Move Investments to ethical
Some banks use the money that you have in your savings accounts to fund the fossil fuel industry such as coal mines. There are options available to choose banks that are climate friendly, ethical and invest in climate change projects that will reverse global warming.
There are two main ways of investing to reduce climate change. Families and businesses can invest directly into projects like wind farms , or you can invest into funds which each hold a variety of shares traded on mainstream stock markets.
Note: we are not recommending that you buy shares in these companies but are giving examples of ethical alternatives. If you want to invest in ethical shares you should seek financial advice from a qualified financial adviser that specializes in ethical investments.
Aspiration - is a bank that is different by design and to prove it they are a Bcorporation. This bank didn't set out to build a bank they set out to build a better world. That could mean more money in your pocket – and more power to do good in your hands read more
Aspiration makes investing easy with professionally managed funds that are 100% fossil fuel free or with fewer ups and downs. They have the Redwood and Flagship funds Read more
NIBE Industrier AB
World Class solutions in a sustainable energy. NIBE is today listed under the name NIBE Industrier AB on the NASDAQ OMX Stockholm Exchange, Large Cap list with a secondary listing on the SIX Swiss Exchange. Read more
First Solar Inc
First Solar, Inc. is an American photovoltaic manufacturer of rigid thin film modules, or solar panels, and a provider of utility-scale PV power plants and supporting services that include finance, construction, maintenance and end-of-life panel recycling. Read more
Move cash to fossil free funds read more
Move cash and loans to ethical banks that do not invest in fossil fuels eg Bank Australia
In the stock market Invest in ethical companies that are helping to mitigate climate change or not adversely impacting the climate.
Hazer (HZR) is an ASX start up company in Western Australia that have come up with a new process to convert waste methane + iron ore into liquid hydrogen and high grade graphite. Liquid hydrogen can be used to replace the fossil fuel industry and has an estimated market of $Us 100 billion per annum. Besides removing waste methane gas from being release into the atmosphere the carbon in the graphite produced is locked up for millions of years and worth another US 15 billion annually. The company is doing commercial trails to convert methane from waste water treatment plants into liquid hydrogen with the Water Corporation of Western Australia and has just received a $9 Million dollar grant from the federal government to assist with starting commercial production. Burning hydrogen to power cars produces water. A clean energy future to replace the fossil fuel industry is now possible Read More
Infigen Energy, is a developer, owner and operator of renewable energy generation assets in Australia. Infigen's wind farm portfolio has an installed capacity of 557 MW. Read more
Australian Ethical Investments
Australian Ethical is an ethical wealth management company based in Sydney. Australian Ethical has $3.42 billion in funds under management and over 43,079 superannuation members, at 30 Jun 2019. Read more
European Investment Bank (EIB)
EIB is the European Union's nonprofit long-term lending institution established in 1958. As a "policy-driven bank" whose shareholders are the member states of the EU, the EIB uses its financing operations to bring about European integration and social cohesion Read more
Divest investments and move to ethical read more
You many want to also consider:
- Moving your families loans away from supporting fossil fuel by refinancing with an ethical bank
- Changing your families share portfolio to invest in ethical investments
- Start catching public transport more regularly
- Join extinction rebellion and start protesting
- Vote for political parties that have policies to act on climate change
- Make donations to organisations that are taking action on climate
- Get family and work to buy electric vehicles and run off 100% renewable energy
- Transition your family to a plant based diet by starting to reduce red meat consumption.
- Get your place of business to implement drawdown actions
- Sign up to a scheme to show that your family or your business is carbon neutral.
More details coming soon.