How to use your pension savings to reduce your carbon footprint

71% of women increased their commitment to ethical living over the last year compared to 59% of men1. This is likely to be making small lifestyle changes such as avoiding plastic packaging at the supermarket, sourcing locally grown fruit and vegetables instead of buying imported food or eating less meat.

However, you may not know that you can make a much bigger impact towards the planet by using your pension savings. Your pension is the money that you have invested for your retirement.

You can choose to invest your pension pot into companies that are making positive changes to the world. This allows you to start shaping the future and encouraging better business practices from all companies.

67% of women said that it is important to them that their investments have a positive social impact2. A responsibly invested pension benefits both you and society.

A study3 found that moving your pension savings to sustainable investment funds can be 27 times more efficient in reducing your carbon footprint than making small lifestyle changes such as using the train instead of the car, flying less and taking shorter showers. At Four Wealth Management, a Financial Adviser will work with you to recommend sustainable funds that you can invest in that are in line with your individual retirement goals.

Find out more about planning for your retirement

Review your existing pensions

Book a no-obligation meeting to review your existing pensions. If your pension was set up for you by your workplace, it is likely that you will be invested in the ‘default’ fund which may not be in line with your ethical lifestyle and values.

A financial adviser will talk you through what responsible investing options are available to you in your pension scheme and how you can use your pension to make the greatest impact.

Book a call back

The value of an investment with St. James’s Place will be directly linked to the performance of the funds selected and the value may fall as well as rise. You may get back less than the amount invested.

1 The eco gender gap, Mintel, July 2018

2 WealthiHer Report, 2019
3 Nordea Group sustainable finance research, 2018

Four Wealth Management Ltd is an Appointed Representative of and represents only St. James’s Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) for the purpose of advising solely on the group’s wealth management products and services, more details of which are set out on the group’s website