Harry and Meghan announced that they are new “impact partners” and investors with Ethic, a New York-based sustainable investment firm. In an interv
Harry and Meghan announced that they are new “impact partners” and investors with Ethic, a New York-based sustainable investment firm. In an interview with the New York Times’s DealBook, Meghan commented: “From the world I come from, you don’t talk about investing, right?”
She continued: “You don’t have the luxury to invest. That sounds so fancy.
“My husband has been saying for years, ‘Gosh, don’t you wish there was a place where if your values aligned like this, you could put your money to that same sort of thing?”
Announcing the news on the Archewell website, the Duke and Duchess began their statement by saying, “When we invest in each other we change the world…”
The statement read: “Be it through the investment of time (as with mentoring), investment in community (as with volunteering), or the investment of funds (for those who have the means to), our choices – of how and where we put our energy – define us as a global community.
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The investment firm said that the couple “want to shine a light on how we can all impact the causes that affect our communities,” and to “bring transparency into how the corporate world sets the tone and shapes outcomes for everyday families.”
Speaking to DealBook, the Duke and Duchess spoke of how they came across Ethic through friends.
Ethic was founded in 2015, and one of the company’s founders divulged that it has tripled the assets it manages in the last year.
The investment firm looks at how companies and sectors do based on criteria such as racial justice and the climate.
The Sussexes detailed how they hoped that this partnership could “help democratize investing,” demystifying it for younger people considering money choices.
Prince Harry said: “You already have the younger generation voting with their dollars and their pounds, you know, all over the world when it comes to brands they select and choose from.”
He suggested that this mentality could easily apply to investing.