Ethical Investments
What makes the Foresters Friendly Society Ethical fund ethical?
For the socially and environmentally conscious, ethical funds can be very attractive, but one ethical fund is not necessarily the same as another.
The Foresters Friendly Society Ethical Fund is ethical because it does not invest in companies substantially involved in any of the following:
Animal Testing
- which has tested (or not disclosed otherwise) its cosmetics products on animals in the last five years, or since they had a fixed cut-off date policy
- which has tested (or not disclosed otherwise) its cosmetic intermediates on animals in the last five years
Gambling
- which derives more than 10% of their annual turnover from gambling
Health and Safety Convictions
- where any part of the company has been convicted following Health and Safety Executive prosecutions more than once in the last three years
Human Rights
- with operations in at least five countries listed in EIRIS
'Category A'.
(EIRIS is a leading global provider of independent research into the human rights, social, environmental and ethical performance of companies operating within countries with oppressive regimes. Visit the EIRIS website.)
Intensive Farming
- which derives any turnover from intensive pig or poultry farming Military - nature of involvement
- where its products or services constitute strategic parts of a weapons system
- which have been involved in the sale or production of strategic goods or services for products or services which constitute nuclear weapons systems
- where its products or services constitute the sale or production of nuclear weapons systems
- which have been involved in the supply of strategic services for nuclear bases
- which is a major international producer with military sales (or sales activities) in specific countries Nuclear Power
- which owns or operates nuclear power stations
Pornography and Adult Films
- which publishes or wholesales pornographic magazines or newspapers
- which distributes cut 18 certificate films or videos
Tobacco
- which derives more than 10% of their annual turnover from the production or sale of tobacco
- sustainable timber
- which EIRIS identified as having an annual usage of over 100,000 cubic metres of timber with limited evidence of sustainable timber sourcing standards
Water Pollution
- which has exceeded their discharge consents in the last year more than 10 times
- which has breached a discharge consent for a Red List substance during the last three years.
(Environmental Protection (Prescribed Processes and Substances) Regulation 1991. Sets out a list of prescribed substances requiring close monitoring and control before they can be discharged to water.)
