Ethical Managed Funds
I think these are quite worthy and I have a fair chunk of my investments in them:
Australian Ethical Investment a more deep green investment style - Australian Ethical Large Companies Share Trust.
Looks like they are readying an international ethical share fund as well, from what their web site says.
Hunter Hall Investment Management - Hunter Hall Australian Value Trust, Hunter Hall Global Ethical Trust. HH also has a LIC called Hunter Hall Global Value Limited (ASX: HHV). These take a more negative screening approach, i.e. they try to avoid investing in “bad” companies.
I also like the “index fund” approach to investing from a pure theory kind of viewpoint.. but by their nature I guess the “ethical” managed funds need some kind of active managent. I wonder if there is a way to make some kind of Ethical Index Fund or something.