5 minute read
by Daniel Spicer
You may have heard some pretty big names in the UK film industry talking about making their money matter. And they’re not wrong, research shows that changing your pension to a green scheme can have 21 times the impact on tackling climate change than the other major life changes you make.
Ok so, maybe you’re not a millionaire, and you’re thinking “yeah alright that’s great for those people who’ve got loads of dough invested in pensions and all-sorts”. But here’s the thing, I was well into my twenties before I landed a stable enough hospitality job where I felt comfortable to opt-in to my workplace pension scheme. But I’m glad I did because compound interest is a magical thing. The earlier you get on board, the more difference you can make to the planet.
It’s just one of the big actions they’ve been talking about at COP26, but the UK government is advising against divestment, instead viewing it as a last resort. But maybe you’re like me, you’re feeling a little more courageous. You want to put your money where your mouth is. Governments might not have the courage to divest from the companies destroying our planet, but there’s an easy way you can: Go Invest Green.
It’s an online tool for checking how green your pension provider is, and it’s one of the very first projects the Climate Venture Collective launched. It only took me five minutes to check my pension, and if you’re not happy with how yours shapes up, Go Invest Green can offer the help you need to switch things. As they aren’t affiliated with any pension providers, the suggestions they offer are totally unbiased and are based solely on how beneficial each pension scheme is for the planet.
Thanks to the resources provided by other great organisations like the 21x challenge, you can push your pension to do better. Their fast templates for contacting your employer and pension provider make it easy to apply pressure where it counts and gives you the support you need to take matters into your own hands if that’s the way you choose to go. It’s a great conversation to start at your workplace, and with such a simple template to follow you won’t hit those hurdles of drafting and re-drafting awkward emails.
Whether your pension plan is just starting out or nearing the end, going green is the way to go. COP26 has demonstrated the international appetite for change. Investing in the destruction of the planet isn’t just morally hazardous, it carries huge financial risk as it is on the precipice of becoming defunct. As legal frameworks come into play after COP26 negotiations
with many countries and banks aiming to pull overseas investment in oil and gas in 2022.
So if you’re nearing the end of your pension investments and looking towards a safe retirement, the most secure option may well be to green your pension, with Environmental, Social and Governance assets set to reach $53 trillion by 2025.
There you have it, if you’re just starting out or nearing the end of your pension scheme, the way to feel good about your money and put it in the best hands is to green your pension. And the easiest way to do that is
through Go Invest Green. And why not follow @goinvestgreen on Twitter while you’re at it.