Ethical investing

Invest to reflect your personal values, for a flat fee of £9.99 a month. Our impartial insight can help you make the right choice for you.

Investing for good is not just straightforward with ii, it is ACE. We have collated more than 140 ethical investment options to help you identify the socially responsible and environmental funds, investment trusts and exchange-traded funds (ETFs) that best reflect your own values.

From these we have selected our ACE 40, the UK’s first rated list of ethical investments, with each fund sorted by asset class and placed into one of our ii ACE ethical styles.

ACE ethical styles explained

Avoids

Funds that exclude specific companies, sectors or business practices, such as tobacco.

Considers

Strict environmental, social and governance (ESG) criteria, such as pollution levels, are taken into account.

Embraces

These focus on companies that deliver positive social and/or environmental outcomes, such as renewable energy.

Where a fund's manager adopts more than one style, we use the strongest category that applies. 

Our video explains more about ethical investing, while this article looks at why investing ethically does not have to mean sacrificing returns.

Ethical Investing Explainer video

Our aim is for our long list to be as comprehensive as possible, as we recognise that different people have different aims and opinions. Ethical investment is uniquely personal, meaning that investors may take a significantly different view of an investment.

The information we provide in the ethical investments long list does not constitute a personal recommendation. You should ensure any investment decisions you make are suitable for your personal circumstances. Past performance of the underlying constituents is not a guarantee of future performance. Remember, the value of investments and any income from them can fall as well as rise, so you could get back less than you invest.

Insight

Our ethical investment list has been built in collaboration with SRI Services – an independent company devoted to advancing sustainable and responsible investment (SRI) – and uses information from our data provider, Morningstar. You will see two related categories in our list:

The Fund EcoMarket (FEM) zeroes in on the core issues and approach of the fund manager.

The Morningstar Sustainable Fund Type identifies sustainable investments that state they either use ESG criteria as a key part of the screening process, indicate a sustainability-related theme or seek measurable positive impact alongside financial return.

You can find full definitions of each category here.

This list will be updated as new funds, trusts and ETFs are launched with an ethical or sustainable approach. We hope it serves as a starting point for your own research to ensure your choices align with your values and priorities.

Moira O'Neill
Head of Personal Finance
at interactive investor

Tools

Ethical growth portfolio – designed to give you an idea about how you can build your own balanced ethical portfolio

Jargon buster – get a better understanding of ethical investing and the funds you are considering

We answer your questions about the ethical investment list and how to start investing - click here to find out more.

Ethical investments long list

UK equities

Name

ii ACE ethical style

Fund EcoMarket (FEM) category

Morningstar Sustainable Fund Type

ASI Responsible UK Equity I AccConsidersEthically BalancedESG Focus
ASI UK Ethical Plat 1 AccConsidersEthically BalancedESG Focus
BMO Responsible UK Equity 2 IncConsidersEthically BalancedESG Focus
Castlefield B.E.S.T Sust UK SmComs InstlConsidersSustainability ThemedESG Focus
EdenTree Amity UK BConsidersEthically BalancedESG Focus
Aegon Ethical EquityAvoidsNegative EthicalESG Focus
L&G Future Wld Gender Lead UK Idx I AccConsidersSocial ThemedImpact
Liontrust Sust Fut UK Gr 2 Net AccConsidersSustainability ThemedESG Focus
Liontrust UK Ethical 2 Net AccConsidersNegative EthicalESG Focus
Premier Ethical C AccConsidersEthically BalancedESG Focus
Royal London Sustainable Leaders C AccConsidersSustainability ThemedESG Focus
Threadneedle UK Sustainable Equity Z AccConsidersSustainability ThemedESG Focus
UBS ETF MSCI UK IMI SRI GBP A disAvoidsNegative EthicalESG Focus

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UK equity income

Name

ii ACE ethical style

Fund EcoMarket (FEM) category

Morningstar Sustainable Fund Type

BMO Responsible UK Income 2 AccConsidersEthically BalancedESG Focus
Castlefield B.E.S.T. Sust Inc InstlConsidersSustainability ThemedESG Focus
Janus Henderson UK Responsible IncConsidersEthically BalancedESG Focus
Jupiter Responsible Inc Fd I IncConsidersEnvironmentally ThemedESG Focus
Trojan Ethical Income X AccAvoidsEthical - BalancedESG Focus
Unicorn UK Ethical Income B AccAvoidsNegative EthicalESG Focus

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Global equities

Name

ii ACE ethical style

Fund EcoMarket (FEM) category

Morningstar Sustainable Fund Type

ASI Ethical World Equity I AccConsidersEthically BalancedESG Focus
ASI Multi-Mgr Ethical I AccConsidersEthically BalancedESG Focus
Baillie Gifford Global Stewardship B AccConsidersSustainability TiltESG Focus
Baillie Gifford Positive Change B AccEmbracesSustainability ThemedImpact
Baillie Gifford Rspnb Glb Eq Inc B IncConsidersESG PlusESG Focus
BGF Sustainable Energy D4 GBPEmbracesSustainability ThemedSustainable Sector
BMO Responsible Global Equity 2 AccConsidersEthically BalancedESG Focus
BMO Sustainable Opports Glb Eq C AccConsidersSustainability ThemedESG Focus
BNY Mellon Sus Global Eq Instl W AccConsidersSustainability ThemedESG Focus
BNY Mellon Sust Glbl Eq Inc Inst W IncConsidersSustainability ThemedESG Focus
EdenTree Amity International BConsidersEthically BalancedESG Focus
FP WHEB Sustainability CEmbracesSustainability ThemedESG Focus
Franklin LibertyQ Global Equity SRI ETF GBPConsidersEthically BalancedESG Focus
Fundsmith Sustainable Equity I AccConsidersSustainability TiltESG Focus
Hermes Global Equity F GBP AccConsidersESG PlusESG Focus
Hermes Impact Opportunities Eq X GBP AccEmbracesSustainability ThemedImpact
Impax Environmental Leaders XGBP AccEmbracesEnvironmentally ThemedSustainable Sector
Impax Environmental Mkts Ire X GBP AccEmbracesEnvironmentally ThemedSustainable Sector
Impax Environmental Markets OrdEmbracesEnvironmentally ThemedSustainable Sector
iShares Dow Jones Glb Sust Scrn ETF $Acc GBPAvoidsSustainability ThemedESG Focus
iShares MSCI World Islamic ETF USD Dist GBPAvoidsFaith BasedShariah Focus
Janus Henderson Global Sust Eq I AccConsidersSustainability ThemedESG Focus
Jupiter Ecology I IncEmbracesEnvironmentally ThemedSustainable Sector
Jupiter Green OrdEmbracesEnvironmentally ThemedSustainable Sector
Kames Global Sustainable Eq GBP C AccConsidersSustainability ThemedESG Focus
L&G Ethical I AccConsidersEthical - BalancedESG Focus
L&G Future World Sustainable Opps I £AccConsidersSustainability ThemedESG Focus
L&G Future Wld Clmt Chg Eq Fct Idx I AccConsidersEnvironmentally ThemedImpact
M&G Global Select GBP I AccConsidersESG PlusESG Focus
M&G Positive Impact Sterling I GBP AccEmbracesSustainability ThemedImpact
Menhaden OrdEmbracesUnclassifiedImpact
Montanaro Better World GBPEmbracesSustainability ThemedImpact
Nomura Global Sustainable Eq I GBP AccConsidersSustainability ThemedESG Focus
Pictet - Global Envir Opps I dy GBPEmbracesEnvironmentally ThemedSustainable Sector
Quilter Investors Ethical Eq R (GBP) AccAvoidsNegative EthicalESG Focus
Rathbone Global Sustainability I AccConsidersSustainability ThemedESG Focus
Sarasin Responsible Glb Eq Stg Hdg P AccConsidersSustainability ThemedESG Focus
Sarasin Responsible Global Equity P AccConsidersSustainability ThemedESG Focus
Stewart Investors Wldwd Sustbl B Acc GBPConsidersSustainability ThemedESG Focus
Triodos Sustainable Equity GBP K Ret AccEmbracesSustainability ThemedImpact
Triodos Pioneer Impact GBP KRet AccEmbracesSustainability ThemedImpact
UBS ETF Global Gender Eqlty USD A Acc GBPEmbracesSocial ThemedImpact
UBS ETF MSCI ACWI Sclly Rspnb H £ A Dis GBPConsidersUnclassifiedESG Focus
UBS ETF MSCI World SRI USD A dis GBPAvoidsNegative EthicalESG Focus
Vanguard SRI Global Stock GBP AccAvoidsLimited ExclusionsESG Focus

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Emerging markets

Name

ii ACE ethical style

Fund EcoMarket (FEM) category

Morningstar Sustainable Fund Type

Alquity Africa GBP IConsidersSocial ThemedESG Focus
Alquity Latin America GBP RConsidersSocial ThemedESG Focus
iShares MSCI EM SRI ETF USD Acc GBPAvoidsESG PlusESG Focus
Pictet-Emerg Mkt Sustainable Eq I GBPConsidersESG PlusESG Focus
Stewart Investors Glbl EM Sust B Acc GBPConsidersSustainability ThemedESG Focus
UBS ETF MSCI Emerging Mkts SRI USD A dis GBPAvoidsNegative EthicalESG Focus

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Asian equities

Name

ii ACE ethical style

Fund EcoMarket (FEM) category

Morningstar Sustainable Fund Type

Alquity Asia GBP RConsidersSocial ThemedESG Focus
Alquity Indian Subcontinent GBP YConsidersSocial ThemedESG Focus
Alquity Indian Subcontinent GBP RConsidersSocial ThemedESG Focus
Impax Asian Environmental Markets IRL XEmbracesEnvironmentally ThemedSustainable Sector
Pacific Assets OrdConsidersSustainability Themed
Stewart Investors AsiaPac Ldrs B Acc GBPConsidersSustainability Themed
Stewart Investors AsiaPac Sust B Acc GBPConsidersSustainability ThemedESG Focus
Stewart Inv Indian Sbctnt Sustnby B GBPConsidersSustainability ThemedESG Focus
UBS ETF MSCI Pacific SRI USD A dis GBPAvoidsNegative EthicalESG Focus

how to use the table →

European equities

Name

ii ACE ethical style

Fund EcoMarket (FEM) category

Morningstar Sustainable Fund Type

ASI European Ethical Equity Plat 1 AccConsidersNegative EthicalESG Focus
EdenTree Amity European BConsidersEthically BalancedESG Focus
iShares MSCI Europe SRI ETF EUR Acc GBPAvoidsUnclassifiedESG Focus
Liontrust Sust Fut Eurp Gr 2 Net AccConsidersSustainability ThemedESG Focus
M&G Pan European Select GBP I AccConsidersESG PlusESG Focus
SVM All Europe SRI B AccEmbracesResponsible OwnershipESG Focus
UBS ETF MSCI EMU SRI EUR A dis GBPAvoidsNegative EthicalESG Focus
Vanguard SRI European Stock GBP AccAvoidsLimited ExclusionsESG Focus
Virgin Climate ChangeConsidersEnvironmentally ThemedImpact

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US equities

Name

ii ACE ethical style

Fund EcoMarket (FEM) category

Morningstar Sustainable Fund Type

Brown Advisory US Sustainable GrowthConsidersSustainability ThemedESG Focus
iShares MSCI USA Islamic ETF USD Dist GBPAvoidsFaith BasedShariah Focus
iShares MSCI USA SRI ETF USD Acc GBPAvoidsNegative EthicalESG Focus
Legg Mason CB US Eq Sust Ldrs X GBP AccConsidersSustainability ThemedESG Focus
UBS ETF MSCI USA SRI USD A dis GBPAvoidsNegative EthicalESG Focus

how to use the table →

Global bonds

Name

ii ACE ethical style

Fund EcoMarket (FEM) category

Morningstar Sustainable Fund Type

iShares € Corp Bond 0-3yr ESG ETF € Dist GBPAvoidsNegative EthicalESG Focus
Lyxor Green Bond (DR) ETF C EUR GBPEmbracesEnvironmentally ThemedImpact
PIMCO GIS Global Bond ESG Instl GBPH IncConsidersESG PlusESG Focus

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Sterling bonds

Name

ii ACE ethical style

Fund EcoMarket (FEM) category

Morningstar Sustainable Fund Type

ASI Ethical Corp Bond Inst IncConsidersEthically BalancedESG Focus
BMO Responsible Sterling Corp Bd 2 IncConsidersEthically BalancedESG Focus
EdenTree Amity Sterling Bond BConsidersEthically BalancedESG Focus
EdenTree Amity Short Dated Bond BConsidersEthically BalancedESG Focus
Kames Ethical Corporate Bond GBP B AccAvoidsNegative EthicalESG Focus
Liontrust Sust Fut Corp Bd 2 Grs IncConsidersSustainability ThemedESG Focus
Rathbone Ethical Bond I AccConsidersEthically BalancedESG Focus
Royal London Sustainable Mgd Inc C AccConsidersSustainability ThemedESG Focus
Royal London Ethical Bond Z IncAvoidsNegative EthicalESG Focus
Sarasin Responsible Corporate Bond P AccConsidersSustainability ThemedESG Focus
Threadneedle UK Social Bd Z Grs Acc£EmbracesSocial ThemedImpact

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Money market

Name

ii ACE ethical style

Fund EcoMarket (FEM) category

Morningstar Sustainable Fund Type

Royal London Cash Plus Y AccAvoidsNegative Ethical
Royal London Enhanced Cash Plus Y AccAvoidsNegative Ethical
Royal London Short Term Money Mkt Y AccAvoidsLimited Exclusions

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Property

Name

ii ACE ethical style

Fund EcoMarket (FEM) category

Morningstar Sustainable Fund Type

Civitas Social Housing OrdEmbracesSocial ThemedImpact
Impact Healthcare REITEmbracesSocial ThemedImpact
Sarasin IE Sust Glb Rl Est Eq GBP P AccEmbracesSustainability ThemedESG Focus
Schroder Global Cities Real Estt Z AccConsidersESG Plus
Schroder Global Cities Real Estt Z IncConsidersESG Plus
Triple Point Social Housing REIT OrdEmbracesSocial ThemedImpact

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Specialist

Name

ii ACE ethical style

Fund EcoMarket (FEM) category

Morningstar Sustainable Fund Type

Bluefield Solar Income FundEmbracesEnvironmentally ThemedSustainable Sector
FP Foresight Global Rl Infras A GBP AccEmbracesEnvironmentally ThemedESG Focus
FP Foresight Global Rl Infras A GBP IncEmbracesEnvironmentally ThemedESG Focus
FP Foresight UK Infras Inc A GBP AccConsidersUnclassifiedSustainable Sector
FP Foresight UK Infras Inc A GBP IncConsidersUnclassifiedSustainable Sector
Gore Street Energy Storage Fund OrdEmbracesEnvironmentally ThemedSustainable Sector
Greencoat UK WindEmbracesEnvironmentally ThemedSustainable Sector
Guinness Sustainable Energy X GBP AccEmbracesEnvironmentally ThemedSustainable Sector
iShares Global Clean Energy ETF USD Dist GBPEmbracesEnvironmentally ThemedSustainable Sector
iShares Global Water ETF USD Dist GBPEmbracesEnvironmentally ThemedSustainable Sector
John Laing Environmental Assets OrdEmbracesEnvironmentally ThemedSustainable Sector
NextEnergy Solar OrdEmbracesEnvironmentally ThemedSustainable Sector
Pictet-Clean Energy I dy GBPEmbracesEnvironmentally ThemedSustainable Sector
Pictet-Nutrition I dy GBPAvoidsESG PlusImpact
Pictet-Water I dy GBPEmbracesEnvironmentally ThemedSustainable Sector
Renewables Infrastructure GrpEmbracesEnvironmentally ThemedSustainable Sector
Sarasin Food & Agriculture Opps P AccAvoidsESG Plus
SDCL Energy Efficiency Income OrdEmbracesEnvironmentally ThemedSustainable Sector
Syncona OrdEmbracesSocial Themed
Triple Point Income VCT CEmbracesUnclassifiedSustainable Sector
US Solar Fund OrdEmbracesEnvironmentally ThemedSustainable Sector
Ventus VCT 2 D OrdEmbracesEnvironmentally ThemedSustainable Sector
Ventus VCT OrdEmbracesEnvironmentally ThemedSustainable Sector
Ventus VCTEmbracesEnvironmentally ThemedSustainable Sector
VT Gravis Clean Energy Income C GBP AccEmbracesEnvironmentally ThemedSustainable Sector

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Mixed asset

Name

ii ACE ethical style

Fund EcoMarket (FEM) category

Morningstar Sustainable Fund Type

7IM Sustainable Balance C AccConsidersSustainability ThemedESG Focus
AXA Ethical Distribution Z AccAvoidsNegative EthicalESG Focus
BMO Sustainable Universal MAP Bal 3 AccConsidersSustainability ThemedESG Focus
BMO Sustainable Universal MAP Cau 3 AccConsidersSustainability ThemedESG Focus
BMO Sustainable Universal MAP Gr 3 AccConsidersSustainability ThemedESG Focus
Climate Assets B GBP AccConsidersSustainability ThemedESG Focus
Janus Henderson Instl Gl Rpnsb Mgd I AccConsidersEthically BalancedESG Focus
Kames Ethical Cautious Managed GBP B AccAvoidsNegative EthicalESG Focus
Liontrust Sust Fut Glbl Gr 2 Net AccConsidersSustainability ThemedESG Focus
Liontrust Sust Fut Defesv Mgd 2 Net IncConsidersSustainability ThemedESG Focus
Liontrust Sust Fut Absolute Gr 2 Net AccConsidersSustainability ThemedESG Focus
Liontrust Sust Fut Cau Mgd 2 Net IncConsidersSustainability ThemedESG Focus
Liontrust Sust Fut Mgd 2 Net IncConsidersSustainability ThemedESG Focus
Royal London Sustainable Div C AccConsidersSustainability ThemedESG Focus
Royal London Sustainable Mgd Gr C AccConsidersSustainability ThemedESG Focus
Royal London Sustainable World C AccConsidersSustainability ThemedESG Focus
Trojan Ethical Fund O AccAvoidsEthically BalancedESG Focus
Trojan Ethical Fund O IncomeAvoidsEthically BalancedESG Focus

how to use the table →

Risk Warning: The price and value of investments and their income fluctuates: you may get back less than the amount you invested. If you are unsure about the suitability of a particular investment or think that you need a personal recommendation, you should speak to a suitably qualified financial adviser. Please note, the tax treatment of these products depends on the individual circumstances of each customer and may be subject to change in future. If you are uncertain about the tax treatment of the products you should contact HMRC or seek independent tax advice.

Invest for good with the UK’s first rated list of ethical investments.

Ethical news and views

You can buy the ethical investments in any of the great value accounts we offer.

Ethical investing
Overview | Ethical Investments | Table definitions | FAQs

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