4th of October, 2019
Investment in UK green and ethical funds has shown strong growth with a jump to just over £23.5 billion*, according to the latest figures compiled by the EIRIS Foundation. The Foundation, a charity working in the area of responsible investment, has released the estimate ahead of next week’s annual Good Money Week campaign. This figure is based on research which considers funds under management figures of UK domiciled green and/or ethical retail funds. This year’s estimate, significantly up from just over £19 billion in 2018, reflects the growth in demand for both existing and new investment products that take environmental and social issues into account.
Peter Webster, CEO of the EIRIS Foundation, said:
“We are pleased to see such strong growth in the retail market which is just one of the positive indicators we’ve noticed this year with regards to the expansion and development of the sustainable and responsible finance sector in the UK. Growing awareness of the need for action with regards to climate change and other increasingly urgent social issues has contributed to this rise. Retail investors are looking to extend their conscious purchasing decisions to their finances and we’ve seen some innovative new product launches aimed at meeting this demand. . We look forward to even stronger growth in the future as we work with others to build a more sustainable economy.”
Notes to Editor
*Please note, this figure is estimated based on funds under management figures of UK domiciled green or ethical retail funds. This seeks to avoid money in green or ethical funds domiciled outside of the UK. This is based on information available to the EIRIS Foundation, provided by fund providers or available through research.
About the EIRIS Foundation
The EIRIS Foundation is a charity registered in England and Wales working in the area of responsible investment. The Foundation has over 30 years’ experience of providing free and objective information on ethical finance and corporate activity to other charities and the public.
Its mission is to use research, analysis and influence to identify gaps, barriers, opportunities and enablers so that we can help organizations and individuals maximise their contribution to the responsible business and investment agenda. For more information please visit: www.eirisfoundation.org.
About Good Money Week
Good Money Week (www.goodmoneyweek.com) is a national campaign taking place from 5 – 11 October 2019 run by the UK Sustainable Investment and Finance Association (UKSIF), which is aimed at raising awareness of sustainable and responsible finance to help people and organisations make good money choices.