Key points
Transparency: Many organizations claim to be environmentally friendly, but their actions often contradict these claims.
Change: Organizations evolve when we choose to support those that align with our values.
Simplicity: Although changing our existing practices can be challenging, being well-informed allows us to establish new relationships that reflect our values.
Reach: Over our lifetimes, we engage with numerous financial services and handle significant amounts of money. Ensure that these resources work to your advantage.
Where can we have an impact?
Throughout our lifetimes, we will inevitably engage with various financial services, such as
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mortgages
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credit cards
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personal investments
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insurance
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superannuation
When selecting a provider, we have the opportunity to choose one that aligns with our values.
What options do we have?
When selecting a service provider, it’s essential to review their environmental message and verify their actual credentials. Here are some points to consider:
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Superannuation Funds: Many superannuation funds allow you to choose a portfolio that includes ethical investments. While your returns may be slightly lower, the peace of mind can be worth it.
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Exchange Traded Funds (ETFs): If you invest in ETFs, there are numerous ethical options available. The Market Index website provides a comprehensive list of ETFs here https://www.marketindex.com.au/asx-etfs. Browse through them to find ones that align with your values. Be sure to download the ETF data sheet to understand what they do and do not invest in.
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Insurance and Banks: Check the environmental impact of companies you engage with, such as insurance providers and banks. The Bank Green website here https://bank.green/ allows you to look up how financial institutions behave environmentally. Select your country and find your bank to determine if it’s time for a change. For instance, here’s what it says about our local bank, Bendigo. Makes me fell better already.
By making informed choices, you can support organizations that align with your environmental values.
If you can’t find what you’re looking for, just give it a quick Google search—you’ll be surprised by the wealth of information available. Many websites are now dedicated to showcasing the ethical positions of the institutions we use.
Disclaimer: SOS is not a financial advisor. This advice is intended for informational purposes only. Always seek professional advice when choosing any investment.