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How to Make Your Pension and Investments Go Green

Many of us are trying to make small lifestyle changes to benefit the planet and our futures, and so making sure that our pensions and investments are green will certainly help us meet our net zero targets! It is stated that £87 billion a year goes into Britain’s pension schemes, a figure that is predicted to increase over the next two decades, therefore we must make sure that our savings support a sustainable future.

Due to the lack of awareness, it is unbeknown to many that our savings actually threaten our futures. Nine times out of ten, our UK pensions go into default funds that unfortunately invest in big fossil fuel organisations. It’s important to know that financial products have an enormous influence on our environment, and pensions are no exception. More than a quarter of Brits aren’t aware of this and do not know their own workplace pension scheme at all.

How to make your investment funds greener?

Green pensions are becoming increasingly popular and it is stated that almost a fifth of UK savers are choosing an eco-friendly pension product. With more awareness given to green products, it is expected that the number in customers opting for greener pensions will increase. This means two things – not only will these funds make sure that responsible companies receive the financial backing to combat climate change, but it will ensure that we are all prepared to combat this climate crisis head on.

Furthermore, if more people who learn about the impact of pensions, and start taking action, the more those who design these funds will have to listen. There is not much point in saving for the future if your money is funding harmful, oil fuelled organisations that ultimately destroy our futures.

In order to prevent your pension funding climate change – we have created a simple, 2 step guide for you to take quick action:

If you’re self-employed:

  • If you’re your own boss – you can obviously choose a sustainable pension yourself as you won’t be automatically enrolled into a pension scheme. A good place to start looking for a green pension is to simply research responsible options. You’ll then be making your hard earned money matter!

If you work for an employer:

  • If you work for a company, unfortunately you don’t always get much say over your pension, but you can try – that’s what matters! Find out exactly where your investment funds are going (your HR team should help you understand this). If your pension does fund big unethical companies, speak to your colleagues and raise awareness. You could consider starting a petition to encourage your employer to move to a greener scheme. Don’t forget, doing this will be in their best long-term interest as more people become environmentally conscious.

People like to see businesses contributing to things that matter, and when a company shows that they are willing to hear their employees’ thoughts and opinions it can create a better working culture and certainly help businesses to retain employees and attract new talent!

The old fashion saying is that, ‘money is the route of all evil’ and this will remain true if we do not start to think about the way we save and spend our money. We must all practice responsible investments. However, with more people seeking better change for our planet, we can tackle this issue sooner rather than later.

It’s just about taking those important steps and ensuring that we encourage others to follow suit!

If you’re thinking of making green investments through renewable energy sources, our friendly and professional team are just a phone call away:

t        0330 0552155
e       designteam@solarcentric.co.uk

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The idea of the public driving an electric vehicle over a traditional car seemed a very distant futuristic vision, but it’s happening right now! To establish the acceptance and popularity in EVs, we have created a guide that distinctly highlights EV growth, the convenience of owning an EV and how organisations and expanded infrastructure has definitely helped to support demand.

According to IEA Global EV Outlook 2020 report, 2.1 million electric vehicles were sold globally in 2019, surpassing 2018! The report also mentions that 2020 and 2021 will be the year that we start to see a more diversified menu of EVs, which will certainly push growing demand and create an even greater transition to eliminate and move away from harmful emissions. But it’s not just the general public who want cleaner air, it’s big corporations too such as Waitrose and John Lewis.

They recently announced their plans to end the use of their 4,800 fossil fuel vehicle fleet by 2030 and have also made plans to use 1,700 electric vans for deliveries in 2021. It is said to save an estimated 20,000 tonnes of carbon dioxide every year. It’s an exciting revelation, especially when taking into consideration the general public’s interest and growing investment into EVs as well.

With this driving demand, the growth of EV charge points has naturally improved too. The latest statistics issued by the Department for Transport suggest that EV charge points have multiplied nearly five times over in the last five years, with 18,265 public EV charging units made available in the UK. The convenience surrounding EVs is becoming quite apparent and we listed some of the positive reasons as to why:

  • EV charge points can be installed in your garage or near your drive and depending on your journey, you could simply charge up at home before setting off.
  • When it comes to the cost of home charging, it will vary, as it depends on the model of the car and your electricity tariff, but typically, a full charge may cost as little as £3.
  • Therefore, your car could cost as little as 2p per mile to run and depending on its size, a home electric charging point can charge your car from flat to full anywhere between 1 and 7 hours, so you can simply just charge overnight.
  • There are definitely more accessible charging stations dotted around the UK and to find them, you can just simply download the Zap Maps app.
  • After the initial installation, you won’t need to make time to fill up, you can stay at home and save up to £1000 a year on fuel.

These incentives are reasons why EVs are growing in popularity and making the switch to electric easier than ever. The Department for Transportation have also recently proposed to add up to £1,500 to the cost of new petrol and diesel cars as a way to encourage a faster switch to EVs. This “feebate” system is certainly an effective way to drive and secure EV growth.

It is evident that the world is reacting, we are now starting to see a big change in public attitudes towards clean transportation and it is promising to see so much is being done to ensure that EVs remain on the up and the need for fossil fuel powered cars become a thing of the past.

 

 


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