The Duke and Duchess of Sussex continue to expand their business empires. Prince Harry and his wife Meghan Markle are partnering with a company that helps build a portfolio focused on sustainable investments.
Harry and Meghan are working with Ethic, a company created five years ago that promotes investment in companies with good environmental, social and governance (ESG) histories. Ethick confirmed the partnership in a blog post on Tuesday (12).
“They are deeply committed to helping solve the defining issues of our time – such as climate, gender equality, health, racial justice, human rights and strengthening democracy – and understand that these issues are inextricably linked. are,” the company said of its new partners.
Ethick said the Duke and Duchess of Sussex invested in the company earlier this year and is now also invested by Ethick. The company, however, did not specify the type of shares or funds the couple held.
“My husband has been saying for years, ‘Wow, wouldn’t you want a place where, if your values aligned, you could put your money that way?'” Markle said in an American newspaper The New York Times. Interview with, which revealed the partnership.
“When it comes to picking and choosing brands you already have the younger generation voting with their dollars and their pounds,” Prince Harry said in a DealBook interview.
The ethics are part of a growing trend of ESG investing on Wall Street. Rival companies such as Betterment and OpenInvest also promote socially responsible investing.
Financial services giants BlackRock, Vanguard and Fidelity have also promoted ESG investment proposals.
Ethick said in a statement that it expects the two most famous people on the planet to push for ESG investing to make this style of portfolio management even more popular.
“They want to shed light on how we can all influence the causes that affect our communities, bring transparency to how the corporate world sets the tone and shape outcomes for everyday families. and believes that more people should have a seat at the table when it comes to making progress,” he told Ethic. “With their partnership, our shared vision of a world in which all investments are sustainable investments, reach millions of people around the world.”
The partnership with Ethik is the latest of several ventures announced by the couple in recent months.
The two have been extremely busy since negotiating with Queen Elizabeth II in February not to be working members of the royal family after announcing plans to step down from official duties and become “financially independent” in March 2020.
Prince Harry said in March that he would become director of influence for BetterUp, a US-based training and mental health company. Harry and Meghan have also closed major content deals with Netflix, Spotify and Apple since early 2020.
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