Thread by @FryRsquared

After an uncomfortable brush with some less than angelic corporations last year, I started digging into the green credentials of the various companies I’d invested in with my ISA and discovered what I imagine a lot of you already knew: there is a LOT of greenwashing going
on.

There is something called an ESG rating that companies use to demonstrate their environmental credentials. If you have a stocks and shares ISA, you can look up the ratings of where your investments are. It might even give a rosy picture. The problem is ESG ratings are bollocks.

I dug some more and came across this company: @clim8invest. They have an app with a normal stocks & shares ISA, but one that only invests in companies actively working to tackle clean energy and technology.

I’ve long thought that we’re only going to turn a corner on the climate crisis if the market gets behind greener technologies, so that they become the most profitable thing to do as well as the right thing.

Anyway. I ended up chatting to the founders of Clim8 and I think they’re a force for good, so I’m going to be doing some work with them. Channel 4 are backing them too so you’ll hear my voice popping up on their new telly ad. #ad

Obviously don’t take financial advice from me (because a) it means putting capital at risk & b) what the hell do I know). But if you too are someone who feels uncomfortable investing in companies w/questionable ethics and credentials, just know there are options for your savings.

Capital at risk. (Obvs).