5G brand in the Rs 10,000-20,000 price bracket segment in the March 2022 quarter. Danish said that the company’s strategy is to cater to customer needs and be on top of their mind this year to grow the business. He said that the company has built a network of over 70,000 retailers over the years and enhanced product experience for the customers, which will help the company achieve leadership position in India. “We have grown our share in the premium segment as well. Vivo X80 series is part of our strategy to further strengthen it,” Danish said. [ad_2] Source link

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[ad_1] Achieving 100 per cent coverage of government schemes brings an end to discrimination as well as politics of appeasement as it leaves no scope for anyone to indulge in such things, Prime Minister Narendra Modi said on Thursday. Due to lack of information, the government schemes either remain on paper or ineligible people avail their benefits, he said, adding that although the process to reach out to each and every beneficiary was difficult, it was the “only way” to serve the people. He was speaking via video link at ‘Utkarsh Samaroh’, an event held in Gujarat’s Bharuch city by the district administration to mark 100 per cent saturation of four key schemes of the state government meant for providing financial assistance to widows, elderly and destitute citizens. “Hundred per cent saturation of government schemes ends discrimination and need for a recommendation to get the benefits, because people are confident that they will eventually get the benefit. It also puts an end to appeasement politics because 100 per cent coverage leaves no space for it,” he said. “Although it is a difficult process to reach out to each and every beneficiary to ensure 100 per cent coverage, it is the only way to serve the people,” the prime minister said. Modi said his government has been trying to cover each and every eligible beneficiary of welfare schemes ever since he became the prime minister eight years ago. “Hundred per cent saturation is not merely a figure. This indicates that the government is sensitive and cares for the people. On the occasion of the completion of eight years of our government, the country has taken a vow to reach out to 100 per cent beneficiaries,” he said. Modi said ensuring 100 per cent coverage of welfare schemes was his dream, and added that he would not rest till it was achieved. He said when the BJP-led National Democratic Alliance (NDA) formed the government at the Centre in 2014, nearly half of the country’s population did not have the facility of toilets, electricity, bank accounts and vaccination.Modi said that during the last eight years, his government was able to achieve 100 per cent saturation in many of the schemes. “Last eight years of my service to the nation from Delhi (as PM) were dedicated to good governance and welfare of the poor,” he said. “Once again, we all need to get our acts together to reach out to the needy and give them what they deserve. This is a difficult task and many politicians stay away from doing this. But, I am here to serve the people, not to do politics,” the PM added. The ultimate goal of scheme saturation is to ensure dignity of the poor, he said. According to the PM, the social security schemes implemented in the country before 2014 had limited coverage and impact. “After 2014, the country expanded the coverage of such schemes. Now, nearly 50 crore people are eligible for free treatment up to Rs 5 lakh; crores received life insurance cover, elderly citizens received pension. We also provide toilets, electricity, bank accounts and tap water connections,” the PM said. “Earlier, it was very difficult for a poor person to get such benefits. But our government changed this scenario and also made improvements in the schemes. We have set new targets and we are achieving them with each passing day” said the PM, adding that his government has also started providing financial assistance to marginal farmers. Ahead of his address, Modi interacted with three beneficiaries of these government schemes. Talking to one Ayyub Patel, a visually-impaired beneficiary who came there with his elder daughter Aliya, Modi became emotional after the girl started crying when she said she wants to become a doctor as she cannot see her father’s condition.The prime minister asked Patel to fulfil the wishes of his three daughters and contact him in case he faces any difficulty. He also interacted with two widows – Meena Rathva and Aruna Vasava – who thanked the government for the financial support in such difficult times. Modi thanked nearly 100 widows who had prepared a giant rakhi for him. According to an official, some 13,000 beneficiaries of Bharuch district had been identified and covered under the four government schemes, including Ganga Swarupa Financial Assistance Scheme for widows, Indira Gandhi old age pension scheme, National Family Assistance Scheme and a pension scheme for elderly destitutes. [ad_2] Source link

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[ad_1] Covid-19 4th Wave in India Live Updates: Indian citizens & students travelling overseas can now take the precaution dose of the vaccine against Covid-19 as required by the guidelines of the destination country. This new facility will be available soon on the CoWIN portal, Union Health Minister Mansukh Mandaviya announced in a tweet. A second Global COVID-19 Summit will be held virtually today for countries to discuss efforts to end the COVID-19 pandemic and prepare for any health threats in the future. Prime Minister Narendra Modi will be participating in the summit at the invitation of US President Joe Biden. The Ministry of of External Affairs on Wednesday said that the Prime Minister will deliver his speech on the theme ‘Preventing Pandemic Fatigue and Prioritizing Preparedness’. The summit is being held amid reports of gradual decline in Covid-19 related deaths in many countries across the globe, however, the virus is still spreading and researchers continue to identify new variants. Meanwhile, India witnessed a slight dip in new cases, with 2,827 new Coronavirus infections, according to the official data shared by the Ministry of Health on Thursday morning. The data also suggested that 24 patients succumbed to the infection since Wednesday. (With Agency Inputs) FE Online brings you live updates on Codi situation from India and around the world. Stay tuned. [ad_2] Source link