Ethical investments more popular, expert claims

Thu, 03 Jul 2008

According to Andy Hammerton, spokesperson for Co-operative Financial Services, the ethical investment sector grew by 15 per cent last year, something that was sparked by an increasing awareness of such issues as a whole.

Issues such as climate change mean that people are now looking for something other than just profit from their investments, Mr Hammerton stated.

He said: "Consumer interest has grown in ethical issues, especially climate change.

"As a result more consumers are more willing to consider an ethical finance product than they were several years ago."

Consumers should be able to access ethical financial and investment products without having to pay any extra costs, he added.

According to data from the Ethical Investment Research Service (EIRIS), £8.9 billion had been placed in Britain's green and ethical investment funds by December 2007.

In 1997 just £1.5 billion was kept invested ethical, the body's research shows.
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