Finance

Choose Green Banking

Why?

Ensuring your banking services support your own organisational commitments to reach net-zero is crucial. Why go to the effort of reducing your carbon emissions if your money could well be increasing emissions elsewhere?

How?

Be informed

Ethical Consumer provides ratings on business accounts, which include information on the environmental reporting and carbon management reporting of banks. Follow this link.

SwitchIt is a tool that shows if your bank or pension provider fund industries incompatible with reducing carbon emissions, such as fossil fuel companies. It also allows you to check how ‘green’ your energy provider is. Find out how ethical your bank is here.

Provide Climate Friendly Pensions

Why?

There are £3 billion invested in UK pensions with massive potential to drive us towards net-zero if funding the right projects. By providing low-carbon pensions your organisation is not only helping the planet but is investing in a better future – good for the planet, good for business and good for your employees.

"Put your money where you want the world to go. It is as simple and as powerful as that."
Christiana Figueres, Former Executive Secretary, United Nations Framework Convention on Climate Change
Source: MMMM.org

How?

Make My Money Matter is a campaign calling for organisations to step up and use their funds to build a better, fairer, greener world. They encourage organisations to follow these 3 steps to reduce the footprint of your finances:

  • Use Your Mission
    • Check your pension investments align with your core values.
  • Empower Employees
    • Tell employees where their pension money is going and encourage conversations around long term goals.
  • Invest in People & Planet
    • Ask your pension fund how they’ll achieve net-zero.

Read more about the campaign and how you can pledge here.

If you are a small or medium sized business they have a guide just for you! You can find that here.

Ethical Consumer also review and rate 13 major pension providers, including their carbon reporting.