2. Separate legal and ethical issues. Something may not be OK just because its legal. The question...
Question:
2. Separate legal and ethical issues. Something may not be OK just because it’s legal.
The question is whether ethics should keep investors who do morally condemn the industry from buying tobacco stocks in pursuit of financial returns. Or should the financial market act as a veil that legally and morally separates investors from what is eventually done with their money?
What do you think? Is it ok to invest in the stocks of tobacco companies?
Ethical investing is a growing practice in which people concern themselves with what the companies whose securities they buy do. Also known as socially responsible investing, it generally takes the form of avoiding the securities of firms that engage in activities considered questionable by the investor.
Ethical mutual funds exist which avoid the stocks of companies that engage in certain activities. For example, the Calvert Group Ltd offers a variety of funds that avoid investing in companies associated with unhealthy products and practices or that have poor records on labor relations, human rights, and the environment.
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