Ethical investing has become increasingly popular as more investors look to align their portfolios with their values. Choosing the best app can help individuals easily invest according to environmental, social, and governance (ESG) factors. This article explores top recommendations for ethical investment apps, key features to consider, and how values-based investing can lead to positive impacts.
Top apps provide customized ESG screening and ratings
Many ethical investment apps allow users to customize screening criteria based on personal values. For example, OpenInvest helps investors build portfolios that match specific issues like climate change, gender diversity, or labor practices. Another popular choice, Swell Investing, offers portfolios focused on areas like green tech and renewable energy. Understanding an app’s approach to ESG ratings can help determine if it aligns with your priorities.
Automated investing available through robo-advisors
Robo-advisors like Betterment and Wealthsimple offer automated portfolio management, helping beginners easily participate in values-based investing. They construct diversified, low-cost ETF portfolios while allowing customization of individual ESG criteria. Set-it-and-forget-it automated investing makes it simple to put your money to work supporting causes you care about.
Leading brokerages expanding ethical investment offerings
Mainstream brokerages like Charles Schwab and Fidelity provide growing options for ESG investing, from values-based mutual funds and ETFs to portfolio screening tools. Their existing account functionality can facilitate easy management alongside traditional investments. Specialized resources, like Schwab’s ESG Equity Ratings, provide transparent ESG data to guide investment decisions.
Investing apps empower individuals to make an impact
Ethical investing apps democratize access to values-based investing, allowing everyday investors to construct portfolios that reflect their vision for society. By directing capital towards companies with strong ESG practices, individuals can leverage their investment dollars to motivate better corporate citizenship – for example, by encouraging sustainable operations or improved labor conditions within global supply chains.
Ethical investing apps now make it easy for anyone to build portfolios that align with their environmental and social values. Leading choices provide customized ESG screening, ratings, and investment recommendations to simplify values-based investing. And by enabling individuals to vote with their investment dollars, these apps ultimately empower investors to make a meaningful impact.