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Sin Stocks – Should You Invest?

Written by Jasir Jawaid




More and more investors have started to consider environmental, social, and governance factors before investing in a company. Indeed, in the U.S, Canada, Europe, Japan, and Australasia, responsible investing reached $35.3 trillion in 2020, up 15% over the past two years, according to the Global Sustainable Investment Alliance. And Bloomberg predicts that global ESG assets may top $53 trillion by 2025.


ESG investing means focusing on a company's environmental, social, and governance score before you invest money. ESG investors exclude so-called sin stocks, a moniker given to publicly traded companies involved in sectors considered unethical such as casinos, adult entertainment, cannabis, alcohol, tobacco, or gambling. As you can tell, investing in sin industries is the polar opposite of sustainable investing.


This article was published on JoyWallet and can be read here in full.

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