“If you believe in ethical investing, then you should put your money where your mouth is.”
Making sustainable choices is important to Rick and Stew. They live their lives in a way that’s as green as possible, and wanted their finances to reflect this.
Stew Wade and Rick Chandler-Jones, from Clayton-le-Woods, Lancashire, have recently switched their pensions to Path. Stew, 60, is now retired but used to work as a recruitment administrator for an NHS Foundation trust and Rick, 58, works for the NHS. They have both consciously made green lifestyle changes to ensure they live as sustainably as possible, such as being mostly vegetarian and only driving for essential journeys.
Part of the lifestyle ethos they share is:
A healthy dislike of large corporations.
As Rick explains:
Gradually over time, we’ve seen from the press and media how much of an impact pension pots can have – it made us want to make a positive impact with ours.
The environment is significant for all of us and should be invested in. Social justice and green living are things we should be fighting for and protecting. Ethical investments are the right way to go and the best action to take with your finances.
The couple had been thinking for a couple of years about switching their pension and had gathered ideas about ethical investment before contacting Path in 2021.
It is something you forget to get round to, but the pandemic made us think about what our investments were doing,
You should weaponize money for good for the causes that are important to you, as money is a powerful force that should be used for good. It is important to have sustainability at the forefront of our actions, so if you can bring a positive change through your finances then you should where you can.
You shouldn’t put profit before things that are vital. We had a realisation that making our pension green would have a purpose rather than just sitting there and making a profit. We have quite modest pension pots that have now been ethically invested but the old adage ‘the more the merrier’ can also be put ‘collectively the impact is greater’.
People are apathetic towards ethical investing because they think it is too hard to move their pensions, but it is easy when you are being helped by someone at Path as they do all the hard work for you.
Stew also has complete trust in Path’s advisers, explaining:
We’re in no hurry to change or move our investments now they are with Path. We have been shown how over the years long-term ethical investments have been going up, so we have no doubts about them.
As always with investments, your capital is at risk. The value of your investment can go down as well as up, and you may get back less than you invest. This information should not be regarded as financial advice.