Introduction
Investing has become a lot easier and more accessible in the digital age, thanks to robo-advisors. These automated platforms use algorithms to manage and optimize your investments. But what if you want to ensure your money is not only growing but also going towards ethical, sustainable, and socially conscious causes? Thankfully, there are robo-advisors that cater to ethical investing. Let’s take a look at some of the top robo-advisors for ethical investing.
Betterment
Socially Responsible Investing (SRI) Portfolio
Betterment is one of the most popular robo-advisors and it offers a socially responsible investing (SRI) portfolio. This portfolio aims to maintain the diversified, low-fee approach of Betterment’s core portfolio while increasing investments in companies that meet SRI criteria. This robo-advisor provides a globally diversified portfolio of ETFs that score well on environmental, social, and governance (ESG) criteria.
Wealthsimple
Socially Responsible Investing
Wealthsimple is a Canadian robo-advisor that offers a socially responsible investing portfolio. Their SRI portfolio is made up of a mix of ETFs that focus on low carbon, clean tech, human rights, and good governance. Wealthsimple also offers Halal investing, which is compliant with Islamic law.
Ellevest
Impact Portfolios
Ellevest is a robo-advisor designed specifically for women, and it offers impact portfolios with a focus on companies that advance women. These portfolios include investments in companies with more women leaders and policies that advance gender equality. Ellevest also includes investments in companies that are sustainable and ethical.
OpenInvest
Customizable Impact Investing
OpenInvest is a unique robo-advisor that allows you to customize your investments based on your values. You can choose to invest in a variety of causes, such as LGBTQ+ rights, climate action, and ethical supply chains. OpenInvest uses ESG metrics to screen companies and create a portfolio that aligns with your values.
Earthfolio
Environmentally-Focused Investing
Earthfolio is a robo-advisor that focuses on environmentally-friendly investments. They offer a fully automated online platform that invests exclusively in green and sustainable companies. Earthfolio uses ESG criteria to select companies that are leaders in environmental responsibility.
Conclusion
Ethical investing is becoming more popular as investors seek to align their financial goals with their personal values. These robo-advisors make it easy to invest in a way that is both profitable and socially responsible. Whether you’re interested in gender equality, environmental sustainability, or human rights, there’s a robo-advisor out there that aligns with your values.
