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Social Responsibility: Making Sustainable Investment Choices for Your Children

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children By vastateparksstaff via Flickr

Many parents choose to plan for their children’s future by creating an investment portfolio, but many dominant stocks and funds support causes that aren’t consistent with a sustainable future. This limits your options, but it can also help teach your children a valuable lesson – we don’t just invest in smart, successful companies, but in causes we believe are doing the right things in the world.

So how can you get your family involved in sustainable investing? Here are two key ways to enter this growing market.

Considering Divestment

One of the most popular modes of socially responsible investing (SRI) is based on opting out of the fossil fuel industry, a strategy known as divestment at the broadest level. First, divestment means pulling any money already invested in fossil fuels out of those stocks or funds. Then, investors need to place that money in other companies that share this commitment. It isn’t enough to skirt the issue of fossil fuels by avoiding directly supporting the industry. You should do your homework and find out what companies have also adjusted their portfolios in this way.

You may have a hard time separating your investments from fossil fuels because there’s so much money in the field, but as SRI grows in popularity, it should be easier to find pre-compiled lists of companies that are part of the divestment movement. Some financial advisors also specialize in SRI and can guide you through this process.

The ESG Framework

Another major model for sustainable investing is the environmental, social, and governance (ESG) approach, a framework that’s meant to identify industry leaders who show particular concern for the impact of their actions. This may mean demonstrating a commitment to environmentalism, transparency, diversity, and even tax policy. Such companies understand that social responsibility can provide a competitive edge in today’s market, and ESG has gained such popularity that even Goldman Sachs has developed ESG-focused tools.

The main issues underlying ESG-based financial decisions are simple enough for a child to understand, so don’t hesitate to discuss this investment strategy, even with young children. While your kindergartener may not be ready to understand the inner workings of a mutual fund, they already grasp why we take care of the earth and each other. You can also introduce the topic by discussing how some companies pay a lot of attention to taking care of the earth and the people and animals that live on it, while others don’t. This will lay the foundation for more complex conversations about social responsibility as your children grow.

Negotiating Custodial Accounts

As you develop an investing plan for your children’s future, you’ll have to create a custodial account that allows you to control their portfolio until they’re of legal age. Depending on how it’s structured, one or both parents’ names may be on the account, and it’s important to be clear about this issue. In the event of a divorce, you may need to consult a family lawyer who’s knowledgeable about financial issues to avoid common post-divorce disputes over who manages your children’s investments.

The face of investing is changing with the development of stronger social ethics, and it’s never too early to introduce these issues to your child. As they learn about money, give them opportunities to make commitments to social issues they care about and talk about how you’re saving money for them in ways that share a concern for the world they are growing up in.

Many parents think their children are too young to understand these issues, but SRI isn’t complicated – it’s an ethical approach to the future.

 

Environment

Extra-Mile Water Conservation Efforts Amidst Shortage

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water conserving

While some states are literally flooding due to heavy rains and run-off, others are struggling to get the moisture they need. States like Arizona and California have faced water emergencies for the last few years; water conserving efforts from citizens help keep them out of trouble.

If your area is experiencing a water shortage, there are a few things you can do to go the extra mile.

Repair and Maintain Appliances

Leaks around the house – think showerheads, toilets, dishwashers, and more – lead to wasted water. Beyond that, the constant flow of water will cause water damage to your floors and walls. Have repairs done as soon as you spot any problems.

Sometimes, a leak won’t be evident until it gets bad. For that reason, make appointments to have your appliances inspected and maintained at least once per year. This will extend the life of each machine as well as nip water loss in the bud.

When your appliances are beyond repair, look into Energy Star rated replacements. They’re designed to use the least amount of water and energy possible, without compromising on effectiveness.

Only Run Dishwasher and Washer When Full

It might be easier to do a load of laundry a day rather than doing it once per week, but you’ll waste a lot more water this way. Save up your piles of clothes until you have enough to fully load the washing machine. You could also invest in a washing machine that senses the volume of water needed according to the volume of clothes.

The same thing goes with the dishwasher. Don’t push start until you’ve filled it to capacity. If you have to wash dishes, don’t run the water while you’re washing. Fill the sink or a small bowl a quarter of the way full and use this to wash your dishes.

Recycle Water in Your Yard

Growing a garden in your backyard is a great way to cut down on energy and water waste from food growers and manufacturers, but it will require a lot more water on your part. Gardens must be watered, and this often leads to waste.

You can reduce this waste by participating in water recycling. Using things like a rain barrel, pebble filtering system, and other tools, you can save thousands of gallons a year and still keep your landscaping and garden beautiful and healthy.

Landscape with Drought-Resistant Plants

Recycling water in your yard is a great way to reduce your usage, but you can do even more by reducing the amount of water required to keep your yard looking great. The best drought-resistant plants are those that are native to the area. In California, for example, succulents grow very well, and varieties of cactus do well in states like Arizona or Texas.

Install Water-Saving Features

The average American household uses between 80 and 100 gallons of water every single day. You obviously can’t cut out things like showering or using the toilet, but you can install a few water-saving tools to make your water use more efficient.

There are low-flow showerheads, toilets, and faucet aerators. You could also use automatic shut-off nozzles, shower timers, and grey water diverters. Any of these water saving devices can easily cut your water usage in half.

Research Laws and Ordinances for Your City

Dry states like California, Arizona, New Mexico, and Nevada must create certain laws to keep the water from running out. These laws are put into practice for the benefit of everyone, but they only work if you abide by the laws.

If you live in a state where drought is common, research your state and city’s laws. They might designate one day per week that you’re allowed to water your lawn or how full you can fill a pool. Many people are not well versed in the laws set by their states, and it would mean a lot to your community if you did your part.

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Environment

Cyprus is the Forerunner for Ecotourism

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When I was looking for a second citizenship, I happened to see One Visa’s offer on Cyprus Citizenship by investment program. I had heard about Cyprus being a beautiful country, but I did not know much else, so I decided to start my own research about this gem of a place.

After I did some research, I discovered that Cyprus is a popular destination for tourists. Unfortunately, heavy tourism and the associated development affected villages here and there, with some communities being slowly abandoned. To avoid this from happening any further, Cyprus went into ecotourism, and today, it is the forerunner in this arena. Let’s look in further detail at ecotourism in Cyprus here.

How was it started?

It all started in 2006 with the launch of the “Cyprus Sustainable Tourism Initiative.” This program has the sole scope of promoting ecotourism developments in the tourism industry. It concentrates on those areas which require conservation and environmental safety. At the same time, it helps develop social, as well as economic statuses in the rural parts of Cyprus. Through this program, the government was able to acknowledge that ecotourism will play an essential role in the future of Cyprus, with the concept gaining momentum among tourists from all over the globe.

How to go about it?

So, now you are interested in going for an ecotourism vacation in Cyprus. How will you go about it? I would immediately say that everyone should visit the quaint Cypriot villages spread throughout the island. These communities have a smaller population, and not many tourists visit. They make for a great relaxing spot. Enjoy seeing the bustle of village life go by where simple pleasures abound. Most hamlets are linked by specific minibus tours which ferry tourists to these havens. These trips will have a regular schedule, aimed at promoting ecotourism further. Such tours will be regulated to ensure that while the villages can benefit and develop, they do not get overpopulated or overcrowded with tourists. Therefore, you can be sure to enjoy the beautiful sceneries that nature has to offer here.

If you are wondering if there are any activities to do here, my answer would be: “Yes, plenty.” You can go for some guided walks across various regions here. Here you will be able to explore the diversified natural beauty and wildlife of the area. Several agritourism activities and services are planned to open shortly. Once launched, you will be able to engage in picking olives, milking goats, and several other such events here.

What can be learned?

Although we are aware that natural resources need to be preserved, we do not always remember it in real life. When we go on tours such as these, we can realize the significance of protecting nature. Also, when more and more people visit these places, the concept of ecotourism will become popular among more people. Awareness about ecotourism is set to grow and spread throughout the world. Subsequently, sustainable tourism will gain popularity around the globe with Cyprus being the forerunner for ecotourism .

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