Introduction
Retirement is a time when individuals can finally relax and enjoy the fruits of their labor․ However, it is also a critical period where managing finances becomes crucial․ One aspect of retirement planning that retirees should consider is socially responsible investing (SRI)․ SRI allows retirees to align their investment portfolio with their personal values and contribute to making a positive impact on society and the environment․ In this article, we will explore what socially responsible investing is and how retirees can incorporate it into their retirement plans․
What is Socially Responsible Investing?
Socially responsible investing, also known as sustainable investing or ethical investing, is an investment approach that considers both financial return and social/environmental impact․ It involves selecting investments based on environmental, social, and governance (ESG) criteria․ These criteria can range from environmental sustainability, labor practices, human rights, diversity, and corporate governance․ The goal of socially responsible investing is to generate positive social and environmental change while achieving financial goals․
