Ethical fund managers Rathbone Greenbank are profiting from the mining boom by targeting the metal recycling industry.
Rathbone Greenbank says the move into recycling has allowed the firm to enter the sector which has typically been a problematic area for ethical investors.
In the firm’s spring review, Rathbone Greenbank investment director Mark Mansley adds mainstream investors are beginning to follow ethical considerations and fund houses are increasingly launching new products.
“2007 may well be remembered as the year that the world finally and unequivocally woke up to the reality of climate change – with businesses now lobbying for change, Australia signing the Kyoto protocol and even growing signs of real action in the US,” he says.
“For many of us, it is not before time – we have been aware of the challenge of climate change for a decade or more.”
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