Your savings and investments can help create a better world. Put your dollars to work to build healthy communities, promote economic equity, and foster a clean environment.
1) Social Screening: Invest in profitable companies with respectable employee relations, strong records of community involvement, excellent environmental impact policies and practices, respect for human rights around the world, and safe and useful products. Conversely, avoid investments in those firms that fall short in these areas.
2) Divesting: Engage in further research about stocks you already own. Remove stocks and other investments from your portfolio who do not earn money in a socially and environmentally responsible way.
3) Shareholder activism: Actively attempt to positively influence corporate behaviour. Initiate conversations with corporate management on issues of concern, submit and vote proxy resolutions. Many social investors, working cooperatively, can steer management on a course that will improve financial performance over time and enhance the well being of stockholders (you), customers, employees, vendors and communities.
4) Community Investment: Invest in activities and companies that have a high and positive social impact in undeserved communities. For example, these efforts may support activities designed to provide mortgage and small business credit to minority and low-income communities.
Kreg Weiss is a co-founder of My Yoga Online and certified Hatha Yoga Teacher. Several years ago, Kreg discovered yoga while teaching health and fitness. Yoga dramatically transformed Kreg's approach to teaching health and wellness as well as changed his personal life bringing new direction in finding physical, mental, and spiritual growth.