However, despite 53 percent of people saying they weren’t aware of the control they have over their savings, 45 percent indicated interest in ethical investing.
Following from this, a “radical break away from the idea that a person’s investments are beyond their control”, has been predicted by George Critchley, founder and chairman of TBCFP.
Mr Critchley continued: “It is only a matter of time before the public conscious turns its eye to exactly how funds are being invested and the impact they can have on the world at large.
He said it is little different from people making lifestyle choices with a view to their wider consequences.
For example, more people are choosing to drive electric cars, eat sustainable food and buy renewable energy.
Stressing the importance of ethical investing, Mr Critchley urged now it can take just a few clicks to ensure that their funds can demonstrate measurable social benefit.
ESG funds have actually outperformed sector averages consistently over the past five years.
TBCFP has invested over £30million in a variety of impact, sustainable and ethical investment solutions for its clients.
When considering ESG investments, there will be many factors.
Environmental considerations will include a business’s attitude to waste, pollution, greenhouse gas emissions , deforestation and climate change to name a few.
Social criteria will factor in how the company treats its employees, diversity, work conditions, health & safety and if they may have mis-sold products in the past.
Finally, governance scores are based on the governance of a company. For example, how much senior executives are paid compared to others, tax practices, corruption & bribery and board diversity.