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Foster Denovo|News & blogs|Opinion|Making sustainable financial choices

Making sustainable financial choices

Sustainability has become a key topic for governments, businesses, and communities around the world. Climate change and its impact on the future are some of the most important topics of this century.

This year, the United Nations Climate Change Conference, COP26, was held in the UK. World leaders, heads of states, negotiators and environmentalists all came together to review previously set targets, and set new ones, in a bid to take action to keep global temperature rise below 2 degrees Celsius. The measures pledged during the summit were some of the strongest seen in the past 30 years of climate talks, [i] but there is still plenty more everyone can do to play their part.

Although important, sustainability is about far more than climate change, and whilst sustainability challenges can seem huge, there are things individuals can do to minimise the impact they have on the environment and society. These can include recycling and reusing, making your home more energy efficient, as well as investing sustainably.

Considering sustainability issues when investing has been a growing trend in recent years. Much like you can make spending choices that support sustainability, how you invest can have an impact too. One way to invest sustainably is known as “ESG investing”, where environmental, social and governance issues are considered alongside traditional factors. ESG investing is a process that can help align your investments with your values. For example, it could mean excluding certain industries, such as the arms industry, or investing in companies that are leading the way in renewable technology. This could mean your investment has a positive impact on the world.

While thinking about switching your investments to be more sustainable, you should consider your pension too. In most cases, your pension will be invested and making it sustainable could have a much larger impact than you’d expect. For many workers, their pension ends up being one of their largest assets, so how it’s invested can have a sizeable impact on sustainability issues. Switching your pension is often simple, but it is something you need to give some thought to first. It would change how your pension is invested, so you need to be aware of the potential risks and long-term implications.

If you would like to find out more ways you can contribute to leading a more sustainable life, download our latest guide ’10 ways to lead a more sustainable life’ here.

Get in touch

If you want to know more about how sustainable investing can help you, get in touch. Please email us at advise-me@fosterdenovo.com or call us on 0330 332 7866 to speak to one of our team.

Please note

The value of your investments (and any income from them) can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance. Investments should be considered over the longer term and should fit in with your overall attitude to risk and financial circumstances.

Foster Denovo Limited is authorised and regulated by the Financial Conduct Authority.

[i] COP26: Climate deal agreed with last-minute change on coal – BBC News

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