Private bank offers investments for good
Kleinwort Benson has partnered with Investing for Good to offer the private bank’s clients access to social and ethical investment services.
The bank is also developing a pool of listed FTSE350 companies, based on research by the Ethical Investment Research Service (EIRiS), which it will adapt to include only those companies making positive social contributions, for example companies which have strong human rights or environmental policies.
Guy McGlashan, Head of Private Wealth Management Services at Kleinwort Benson, said: “Our association with Investing for Good will enable our clients to align their investment portfolios with the social and environmental issues close to their hearts. Besides delivering an element of financial return, these investments can make a real difference in areas such as education, economic development, healthcare and poverty.”
Geoff Burnand, chief executive of Investing for Good, said, "The idea of putting capital to work for good is moving from the periphery of activist investors to the core of mainstream financial institutions. Philanthropy and social investing are new asset classes that enable the investor to really engage with the issues they care about."
Investing for Good offers advice and portfolio management services using investments whose primary purpose is to deliver positive social impact and sustainable environmental change. These include grant-making, venture philanthropy and investments that can drive the solutions to address key issues such as community finance, fair-trade, ethical consumerism and microfinance.