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This is Money Podcast

Can you invest for profit and your money to do good? We talk socially responsible investing

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1650 Ratings

🗓️ 13 August 2020

⏱️ 23 minutes

🧾️ Download transcript

Summary

Can you make a profit and get your money to do some good? 

The stereotypical image of the stock market and investing isn’t one of caring about the world around you, it’s more characterised by a make money at all costs attitude.

But like many stereotypes that’s not accurate. 

Most personal investors are just ordinary people trying to grow their wealth over the long term – and like the population at large many of them care about the environment, people being treated well and business being done properly.

But while it has never been easier to be a DIY investor, how often do people really think about where their money is going and what it is doing?

Socially responsible investing is a concept that seeks to change that. Trying to get ordinary investors to engage with their investments and use them to improve the world, whether that is at a corporate, social or environmental level.

On this second This is Money investing special podcast, Simon Lambert is joined again by Rob Morgan, Charles Stanley Direct’s pensions and investment analyst, to explore the world of socially responsible investing.

They talk about what it means, where the ESG (Environmental, Social, and Governance) buzzphrase has come from, how things have changed from the early days of ethical investing and what kind of investments people can make to improve the world we live in.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello, I'm Simon Lambert, this is money, and welcome to the second part of a special two-part

0:07.0

podcast on investing, where I am joined by Rob Morgan of Charles Stanley Direct. Rob, welcome to the show.

0:15.0

Hi, Simon, thanks for having me. Now, here's a question for you. Can you make a profit and make

0:20.2

your money do good? Let's be

0:22.0

honest, the popular image of the stock market and investing isn't exactly David Astenborough.

0:27.0

It's more Gordon Gecko or the Wolf of Wall Street. But like many stereotypes, that's not accurate.

0:33.1

Most personal investors are just ordinary people trying to grow their wealth over the long term. No

0:38.0

braces, no cigars and no highly questionable wall for Wall Street style parties. We won't be getting

0:43.8

into that too much on this podcast, Rob. Don't worry. But while it's never been easier to be a

0:48.3

DIY investor, perhaps even from the comfort of your lockdown sofa and dig into what you're

0:53.4

invested in, how often do people

0:55.3

really think about where their money is going and what it's doing? Socially responsible investing

1:01.0

is a concept, perhaps you could even call it a movement, that seeks to change that, trying to get

1:06.3

ordinary investors to engage with their investments and get them to improve the world, whether

1:10.5

that's at a corporate, a social or an environmental level.

1:14.3

So on this podcast, me and Rob are going to be exploring the world of socially responsible investing.

1:21.1

Rob, it seems a bit of a broad phrase that. What does it mean to you?

1:27.1

Yeah, it's definitely a very broad phrase and it means

1:31.5

different things to different people. Socially responsible investing is definitely an umbrella

1:37.3

term. To me, it's an investment approach that considers social and environmental good as well as financial return. And to me,

1:49.8

it's a powerful way that all investors can make a difference, helping to make the world a better

1:57.1

place, both from the environment and the living standards of the populations within it.

...

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