Meghan Markle and Prince Harry can now add “impact partners” to their list of achievements! The Duke and Duchess of Sussex established a new “impact partnership” with tech-driven asset manager Ethic on Tuesday.
“When we invest in each other, we change the world… 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,” a statement on the Sussexes’ Archewell website reads.
“We believe it’s time for more people to have a seat at the table when decisions are made that impact everyone. We want to rethink the nature of investing to help solve the global issues we all face. Our impact partnership with Ethic is one of the ways we put our values in action,” the statement concludes.
Meghan disclosed in an interview with the New York Times DealBook that she and Harry were introduced to Ethic by friends. The pair, who are no longer active members of the British royal family, became Ethic investors earlier this year and have interests managed by the firm.
“From the world, I come from, you don’t talk about investing, right?” Meghan told DealBook. “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 were aligned like this, you could put your money to that same sort of thing?’” the Duchess added.
According to the New York Times, the couple believes that their participation would “democratize investing” and make young people “more deliberate in their choices and conscious of investing in sustainable companies.”
“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,” Harry said. The Duke also suggested that doing the same with investments was a natural extension.
Ethic noted in a post on Tuesday that Meghan and Harry “share a lot of values with us.” “They’re deeply committed to helping address the defining issues of our time—such as climate, gender equity, health, racial justice, human rights, and strengthening democracy—and understand that these issues are inherently interconnected. So much so, in fact, that they became investors in Ethic earlier this year and have investments managed by Ethic as well,” the company said.
“Now they want to shine a light on how we can all impact the causes that affect our communities, bring transparency into how the corporate world sets the tone and shapes outcomes for everyday families, and believe that more people should have a seat at the table when it comes to making progress,” Ethic added. “With their partnership, our shared vision for a world in which all investing is sustainable investing can reach many millions around the globe.”