Why your banking habits matter for the climate
Where you invest your savings or put your pension can have a surprising impact on the environment (Credit: Javier
By Jocelyn Timperley
26th January 2021
It might not be the most obvious way of reducing your carbon footprint, but how you save, invest and give away your money can make a difference to the climate.
What immediately comes to mind when thinking about the impact you have on the climate? Is it the flights you take? Or journeys in your car? Or perhaps the food you eat?
What about your money?
The links between your personal finances and the climate emergency are perhaps less intuitive than these other examples. The cash in your bank account, pension, and personal investments may not seem to be a direct cause of greenhouse gas emissions. But the financial institutions you invest with and give your business to could be having a big impact on the environment. As a consumer with money to invest, the decisions you take about what to do with it can be surprisingly important.
For most people, banks are the places that most frequently deal with their money. But many banks are also well-documented financiers of the climate crisis.
https://www.bbc.com/future/article/20210126-how-you-invest-your-money-can-help-tackle-climate-change
