As an established IFA firm that has been running for nearly 30 years in Worthing, we have decided to improve our environmental impact in our office and go paperless.
As a society we are becoming much more aware of the environment and how our actions can impact it. Here at Investment Solutions we are trying to do our little bit by being a little Greener in the office. We recently made the decision to go paperless which has resulted in all our client files being scanned and held into a virtual secure system. This has led to us using less paper now and moving forward. We still need to send paper documents to clients, however we are looking into ways of minimising this where possible.
We are trying to do other things to help the environment such as recycling our office waste and we recently moved to cartridge free printers. We also have a ‘cycle to work’ scheme which a number of our colleagues take part in which helps reduce our carbon foot print and allows those that participate to keep fit too. However our environmental champion and director Angus Willson is constantly thinking of new ways for us to do our bit so we expect more changes to be added to the office over the next few months. Angus’s goal is for us to become a carbon neutral firm eventually, we are not sure if this is achievable but we shall keep trying to make improvements where possible.
Environmentally Friendly Investments
We have had more interest from clients wanting to invest in assets which are positive for the planet too. One managed fund we have been recommending to clients recently, specialises in investing in equities of companies with excellent management teams and core products and services that are making a positive contribution to society.
In particular the fund is trying to invest in companies that emit less CO2 on average. This is good for the environment and also for the companies which may have less issues with emissions regulations over the medium term.
Much of the electricity that we use, continues to come from fossil fuels and we are far from completely renewable sources but progress, and opportunities, are clear. The companies approach to carbon risk – as well as carbon opportunities – uses a combination of:
- Actively avoiding carbon-intensive businesses (as they believe their future profitability to be overestimated by the market). The company does not invest in the primary extraction of fossil fuels such as coal, oil or natural gas, airlines or auto manufacturers
- Seeking out the best operationally managed companies that are proactively managing their business to mitigate increasing regulatory burdens designed to make big emitters pay
- Actively looking for exposure to profitable businesses providing solutions to help emit less pollution
While no investor can completely avoid exposure to fossil fuels, as all companies use electricity, the fund house invests in businesses that profit from the positive change under way in our energy system.
Such investment funds are specialist and if this is something that would be of interest to you we recommend seeking independent financial advice to make sure such an investment is suitable. Please feel free to get in touch if you would like to discuss this further.
Alternatively if you work in an office and have some great ways of becoming a little more green, please let us know.
Past performance is not a guide to future performance. Do remember that the value of an investment and the income generated from them can fall as well as rise and is not guaranteed, therefore, you may not get back the amount originally invested and potentially risk total loss of capital.