#54 Ethical investment firm creating income for nonprofits, John Berry co-founder Pathfinder

John Berry, co-founder of ethical investment company Pathfinder joined Purposely Podcast to share his story. John along with Paul Brownsey set-up Pathfinder Asset Management in 2009 and over the last decade they have marked themselves out as leaders in responsible investment. They launched their first ethical fund in 2010 and have since established a track record for not only delivering great returns, but also doing so responsibly and ethically. Pathfinder is now part of Alvarium Wealth. What's the mission and purpose of Pathfinder? ‘The way we invest our money has real world impacts. Our mission is investing ethically to grow individual wealth and collective well-being, so there's two parts to that. The first part wealth, where we're managing people’s money (as well as organisations) and we want to make them as much money as we possibly can and we're driven by financial purpose of fantastic investment returns. But the wellbeing part is just as important from a personal and a social and environmental well-being perspective. We're trying to generate good outcomes, not just avoid harm, but generate good outcomes through the way we invest.’ Have we reached a time in history when investing ethically no longer means low returns? ‘I think that is an excellent question. Because the biggest hurdle we've had to overcome over the last 10 years is the preconception that if you invest ethically, it will cost you in terms of returns. I think we're now at a point where people now know that you can have both. An example of this is our KiwiSaver ethical fund which has enjoyed stellar returns. We put that down to good investment decisions but also the fact that we're focusing on companies with good environmental and social metrics and these companies tend to be more resilient. So yes, you can have both.’ Does Pathfinder regularly generate funds for good causes? ‘We have taken a social enterprise approach with our KiwiSaver (pension fund) generating awesome returns for investors at the same time as making a positive impact on comm