Climate-conscious cash

Climate-conscious cash

From the 31st October to 12th November, the UN Climate Change Conference of the Parties (COP26) meets in Glasgow to generate action towards tackling climate change before the devastating effects become irreversible. November is a crucial month for the environment, and whilst the world debates our next steps, there is no better time for us to think what meaningful changes we can make to our finances to help bring about an eco-friendly future.

At IMI, we strive for a better world through breakthrough engineering. So we know the impact our actions can have on the environment: whether it’s choosing not to fly to go abroad, or simply eating less meat. Small actions can contribute to big change.

Chasing a net-zero future is a crucial part of IMI’s vision.

What’s more, your pension provider, Mercer, has committed to target net-zero absolute carbon emissions by 2050 across a majority of their funds. And by approaching your retirement planning with the climate in mind, you can help to offset your own carbon footprint.

Research conducted by the Make Your money Matter campaign found that by redirecting your pension wealth to greener, cleaner investments, you could have 21 times the impact on your carbon footprint than by going vegetarian or giving up flying. Choosing your pension’s investments used be to a bit of an ethical conundrum. Cash or conscience? But that decision is a thing of the past. It’s a no brainer. Ethical investments are lucrative too.

By redirecting your pension wealth to greener, cleaner investments, you could have 21 times the impact on your carbon footprint than by going vegetarian or giving up flying

So whilst you should still enjoy making lifestyle changes to combat climate change – because it certainly feels good to do so – if you can enjoy a happy retirement furnished by eco-friendly cash, that will surely be the cherry on top.

The climate activist, Greta Thunberg, described recent climate ambitions as a “thundering wake up call”. So whilst the world meets at COP26 to navigate the globe’s most urgent issue, you can make a careful, climate-conscious choice that brings your future self closer to a net-zero future. Small actions contribute to big change.

To find out how you can make climate conscious changes to your pension investments, visit https://www.scottishwidows.co.uk/save/rsp