Your Challenge
Most people get a workplace pension, but not many of us know where it’s being invested. This challenge is about taking ownership of your pension to ensure it’s doing good with your money. To get started:
- Ask your employer or pension provider for details about what your company pension fund is invested in. This is also a good opportunity to let them know this matters to you, and that as responsible employers they should ensure the company pension for all employees is invested in a sustainable fund.
- If this is not possible for your employer, take ownership of your own pension fund and change it yourself. To get help and advice with switching your own pension fund, we recommend looking at a campaign called Make My Money Matter. This has helpful advice on how to make your investments sustainable and what to look for when changing.
Why you're doing this
Many of us are trying to make sustainable changes to our everyday lives. However, we may be working hard to reduce our footprint but in the background our money could be funding fossil fuel industries, or other environmentally and socially harmful industries.
Sustainable investing means your money goes into companies with high environmental, social and governance standards, which means your money goes towards helping the planet instead of harming it.
How you'll make a difference
One of the most powerful things you can do is to take control of your finances. Telling your employer you care where your money is being invested and that they can help reduce their own footprint and that of staff by making this change, will make a big difference in helping to prevent the financing of harmful industries.