Your money for good

My super fund (retirement fund in Australia) turned 10 this week.

Future Super avoid investing in projects like fossil fuels, weapons, gambling, and industries or projects that generally do more harm than good (their words), instead directing their investment power to things like clean energy, housing, sustainable transport, education, health care and a lot more.

For me, this stuff resonates massively. I couldn’t stand the idea of my money sitting in a superfund or bank that used it to fund harmful projects, so I switched both to ethical options (Future Super and Bank Australia).

A few quotes from their newsletter today:

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One of the biggest contributions you can make to slowing climate change isn’t the car you drive or the lightbulbs you use, although those are important. It’s actively choosing where your money is invested. The money in our super, savings accounts and mortgages drives carbon pollution, because financial institutions are investing in and lending to fossil fuel industries.

Switch to Future Super, and that’s it – one of your biggest assets is moved into investment products that screen out coal, oil, and gas companies. The more people that do this, the faster we can end the pipeline of investment that props up the fossil fuel industry, and therefore slow climate change.

Imagine if every dollar of Australia’s super was invested in climate solutions? That’s $3.9 trillion changing the world for the better.

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Read more about them here – they have a 5-minute switch/sign up (which I did, and it was, and that’s not an affiliate link 😀).