A green future is a prosperous one, and it is essential for everyone to do their part to ensure the future stays bright. Earth day may be the ideal time to find ways to invest in the planet so that the current generation and future generations may reap the benefits of a clean and productive environment. If you are looking for ways to celebrate Earth Day this year, why not consider investing in our planet with some of the environmentally-conscious ways listed below?
1. Focus on ESG and SRI Investing
Investing is vital for many of those who wish to grow their wealth. So why not help the planet and prepare for a brighter future? Consider socially responsible investing by choosing companies that are ESG-rated and focus on products and services that do not cause known harm to people or the planet. The SRI or ESG rating of a company may give you insight into how the employees and supply chain are treated and the environmental impact the company has. This may help you to choose companies to invest in that are improving the planet while you continue to work towards increasing your wealth at the same time.2
2. Invest in and Patronize Sustainable Companies
When a business is truly sustainable, it works to mitigate any negative environmental and social impacts and also helps create positive ones when possible. These companies may make it their purpose to contribute to the sustainability problems that plague the world. Whether it is helping to manage the amount of plastic or the practice of ethical supply sourcing, many companies are stepping up and doing their part to work toward sustainability. Help support these companies by investing in them or giving them your business, so they may be able to continue their goals and set the example for other businesses.1
3. Work Toward Lower Emissions
From electric vehicles to alternative power sources, countries worldwide are joining forces to manage carbon emissions and move toward cleaner sources of energy and renewable energy so that fossil fuels may be preserved as much as possible. If these measures continue to grow, emissions may continue to also lower, constantly staying around pre-pandemic levels. You may be able to honor Earth Day by doing your part to manage the amount of carbon emissions by putting your investment dollars in renewable energy sources or investing in hybrid or electric vehicles.1
Don't let this Earth Day pass you by without joining the global mission to protect the environment and investing in the future of the planet. Your investment is a gift that keeps on giving and future generations may be able to enjoy a greener world that continues to thrive for many millennia to come. Do your part to create a confident future for our planet and for yourself by making eco-conscious investments and supporting socially responsible companies.
1 Earth Day 2022: Invest in Our Planet, earthday.org, https://www.earthday.org/earth-day-2022/
2 How to Plant Roots in the Green Economy on Earth Day, Stash.com, https://www.stash.com/learn/earth-day-is-here/#:~:text=As%20you%20celebrate%20Earth%20Day,offers%20under%20%E2%80%9CMIssions%20and%20Causes.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual security. To determine which investment(s) may be appropriate for you, consult your financial professional prior to investing.
Investing involves risks including possible loss of principal.
Socially Responsible Investing (SRI) / Environmental Social Governance (ESG) investing has certain risks based on the fact that the criteria excludes securities of certain issuers for non-financial reasons and, therefore, investors may forgo some market opportunities and the universe of investments available will be smaller.
All information is believed to be from reliable sources; however LPL Financial makes no representation as to its completeness or accuracy.
This article was prepared by WriterAccess.
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