alcohol, gambling and tobacco. Today, the definition of sin stocks has
changed. More and more investors are veering towards Socially
Responsible Investing (SRI), or investing on eco-friendly projects that
give reasonably good returns…
Also called ethical investing,
socially aware investing, or "green" investing, it indicates an
attitude to investing that combines intentions to maximise returns and
social and environmental good. More and more, investors are trying to
align their investments with organisations based on their products and
services, their environmental impact and policies, labour relations and
human rights records, and community involvement. See http://www.copperwiki.org/index.php/Socially_Responsible_Investing?utm_source=gk_rediff&utm_medium=email&utm_campaign=invite
The interesting thing about people and governments getting more conscious about where to put their money in, is that this has spawned a whole new generation of eco-preneurs, people with eco-friendly business ideas. One such person whom I’ve met quite a few times, is Ramesh Nibhoria. The 2005 Asden Award winner, he has devised a stove that is fuelled by compressed biomass (crop waste). NOt only does the stove emit very little smoke, it also uses crop waste that would have needed a lot of energy to decompose naturally. For more on him, see http://www.copperwiki.org/index.php/Biomass_Briquette_and_Their_Applications?utm_source=geetanjali_yahooanswers&utm_medium=email&utm_campaign=invite
wish there were more such technologies, so that everyone stops using oil…