Cruelty Free Money speaking tour, Australia, May 2012
Post on 29-Jan-2018
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Introduction
Lee Coates OBE
Director:
Ethical Money (Aus)
Ethical Investors (UK)
Ethical Screening (UK)
Cruelty Free Money – What is it?
The most holistic form of
ethical/responsible investment,
saving and banking
Cruelty Free Money – When did it start?
1992 in the UK
Cruelty Free Money – What are the issues?
My “Three Pillars”
of responsible investment
Cruelty Free Money – What are the issues?
Cruelty Free Money – What are the issues?
People:
• Manufacture and sale of weapons• Human Rights abuse• Child labour• Climate Change• Nuclear Energy• “Sin areas”
Cruelty Free Money – What are the issues?
Planet:
• Deforestation (Palm Oil)• Climate Change• Pollution• Extractive Industries *
Cruelty Free Money – What are the issues?
Animals:
• Live Exports• Animal testing• Intensive farming• Fur• Climate Change
Cruelty Free Money
Back to Basics:
• Banking
• Saving/investment
• Superfunds
Cruelty Free Money –Back to Basics
The Banks:
Cruelty Free Money –Back to Basics
The Banks:
How do they make their money?
• Lending to individuals• Lending to companies• Financial Trading
Cruelty Free Money –Back to Basics
The Banks:
Individual Lending
• Personal Banking• Personal Loans• Mortgages• Credit Cards
Cruelty Free Money –Back to Basics
The Banks:
Individual Lending – Just whose money is it?
Average Deposit Rates - 4%Average Mortgage Rates - 6.5%Average Personal Loan Rates - 8.7%Average Credit Card Rates - 17%
Cruelty Free Money –Back to Basics
The Banks:
Lending to Companies –
Arms ManufacturersLive ExportersNative Forest loggersAnimal testingUsing child labour in productionPolluters
and so on, and so on
Cruelty Free Money –Back to Basics
The Banks:
Moral issue No:1
Unless you control how your money is used, it will be used to finance things you don’t want support.
Cruelty Free Money –Back to Basics
Savings and long term investment:
Cruelty Free Money –Back to Basics
Savings and long term investment:
• Mostly investment in companies (Equities and
Bonds)
• Can be Commercial Property
• Can be infrastructure
Cruelty Free Money –Back to Basics
Savings and long term investment:
Equities and Bonds –
THIS IS IMPORTANT
Cruelty Free Money –Back to Basics
Savings and long term investment:
Equities and Bonds –
REALLY IMPORTANT
Cruelty Free Money –Back to Basics
Savings and long term investment:
If YOU own SHARES in a COMPANY – YOU are an OWNER of that company.
The Directors act in the interests of YOU, the OWNER
So.............................
Cruelty Free Money –Back to Basics
Savings and long term investment:
When the Directors expand their LIVE EXPORTS, their ANIMAL TESTING, increase the
number of BATTERY CAGES....
Cruelty Free Money –Back to Basics
Savings and long term investment:
They are doing it
FOR YOU
and with
YOUR AGREEMENT
Cruelty Free Money –Back to Basics
Savings and long term investment:
If you don’t invest direct in shares, then what about –
• Insurance Savings plans
• Unit Trusts
• Managed Funds
Cruelty Free Money –Back to Basics
Savings and Investment:
Moral issue No:2
Unless you dictate the values applied to your investments, there may be no values applied at all
Cruelty Free Money –Back to Basics
SUPERFUNDS
Cruelty Free Money –Back to Basics
SUPERFUNDS
It is possible to invest in:
• Direct shares• Managed Funds• Property• Infrastructure
Cruelty Free Money –Back to Basics
SUPERFUNDS
MAKE SURE IT IS INVESTED IN LINE WITH YOUR VALUES
Because if you don’t.........
Cruelty Free Money –Back to Basics
SUPERFUNDS
Common Industry Fund holdings (from some of the largest Superfunds):
BHP RIO Wesfarmers(Coles)
Woolworths
Elders Cochlear GlaxoSmithkline Qantas
Gunns NuFarm (GM) TATTS
Nippon Meatpackers
MacDonalds Dassault Charoen Pokphand Food
Canadian Oil Sands
Burberry BP BaE Systems
Cruelty Free Money –Back to Basics
Summary: Who should invest responsibly?
• Individuals with personal values/beliefs
• Charities/Not-for-Profit
• Ethical Businesses
• Trade Unions
Cruelty Free Money
www.crueltyfreemoney.com
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