Are you concerned about the earth and people who live on it? Socially responsible investing, also known as ethical, sustainable, or green investing, is a type of investing that focuses on ideas such as environmental sustainability and alternative energy. Not only does socially responsible investing have the potential to result in a return on your investment, you also make a positive impact on our environment.
Alternative energy is one of the most important types of socially responsible investments because it provides many benefits to both us and to the environment. Non-renewable energy sources have harmful effects on our health, and byproducts from the processes in which they are procured, refined and utilized can have devastating impacts on the environment. Fossil fuels, such as oil and coal, are finite, meaning that the supply of those resources will soon run out. Alternative energy sources such as solar and wind power are renewable, they can supply us with clean energy, and they are sustainable.
Participating in socially responsible investing will make a difference locally, and on a global scale. A worldwide movement towards alternative and renewable energy starts with local businesses, and investing in companies that promote environmentally-friendly actions. – Jeff Garrett, ENC Intern