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Tyuleniy Archipelago, Kazakhstan

Net Zero

2022 and beyond… 

Our business purpose is helping our valued clients invest in the things that matter to them – ensuring financial security while their money is helping to build a better and more sustainable world for everyone.

We are believed to be the first UK financial advice firm that exclusively deals with clients who want to make a positive impact – not only avoiding investment into damaging industry such as fossil fuels, weapons manufacturing, and poor environmental practices, but choosing to invest in companies working towards a better future, through sustainable manufacturing, renewable energy, healthcare, and education for all.

A huge number of our portfolio holdings are committed to achieving Net Zero emissions – some by 2040, others by 2030, with some individual companies determined to reach this by 2025. Combined, the underlying equity holdings within our investment portfolios are well below the current pathway to limit global warming at 1.5°C, with our analysts determined to reduce this even further.[1]

But what about us?

Path’s net zero commitment

Our commitment to Net Zero is not only a priority for our investment portfolios, but for us as a company too. Implementing – and adhering – to a Net Zero pledge is not just for big business and we at Path are aiming to be Net Zero by the end of 2022.

2022 might sound ambitious but we believe we are on track to meet this target and will continue to remain Net Zero as our business grows in future, with regular reviews of how we are mitigating our emissions caused by our company operations.

In getting to Net Zero, we will look to include Scope 1, 2 and 3 emissions, in line with the criteria needed for science-based targets.

What we have done so far

We might not be Net Zero quite yet, but we are proud of what we have done so far. Examples of our Net Zero strategy include:

What we need to do next and ongoing monitoring

Achieving Net Zero is a journey – and one that will constantly evolve as our business continues to grow. Deliberately founded as a climate conscious company, our journey may be easier to implement than others, but we still have work to do to get there, and it does not simply stop when we reach our 2022 goal.

As we gain a better understanding of where we are along this journey, and improve the accuracy of our reporting metrics, we will regularly update this statement with our progress on where we are along this pathway.  

Some of our to do list includes:

  • Ongoing monitoring of the suitability of proposed Net Zero investment portfolio providers within the wider financial market, to increase the number of Net Zero investment options for our clients.
  • Improving our online presence by switching to a greener, environmentally friendly web host.
  • Ensuring our offices are powered by renewable energy via green tariffs where possible in our leased office spaces.
  • Regular reporting on our energy usage, and our adviser travel, to better quantify our emissions, identify where our efficiencies are, and offsetting where we need to.
  • Ensure ongoing commitment to our environmental and green office policies, particularly as we increase our UK presence and grow our business.

Contributing to global carbon neutrality

Sometimes we may produce emissions that we simply cannot avoid.

To help counter those types of emissions, Path will ensure that we give something back – via contributing to carbon offsetting programs that have been endorsed and verified by highly rated environmental stewardship groups.

Carbon offsetting schemes have attracted some controversy, with unscrupulous companies using such schemes to avoid changing their operations to appear more eco-friendly than they really are. Additionally, some carbon offset schemes are not as green as they appear, and due diligence is required to ensure that any scheme selected is providing robust and transparent projects that are actively making a difference.

The Net Zero Initiative suggests we move away from referring to this process as ‘Offsetting’ – which implies that investing into such a scheme cancels out a company’s own emissions. Instead, offsetting needs to be viewed as our company voluntarily contributing to global carbon neutrality, while doing everything possible to reduce our emissions through company policy.

Carbon offsetting only works when done alongside everything possible to reduce our company emissions, as a last resort where we cannot directly eliminate the emissions in question.

Not only will we contribute the required amount to achieve our Net Zero goals – as pioneers in the field of positive impact, we’ll contribute more where we can and encourage other business to do the same.

  • Our portfolios

    Our financial planning service is specifically designed around Positive Impact investing – we only recommend investments that have a measurable ethical, social, and environmental impact for our clients and do not recommend investment funds that do not meet these criteria.

    Our investment portfolios are aligned to the UN Sustainable Development Goals, and regularly monitored by our investment analysts – within our supply chain, underlying fund managers and holdings are engaged with on a regular basis to ensure that they meet strict sustainability criteria and can remain invested within the portfolios as a whole. A large part of this is the commitment to the UN Sustainable Goal 13 of Climate Action, but also includes the other 16 individual goals that also need commitment to environmental protection and sustainability in order to succeed.

    We undertake due diligence of our investment analysts regularly to ensure that they continue to meet our company ethical requirements and remain suitable for our clients’ specific ethical values. We are proud that along our supply chain, our chosen providers not only invest in companies with Net Zero pledges but have Net Zero commitments of their own as well as Certified B Corp status.

  • Our direct impact

    Our adviser team are based in various locations around the UK, meaning our team spend a significantly lower amount of time commuting to see our clients. Where we can, we encourage our staff to use public transport for commuting if walking is not an option, and we do not own any company vehicles.

    We have a flexible working policy, where the majority of our staff work from their homes and occasionally from a shared co-working space when needed, significantly reducing the amount of emissions we generate. This in turn means a lower requirement for our main office space, and much lower energy consumption as a result.

    While most of our team work from home, we can provide quality financial advice to the whole of the UK via screen sharing technology rather than limiting our service to one or two areas. Since our advice can be delivered remotely, we reduce emissions further by only travelling to meet clients when absolutely needed.

    We use recycled and second-hand office furniture in our main office where possible. We also use eSignature software to limit paper use and printing to only the very essential needed for our business. This includes ensuring our paper office supplies are bought from reputable FSC Certified / Recycled paper companies and when necessary, printed promotional materials are sourced from preferred providers with environmentally friendly processes. We recycle all recyclable waste within our office environment.

    While we actively encourage our staff to be environmentally conscious in the decisions they make while representing our company, our team already has sustainability at heart – you can see what personally motivates our people by visiting Our Team page.

  • Our supply chain

    The various providers that we use to implement our service have Net Zero commitments too, including carbon neutral cloud software

You only need to read the news and see some of the images from around the world to know that as humankind we can no longer bury our heads in the sand about climate change. Since having my daughter it has brought into sharp focus that we need to act now in order for the next generation to have a future. As well as trying to be mindful and make good choices, one of the most important aspects for me is teaching children from a young age that their individual actions can have a big impact and collectively we can all make a difference.

Carla Gerlach, Operations Business Manager

From multiple visits to Bangladesh since childhood, I have seen first-hand the devastation that climate change can cause in the day-to-day lives of the poorest in our society. This is especially prevalent in coastal areas where villagers have been losing their land and homes due to land erosion from the rising sea level – Simon Reeve’s brilliant Tropic of Cancer series for the BBC showed the harrowing images of costal erosion live, where metres of coastline can be gone in a blink of an eye. There are very real consequences of climate change for all of society, but the poorest are unequivocally the most vulnerable, and are unfairly having to take the burden of decades of unregulated carbon emissions in the developed world. This is clearly something that we need to take full accountability for, and by extension, turn the tide on, which I am proud to be facilitating through my role at Path.

Shams Kabir, Financial Planner

[1] EQ Investors Positive Impact Report 2020: Climate Scenario Analysis

RISK WARNING:
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.

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The Path Financial Limited. Registered in England. Company No. 11583740. Registered office address: The Path Financial Limited, Watch Oak, Battle, TN33 0YD.

Authorised and regulated by the Financial Conduct Authority. The Path Financial Limited is entered on the Financial Services Register https://register.fca.org.uk under reference 827270.

The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.

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Created specifically for customers looking to tackle the climate emergency with their pensions and investments, money invested in the Path Climate Solutions Portfolio is not just aligned with UN Sustainable Development Goals (SDGs), it’s focused on tackling climate change.

The Path Climate Solutions portfolio is the optimal choice for helping to tackle the climate crisis. It’s not just green, but deep green. It’s the best climate solutions tilt to a portfolio, whilst also offering the prospect of superior investment returns.

If you’re interested in finding out more about our Climate Solutions Portfolio, book your free consultation with one of our Financial Planners today.