U.K. Ethical Investment

Abstract

Ethical investment is increasingly concerned with the social responsibilities of businesses. This article describes the diversity of ethical concerns in the U.K. as identified by three authoritative sources. Three specialist indexes reflecting specific ethical concerns are presented: environmental impact, military involvement, and positive corporate behavior, together with a fourth index representing a balance of ethical concerns. While issue-specific indices may be feasible in certain circumstances, the paramount objective of benchmarking ethical investments in the U.K. requires a broadbased master index.