6 Minute English
How green is your money?
Oct 19, 2023
Discusses the importance of knowing where our money is invested and highlights ethical banks. Explores the impact of customer influence and Richard Curtis' campaign. Emphasizes responsible pensions and the effectiveness of ethical investments in fighting climate change.
06:12
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Quick takeaways
- Ethical banks like Triados have emerged to address concerns about how banks invest customers' money, offering alternatives for people who want to support environmentally friendly businesses.
- Changing your pension to an environmentally sustainable fund is considered one of the most effective ways to fight climate change, with potential impact 21 times greater than avoiding meat and stopping flying combined.
Deep dives
Investing Money to Protect the Environment
Our money is not just sitting in the bank; it is being invested to fund various businesses, and some of these businesses may have environmentally unfriendly practices, such as oil drilling. Many people are unaware of where their money is being used. Ethical banks, like Triados, have emerged to address concerns about how banks invest customers' money. Banks jumping on the bandwagon of environmentally responsible investing have been accused of greenwashing, pretending to be environmentally friendly without taking substantial actions. However, customers have the power to influence banks' behavior by moving their money elsewhere, which inspired the Make My Money Matter campaign.
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