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02: The ethical boundaries

There is no universally agreed definition of ethical investment, just as there is no common agreement on where the boundary between ethical and unethical lies. For example, is nuclear power unacceptable because of the toxic waste it produces or acceptable because it reduces greenhouse gas emissions?

A flavour of the issues that can be covered by ethical investment considerations is shown by the table below:

 Social  Environmental  Ethical
Access to medicines
Bribery & corruption
Child labour
Community giving
Community initiatives
Conflict
Corporate governance
Equal opportunities
Health and safety
Human rights
Labour standards
Supply chain management
Air and water pollution
Biodiversity
Climate change
Energy
Environmental management
Mining & quarrying
Nuclear power
Ozone-depleting chemicals
Pesticides
Transport
Tropical hardwood
Waste & toxic chemical management
Water management
Alcohol
Animal testing & fur
Gambling
Genetic engineering
Human rights
Military
Nuclear power
Pornography & adult entertainment
Repressive regimes
Tobacco
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The value of your investments - and the income from them - can fluctuate and it is possible that you might not get back a significant amount of your investment. Past performance is not a guide to future performance and may not be repeated.