The heat waves of 40°C hitting London this previous week and having no AC at home really gets you thinking about climate change, doesn’t it? That’s why we invited the founder and CEO of Clim8Invest, Duncan Grierson, to give us some advice on how to have a real impact on the environment by investing smarter and greener.
As Scarface’s song goes, “money makes the world go round”, this could stand true in a more literal sense than we think. There is no doubt that every time you manage your money in any way you have a carbon impact on the climate. We’re talking production, supply chains and labour forces – everything matters. To help you picture the actual size of this impact, know that individuals hold around one third of the world’s capital.
So yes, how you invest your money really does matter… a lot. But it can get really confusing once you actually try to pick a company that is actively striving to make a difference for the environment. With all the ‘greenwashing’ out there, our expert outlines 6 megatrends that form a “primary filter” that will help you decide which companies are worth investing in. Here are the 6 pillars of green investments:
1. Clean energy – including initiatives such as wind and solar power
2. Clean technology – investing in e.g. softwares for electric vehicles
3. Sustainable food – encouraging reducing meat and dairy consumption by introducing better plant-based alternatives
4. Circular economy – includes enhanced recycling practises, both on the individual and industry level
5. Clean water systems – working towards providing clean water for everyone, especially for more underserved areas
6. Clean mobility – enabling the transition from fossil fuels to more sustainable solutions
Our expert advises that you also ask yourself more ESG-type questions, such as what the growth trajectory of the company is. It’s worth thinking ahead to see what the long-term goals are and how they’re planning on achieving them. The ultimate question that you should ask yourself is this: “Is the company that I’m going to invest in selling a product which will make an actual difference?”.
We learned much more from our guest during this interview. In our course, you will explore how Fintech can help you with this decision-making process. You will also appreciate its important role in shifting our finances to a ‘greener’ future and raising the awareness about climate change.
All this and much more is waiting for you now – enrol while it’s free!