News and Analysis | Author: Richard Ravelin | October 31, 2022

The shocking truth about your money: Path Financial at Ethical Consumer Week

As a business, we want to help to revolutionise savings and help give power to people who care about making a difference – not just for themselves and their loved ones, but for the global community too. That’s why we’re taking part in this week’s Ethical Consumer Week.

Hosted by Ethical Consumer Magazine, this year’s event will explore the theme of consumer action in the cost-of-living crisis.

Through a series of online seminars and an in-person conference in London this Friday, 4^th November, the aim of the week is to explore who’s benefiting and who’s paying for the cost-of-living crisis – and the role of government, business and consumers in finding equitable solutions.

Financial Planners Jack and Luke will be hosting an online session ‘The shocking truth about your money: and what you can do about it’, tomorrow (1^st November), 1-2pm. In the session, we’ll explore the role money has in supporting destructive industries such as mining, oil and gas. Many people don’t realise the part their money is playing in harming our planet – or how easy it is to change.

c£6.1 trillion is invested in UK pensions (Office of National Statistics) and c£300 billion invested is linked to deforestation (Make My Money Matter). We are in a situation where vegans are investing in the meat industry, medics are investing in tobacco and climate activists are investing in fossil fuel companies, without even realising it. 

Jack and Luke will shine a spotlight on these issues and the actions we can all take to make sure our money is aligned with our values. The session is free and there’s some spots still available – you can book a place here.

In addition, our Founder, David Macdonald will be discussing these issues in person during a breakout session at the London conference on Friday.

The energy crisis and the climate crisis mean that we need to be accelerating the transition to green energy, investing in solutions like renewables which are cheaper, faster and better for the environment.

The trillions invested in pensions could be used to invest in these vital climate solutions, diversifying and cleaning up energy and infrastructure. Instead, much of it is propping up the harmful industries like fossil fuels, oil and gas and deforestation that are responsible for pushing us ever closer towards catastrophic climate change.

You have a choice. Your pensions, savings and investments could be working to protect the future you’re saving for.  It’s time to take control and make a difference today for a better tomorrow.

We’ll be at the live event at Conway Hall in London this Friday, 4^th November. If you’re planning to attend, please do stop by to say hello and meet some of our ethical investment experts. If not, please get in touch with us anytime for a chat.