Did you know that where you bank and invest your money can be unseen contributors to your environmental impact?
MakeMyMoneyMatter say that there’s £3 trillion in UK pensions. Much of it is invested, without our explicit knowledge or consent, in companies that drive deforestation and fund fossil fuels.
You can change this. Greening your pension cuts your carbon footprint by 21 times more than going veggie, giving up flying and switching energy providers. Research from MotherTree shows that switching to a green pension provider and bank is the single most effective action individuals can take to fight the environmental crisis.
Friends of the Earth and The Institute of Sustainability Studies have some helpful recommendations on what to look for and which banks are doing better on environmental questions. By making a simple switch you could make a massive difference to the planet.
As Christiana Figueres, Former Executive Secretary of the United Nations Framework Convention on Climate Change, famously advised “Put your money where you want the world to go.”
Of course, this isn’t a Royston-specific issue. But if all the residents of Royston switched their banking and pensions, we would make it a much greener place!
