Blog written by John Fleetwood of 3D Investing
UK Public put Planet and Climate Crisis before maximising profit in their personal savings
Whatever you think about Extinction Rebellion, the en masse arrests and demonstrations have ensured that the issue of an impending climate crisis has remained centre stage. A new survey shows that this concern is being reflected in the British public’s savings.
ClientEarth’s survey of 2,001 UK adults aged 18+, conducted between the 17th and 27th September 2019 showed that Brits want their pensions and investments to minimise climate impacts and support a sustainable economy; far more than those who only seek to maximise financial returns:
- Three in five people believe that financial institutions and banks should no longer invest in fossil fuels (59%) and that they should be legally accountable if they choose to do so (60%). Only one in five disagrees (20% and 18%).
- Nearly half (47%) would support rules requiring all companies traded on the London Stock Exchange to have business plans that are compatible with the Paris Agreement or face delisting. Only 20% disagree.
Yet, nearly two-thirds of us (62%) are unaware that banks, pension funds and other financial institutions use ordinary customers’ investments to help fund fossil fuel projects and there is strong demand (71%) for pension funds and financial institutions to be more transparent about the companies they invest in.
You’ll be glad to know that Pennine Wealth Solutions’ Positive Pennine Portfolios are in tune with the British public. All of the Positive Pennine Portfolios avoid fossil fuels and invest in companies that are helping to address climate change.
If sustainable investing is something you are interested in please note that the Positive Pennine Portfolios are only accessible via a Financial Adviser. If you are a Financial Adviser and would like more information about the range of portfolios, please contact Sean Fisher on 07583 241668 or
download the ClientEarth survey Snapshot here
Investors should remember that the value of investments, and the income from them, can go down as well as up. Investors may not recover what they invest. Past performance is no guarantee of future results. Any mention of specific security should not be interpreted as a solicitation to buy or sell specific security.
Positive Pennine is a trading style of Pennine Wealth Solutions LLP, which is authorised and regulated by the Financial Conduct Authority and is only available through authorised Financial Advisers