Prince Harry and his wife Meghan are associating with fintech major Ethic, that invests in the environmental, social and governance-focused (ESG) sector, this marks yet another major corporate partnership for the couple. The British couple, officially known as the Duke and Duchess of Sussex, have signed a flurry of corporate deals in a bid to make a living for themselves apart from the royal family following a split announced last year. The couple became investors in Ethic earlier this year and have investments managed by the company as well, according to a statement.
In a statement, Ethic states, "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 ..."
Established in 2015, Ethic helps investors transition their money toward companies that "treat people and the planet with respect".
The partnership comes as more entities are forced to consider the climate when investing and traditional investors are increasingly driven by ESG factors that have earlier not been captured in a company's balance sheet.
Harry, a grandson of Queen Elizabeth, had previously teamed up with the Apple TV+ streaming service to make a documentary with Oprah Winfrey about mental health. The couple has also signed an exclusive multiyear production deal with Netflix Inc and have signed up to produce programming for Spotify that "uplifts and entertains audiences around the world" and features "diverse perspectives and voices".
Harry and Meghan live in a secluded $14 million mansion in the celebrity enclave of Montecito with their two children, about 80 miles (130 km) north of Los Angeles, which is also residence to celebrities including Winfrey and comedian Ellen DeGeneres.