Socially Responsible Investing is the Future of Philanthropy

socially-responsible

The society we are living in is undergoing the process of development every day. There are a number of philanthropists and social workers who are working in this field to cooperate with each other. One of these philanthropists is Aman Mehndiratta. Aman is working as an entrepreneur, philanthropist and over the investor. He is trying his best to bring the development and betterment in the society which has not been able to come in the last few years.

Aman Mehndiratta is known for his great works and services in the field of philanthropy and charity processes. Always he keeps working on the strategies and plans related to the helping programs running for the unprivileged and other people who are in desperate need of such help.

As he is a big name in the corporate world, basically in the investment business, he thinks if combining both the processes together could do some good the society. Combining both means philanthropy and investing. That’s how he came to learn about ‘Socially Responsible Investing’.

What is Socially Responsible Investing?

In basic and simple words, socially responsible investing can be defined as an investment that is considered responsible in social terms because of the nature of the business the company conducts.

There are many themes or we can say criteria that are used under this kind of investing but the common themes for these socially responsible investments mostly include avoiding investment in companies that produce or sell addictive substances that is alcohol, gambling, and tobacco.

 Seeking out or making an investment in the companies engaged in social justice, environmental sustainability, alternative energy resources, and clean technology efforts. These are some of the dos and don’ts necessary for impact investments.

Aman is the philanthropist who is trying to help out the ones in need or the unprivileged people by the means of socially responsible investment. He prefers to make investments in the startups and even in the well-established ventures but on the note, they are working in the field of technology. He has an enormous interest in technology. The reason behind is, technology is potent enough to bring the development in the standards of living which he is urging for.

Goals of Socially Responsible Investment

The main and foremost goal of SRI is making philanthropy accessible on a bigger level in society.

But there are two other goals of socially responsible investing which are inherent in nature- First is social impact and the other is financial gain.

Social impact and financial gain

The two do not go hand in hand. It is not necessary it will provide investors with a good return just because an investment touts it as socially responsible. Aman always assesses the financial outlook of the investment and he always says that it is a must for this kind of investment.

The goal is to improve the quality of the society by reducing its dependency on government assistance. These assistances are welfare or betterment of the living generation and the coming ones also. In turn, it has a positive impact on society’s economy as well as the living standards.

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