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Sticking with sustainable investing
With the cost of living hitting hard, it could be tempting to put the health of the planet on the back burner in favour of short-term financial survival.
But a new study reveals that despite spiralling household outgoings, the majority of Brits still feel it is important to invest in green energy to tackle the climate crisis.
The poll by the Co-operative Bank found that 59 per cent of UK consumers want more green investment even if the Green Levy – a tax designed to subsidise low-carbon, homegrown sources of power – adds to their already painfully high energy bills.
This figure rises to 63 per cent for those earning between £20,000 and £24,999 annually and even further to 69 per cent for those aged 18 to 34 years. It shows that environmentally-conscious consumers are prepared to pay the price to help tackle the climate emergency.
If you are keen to make your investments work hard for the planet and society as well as your own future, see our top DIY sustainable investing platforms.
For expert help with choosing the right ethical funds for returns as well as a positive impact, check out our top 10 ethical financial advisors.
Why sustainable investors have the upper hand
It’s a hard time to be an investor. If you have a pension or ISA, watching the returns since January go negative, as global stock markets (not to mention crypto) have tanked, has been the harshest of experiences.
Particularly for beginner investors and arguably even more so for those who made sustainable choices, who may now be questioning whether it was the greener nature of their investments that has been behind their demise and wondering whether they would have been better off taking a hard-nosed, profit first approach to their own money after all.
It isn’t and they wouldn’t..
Becky O'Connor, co-founder of Good With Money and author of The ESG Handbook, explains why sustainable investors are in a relatively good position compared with others who may ignore the environmental and social merits of investments and focus only on the bottom line.
Good With Money readers can save 25 per cent on a hardback edition of ‘The ESG Investing Handbook’ with the promo code GWM25 (offer expires December 2022). Or pre-order it as a free, downloadable e-book here.
Go green with a Good Egg
How do you know if a financial provider that claims to be 'green,' 'ethical,' or 'sustainable' is genuinely making a positive impact with your cash?
We've made it easy with the Good Egg mark.
These are companies that can PROVE they make a positive difference to the planet, people and society - as well as their customers and staff. You can find out more about our strict - and independent - criteria here.
Our Good Eggs include wealth managers Pennine Wealth Solutions, leading sustainable bank Triodos, Ecology Building Society, clean energy investment firm Thrive Renewables, and ethical investment platform Abundance Investment. We also have three ethical financial advisers; EQ Investors, BlueSphere Wealth and Path Financial.
Look out for some egg-citing new Good Egg announcements coming soon! Get in touch if you think your company could be a Good Egg.
Featured guide:
The Good Guide to Pensions 2022
Do you know how your pension fund is invested?
Your pension is 21 x more powerful at fighting climate change than cutting out flying, going vegan and switching to a green energy provider combined, according to Make My Money Matter.
Do you know where yours is invested?
If you want to make sense of your pension, and put the power of good behind it, our Good Guide to Pensions is for you.
Sponsored by leading online pension provider PensionBee, it covers:
- ‘Default or durrrr’? Good Money Girl helps you understand your pension investments and get them working better for you.
- Oli West from PensionBee looks at the benefits of consolidating different pension pots – just in time for the New Year.
- Good Money Girl shows you the power of your pension in fighting climate change.
- Priyal Kanabar from PensionBee explains the growing appetite for ‘fossil free’ pensions.
You can also check if your current provider is on Make My Money Matter's Top 20 biggest UK pension schemes with no net zero targets.
Watch out for our new Good Guide to Self-Employed Finances - out soon!
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