Sustainable Investing in Syracuse and Central New York
You’re mindful about picking up litter, recycling, and donating to charity. Why not be just as mindful about your investment portfolio? Through sustainable investing, you can let your values lead the way to a more ethical portfolio. At HighPoint Advisors, LLC, we help clients throughout the Syracuse area and Central New York region find sustainable investment funds that can help align their portfolios with their values.
What Is Sustainable Investing?
Sustainable investing is a financial strategy that recognizes companies for their positive global impact. This can include investing in companies committed to fighting for social justice, battling climate change, or promoting fair working conditions. Thus, your portfolio becomes a reflection of what’s most important to you. Examples of sustainable investments include:
These investments are focused on three specific factors — environmental, social, and governance. ESG investments are graded on the impact of each of those factors and could include commitments to:
- Climate change
- Human rights
- Animal welfare
- Leadership diversity
- And more…
Socially Responsible Investing
Socially responsible investing is similar to ESG investing, but it also takes ethical guidelines into account. These considerations could be based on religious, political, or personal beliefs. SRI investments could avoid companies based on:
- Firearm manufacturing
- Human rights violations
- Negative environmental impact
- Tobacco and alcohol production
- And more…
Impact investing is designed to tackle the issues most critical to the world today. While the goal is to help companies driving positive societal and environmental change, like ESG and SRI contributions, the decision-making factors behind choosing firms are generally broader.
How Are Sustainable Investments Found?
The first step is to outline what’s in line with your values. Sustainable investments are evaluated by independent, third-party companies and research groups and scored based on ESG principles. While the individual scores for environmental, social, and governance may vary for each company, mixing and matching sustainable, socially responsible, and ethical investing can help balance out your contribution as a whole.
Creating an Intentional Portfolio
Your portfolio can contribute to positive change in the world and your financial future. Studies have shown that the trends of meaningful investments are similar to traditional investments. What’s more, they often show several indications for lower market risks.
There are a host of resources across the internet you can use to learn more about sustainable and socially responsible investments. However, financial advisors who are well versed in this type of investing can help narrow down your search and find the options that align with your values and financial goals. Some of the investments you can make include:
- Stocks: If you’ve found socially responsible companies you’re excited about, investing in their stock can be a great way to get started.
- Mutual funds: When it comes to diversification, mutual funds foster a well-rounded portfolio. This group of investments can include stocks, bonds, and other assets.
- Exchange-traded funds (ETFs): ETFs are securities that trade on exchanges just like stocks, and using them can be another solid way to diversify your portfolio.
After evaluating your financial priorities and investing preferences, a financial advisor can create a winning portfolio that promotes a brighter future for you and the causes you care about.
Find the Right Sustainable Investment Funds for You
Let a financial advisor locate investments you feel good about. Serving the Syracuse area and Central New York region, the financial professionals at HighPoint Advisors, LLC can come up with solutions that balance your principles and financial goals. Contact us today for more information.