CLIMATE concerns could prompt more UK investors to move their money to ethical funds which support the positive changes they want to see, a survey suggests. Nearly half (45%) of investors say they would move their money to an ethical fund as a result of news about the environment, Triodos Bank found. Among those aged 18 to 24, more than three-quarters (78%) would be prompted to move their money to “impact investments” – which have a positive effect on society and the environment. On average, investors would put £3744 in an impact investment fund, an increase of £1000 compared with 2018. More than half (53%) of those surveyed believe choosing carefully where to invest is one of the best ways to help the planet, rising to 76% among those aged 18 to 24. Three-quarters (75%) of those surveyed agreed that financial providers need to be more transparent about where people’s money goes.
The National 21st Oct 2019 read more »
UK backing for a World Bank fund to help poor countries will hinge on reforms at the global institution to channel more money into tackling the climate crisis, improving gender equality and ensuring vulnerable countries can pay their debts. Speaking in Washington, the international development secretary, Alok Sharma, said the size of the UK’s contribution to the Bank’s concessional loan facility for the world’s least-developed countries would depend on a more focused anti-poverty approach. The Bank is currently seeking contributions from rich countries for the 19th replenishment of the International Development Association (IDA 19), which provides soft loans and grants for countries in financial difficulty.
Guardian 20th Oct 2019 read more »