There are many ways to be an environmentalist. We may be quite diligent in engaging in practices which contribute to our Earth’s well-being, while at the same time unknowingly promoting the abuse She endures. Our efforts to preserve our Earth could be neutralized by what we do with our money. Whether we have a little money or a lot, where we bank and how we invest impacts our Earth in important ways. One strategy we can use to help Earth is called socially responsible investing, or SRI. By moving our money into the right savings and investing vehicles we can ensure that it works for a greener planet.
Where we put our money can bolster forward-thinking companies working on sustainable solutions, help to lift up low-income communities, and reduce carbon and water footprints. On the other hand, the funds we invest and some corporations we work with (like mega-banks that provide money to big polluters or Wall Street speculators that make money off those same companies) could be supporting those industries whose practices abuse our Earth.
So how can you practice SRI? Here are some ways:
- educate yourself as to what your bank and investment company does with your money
- place your money in a community development bank, a credit union, or mutual funds whose mission is to help low income communities and the greening of our Earth
- swap your mega-bank credit card for a responsible credit card with a credit union
- invest in stocks and SRI mutual funds which direct their monies to corporations and industries that care about our Earth
SRI can be a great way to benefit both Earth and yourself at the same time. Money talks; make yours speak up for the things you care about!