E36: Is my pension funding climate change? With Rotimi Merriman-Johnson, Jesse Griffiths and Giorgia Antonacci
The Pension Confident PodcastShow Notes
Have you ever wondered if your pension is funding climate change? We all know about the damage greenhouse gases do to the world. According to Make My Money Matter, by greening our pensions, we could cut our carbon footprint 21 times more than by going veggie, or giving up flying or switching energy providers. However, sustainable investing has been met with some scepticism over the years, so in this episode we're going to dig into the detail. Join our host, Philippa Lamb, and our expert panel as they help you make confident choices about your own pension: Qualified Financial Adviser and Founder of Mr.MoneyJar, Rotimi Merriman-Johnson; CEO of the Finance Innovation Lab, Jesse Griffiths; and PensionBee's Senior ESG Manager, Giorgia Antonacci.
Episode Breakdown: 01:42 The link between pensions and climate change 04:18 The fossil fuel industry 05:36 Does investing sustainably mean lower returns? 09:13 The rising cost of living 11:22 Can individuals make a difference? 15:52 What makes a sustainable pension fund? 17:21 Greenwashing, labelling and timescales 22:28 What action can pension savers take? 23:42 Influencing change 27:39 Final thoughts
Further reading, listening and watching: To learn more about finances, pensions and divorce, check out these articles, podcasts and videos from PensionBee: E36 transcript Under the hood of the Climate Plan The Climate Plan PensionBee's Climate Plan (Video) ESG investing and its impact on pensions Sustainable investing - how to make a positive impact with your pension How we can use our pensions to drive positive change whilst saving for retirement E1: Making a positive impact with your pension - with Clare Reilly, and Damien Fahy (Podcast) Three reasons to think about where your pension's invested Championing our customers' views How is the FCA cracking down on greenwashing? 5 sustainable investing myths debunked Your Fossil Fuel Free Plan switch questions, answered
Other useful resources: ShareAction Make My Money Matter Financial Conduct Authority Carbon Tracker Financial Stability Board The Institute of Actuaries Government Green Taxonomy Morgan Stanley Capital international (MSCI) Morgan Stanley Institute for Sustainable Investing MSCI's ESG rating scale India's wheat output dented by heatwave, could limit government stock building (Reuters) FCA labelling scheme Institute of Actuaries study Accelerating to net zero (CBI) Morgan Stanley Sustainable Reality Report Revealed: oil sector's 'staggering' $3bn-a-day profits for last 50 years (Guardian) Pension funds should protect our future, not destroy it (Greenpeace) Maslow's Hierarchy of Needs
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