Users of fractional investing app Acorns now have the option to apply environmental, social and corporate governance standards to investments.
The Emerald Portfolio is diversified across all asset classes including Australian equities, international equities, bonds and cash with a three to five years investment timeframe.
It aims to achieve a moderate to high level of return similar the Moderately Aggressive Portfolio, which has about 44% of assets allocated to Australian large cap stocks and 21% to corporate bonds.
Emerald will have exposure to the Russell Investments Australian Responsible Investment ETF and BetaShares Global Sustainability Leaders ETF.
Acorns, which has some 260,000 users was launched more than a year ago and is most popular with millennials.
Acorns Australia chief executive and managing director George Lucas said the portfolio gives an engaging option that empowers users to invest according to their values.
"Millennials are more attuned to the social impact of their actions than other demographics and are driving the interest in sustainable investment. However, they also don't want to give up their ability to get returns," Lucas said.
Last month, Acorns launched a carbon footprint estimating tool that calculates users' carbon usage based on their spending activities.