Author: Julia

New Ethical Shopping Websites

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Two new websites that focus on ethical shopping recently launched. While these sites do not necessarily follow all of the Fair for All guide’s principles, they offer alternative ways for consumers to find products that align with their values. Both sites require an email address and some other personal information to sign up for a free membership.

Screenshot of Ethical Ocean websiteEthical Ocean offers users the option of filtering products by three dimensions: Good for People, Good for Animals, and Good for the Earth Offerings include clothing and shoes for men, women, and kids; accessories; home décor; gifts; beauty and health products; toys; and a random grab bag of other interesting items. Each product page describes how the product qualifies for one or more of the ethical dimensions.

 

Fashioning Change offers two approaches to ethical shopping. Their “Wear This, Not That” feature matches the styles of specific items at traditional retailers to their ethical counterparts. In love with a shirt from Old Navy? Fashioning Change may list an ethical alternative that looks very similar. This is a great way to demonstrate that fairly-made apparel can be just as fashionable as what you find at the mall. Fashioning Change also offers a more traditional online shopping experience with huge number of filters, including style, price, country of origin, brand, color, and ethical cause. This site focuses on offering clothing, shoes, and accessories for men and women.

Both sites have been added to our Resources page.

Socially Responsible Investing

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Have you ever wondered where the money in your 401(k) or retirement plan is being invested? More and more investors are becoming concerned with this question, leading to a rise in socially responsible investing, or SRI.

SRI generally means investing in companies that benefit society or the environment. However, there is no broad, across-the-board definition of SRI. Different financial service providers use different filters to decide what companies qualify as “socially responsible.” Some common issues that are considered when screening companies are their impact on the environment, labor practices, and any involvement in weapons production.

According to US SIF, an organization that promotes and researches SRI, assets involved in SRI investments increased 13% from 2007 to 2009, even while the economy was struggling. Despite economic uncertainty, people are becoming more committed to investing their money in companies that meet certain standards or uphold certain values.

There is a clear parallel between SRI in the financial sector and ethical consumerism in the retail sector. Just as consumers are beginning to question the ethics of their purchases, individuals are questioning the ethics of their investments as well. When people begin to direct their money to companies that create positive change in the world, and away from those companies that hinder it, we will all reap the benefits.

Do you participate in socially responsible investing? Learn more about SRI and find out how you can get started at US SIF’s resource page for individual investors.

World Day Against Child Labor

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June 12 was the World Day Against Child Labor, an initiative by the International Labor Organization to draw attention to the global problem of exploitative child labor. The ILO estimates that 215 million children worldwide are involved in child labor. Over half of those children are working in the “worst forms” of child labor, which include prostitution and pornography, drug trafficking, dangerous/harmful work, and work done under the conditions of slavery or debt bondage.

According to the ILO, the international community has adopted a road map that outlines steps for ending the worst forms of child labor by the year 2016. The number of children laboring worldwide has declined, but the rate of decline has slowed in recent years in conjunction with lagging economic conditions. Check out the video below from the ILO about the current state of child labor and progress being made to end it. (The ILO has a series of videos about child labor available on their YouTube channel, ILOTV.)

Fair Trade USA Updates Seal

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Fair Trade USA, the certifying body which since 1998 has sported the black-and-white-basket-carrier logo, has updated its look. Along with the new look comes a clarification of their “Fair Trade Certified” vs. “Fair Trade Certified Ingredients” policy. When introduced, the policy had come under fire from other fair trade groups, but it is now more robust and requires products bearing the label to have a higher percentage of Fair Trade ingredients. Read more about the changes and see the new logo at New Hope 360.