A combination of will and a code of practice are necessary for the success of ethical investing, writes PM Devaiah
The world today has scorned the idea of laissez-faire, the product of a so-called enlightened marketplace with freedom from government interference. Such a practice was in vogue at one time as a way to unleash human potential through a natural system, one that was unhindered by government restrictions.
Nowadays, in a progressive and evolved market, general partners (GPs) and limited partners (LPs) in the dominion of private equity have given a clarion call to engage and adopt an investment strategy that considers financial return, responsible investing and social good to bring about positive and sustainable social change.
“Socially responsible investing” is one of several related concepts and approaches that is now embraced by portfolio managers as a way to deploy capital in the larger matrix of ethical investing.
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PM DEVAIAH is a partner and general counsel at Everstone Capital Advisors in Bengaluru. The views expressed are personal.