Ethical Investment And Ethical Fashion
Ethical Fashion:
Ethical Fashion:If you thought ethical fashion referred to not-so-stylish fabrics and old-fashioned designs then think again. Thanks to the rise in globalizations and awareness, serious issues like environmental damage and exploitation of workers in sweatshops across the world have come to the attention of consumers. Environmentalists as well as human rights activists are also urging people to take notice of how major fashion brands are working and whether or not any harm is being caused to the environment and workers due to their functioning. Due to the rise in awareness among consumers, companies are finding it difficult to run their business in an unethical manner. With the advancement in technology it has become easy to spread the word to boycott products of unethical organizations. This is one of the main reasons why several fashion companies have started taking environmental concerns as well as working condition of their labors into serious consideration. The present need for consumers is to choose companies that are producing clothes and accessories without causing minimal or no damage to the environment.
Ethical Investment:
In today's competitive world, if investors think only about profitable stocks and returns on their investment, there are chances they will not get better returns. According to finance experts, investors need to think beyond reaping profits and try to avoid stocks of companies that are causing damage to the environment. Even if such companies promise good returns, investors should avoid investing on the basis of ethics. For instance, religion is one factor on the basis of which many people avoid investing money into companies that produce substances such as drugs, alcohol or tobacco. By choosing green companies for ethical investment, investors can send a clear note to such companies that they don't want to encourage their products. Investment behavior like this has not only been considered a welcome sign for the stock market but it also a great way of promoting long term environmental and social well being along with ethical consumption. The present need for finance companies and investors is to select companies that are making significant contributions and making a positive difference to the environment and communities.
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