Friday, April 11, 2008

Step Eleven Saving for the Planet

If you have a nest egg, or are contributing to a pension plan its worth looking at where the money is invested.

These days there are a lot of green funds out there. Some use positive screening to invest in companies that are investing in renewable energy and similar industries. Others use negative screening to exclude companies that invest in areas such as nuclear power, armaments and other sectors.

Ireland's National Treasury Management Agency recently announced plans to exclude firms that manufacture cluster munitions form their holdings, and perhaps they could go further and take out tobacco firms as well, given that they are using the money to pay the health costs of those who have suffered the ill-effects of smoking.

If you’re contributing to pension plan, ask where the money’s being invested, and maybe you can use your influence to change the world for the better.

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