Prince Harry and Duchess Meghan join the New York company Ethic

Prince Harry and Duchess Meghan join the New York company Ethic. They will be tasked with promoting sustainable and socially responsible investments. In addition, they have been working for Netflix and Spotify streaming services for a long time. Harry also advises on mental health. After Prince Harry and his wife, Meghan Markle, relinquished their royal honors and duties in early 2020, they had to start looking for something to feed them off the walls of Windsor Palace. After almost two years, it turns out that getting a job is not a problem for them, quite the opposite. The New York Times reported on Tuesday that Harry and Meghan are joining the Ethic investment fund, where they are to play the role of so-called "impact partners". This means that they will be tasked with raising awareness of issues such as climate change or racial and income inequality, said fund co-founder Jay Lipman. The company does not state how much the payout of a closely watched couple will make. Ethic is riding the wave of the ESG trend. This acronym simply puts investments in environmentally and socially responsible companies. Such investments (due to the effort to reverse climate change) have become very popular, especially recently. According to estimates by the global alliance GSIA, up to $ 35 trillion is parked in ESG's assets, warns Bloomberg. The Ethic fund alone has a volume of approximately $ 1.3 billion. Based on client assignments, it offers tailor-made investments according to how individual companies perform: whether they do not abuse cheap labor, how many emissions they emit, and so on. According to the Guardian news website, Harry and Meghan hope that their involvement in Ethics will encourage more young people to invest their money in responsible companies. "We want to reshape the nature of investing, helping to solve the global challenges we all face. This is one of the ways we apply our values, "the couple wrote in a joint statement. "Our choice of what and how we invest in energy defines us as a global community." In addition, Prince Harry believes in young investment power. According to him, the new generation of investors and consumers does not only take into account how advantageous an item is for them. They are also concerned about the impact of business on the environment in which they operate. "The younger generation is already deciding with their dollars and pounds when choosing which brand to buy."