How women can invest more ethically | Letters
Your article on why women need to start investing to exercise more control over their futures (Why finance is a feminist issue, G2, 9 April) contains much sound advice. However, it neglects an important consideration. If, as Emilie Bellet explains, women are "looking more at where we want to be in 10, 20 or 30 years' time", then we also need to think hard about the kind of future our money is going to support. Many women - and men - would be horrified to think that the price for their own security is increased uncertainty and instability across the world, as many funds continue to rely heavily on the fossil fuel and extractive industries. Even so-called ethical funds are often only undertaking basic negative screening, for example ruling out pornography, weapons, tobacco and gambling, but with very little to say on climate risk. The real bottom line is that there is no money to be made on a dead planet.
Happily, this can be a win-win situation. Increasingly, fund managers are recognising the risk of the "carbon bubble" and are starting to shift their own funds. And evidence is growing that over the long term, sustainable investments can outperform the broken business-as-usual market. But this shift won't happen without ongoing consumer pressure on the financial sector. An influx of motivated women into this space presents an excellent opportunity.
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