Greens tackle ethics of investment

Ways in which Edinburgh can make its money work harder and fairer will be highlighted at a meeting in the capital on Thursday night (6 March 2008) (1).

Organised by Edinburgh Young Greens, the meeting, Where’s Your Money Going? Ethical Investment in your University, Your City and Your Country will examine the ways in which Edinburgh University, the City Council and other major bodies prop up appalling practices across the world.

One of the speakers, Leith Walk Green councillor, Maggie Chapman, has already exposed the fact that the pension fund used by City of Edinburgh Council invests in the world’s top five arms dealers (2).

Councillor Chapman said

Edinburgh is one of Europe’s great financial centres. Within the city we have the means to make sure the investment decisions we all make support a greener, safer and more socially just world.

Ethical investment is fast-becoming a popular choice.  Not only does it make social sense; in these turbulent times, it makes economic sense too.  Greens want to reach the stage where all investment is ethical. And we believe that individual citizens back us in this aim.

The meeting takes place in the Chaplaincy Centre of Edinburgh University at 7pm on Thursday 6 March.

Notes to Editor

1. The meeting is detailed here

2. An ethical investment motion put before the City Council by Green Councillor Maggie Chapman is detailed here