Stephen Fry Joins Celebrities Urging People to Switch to Green Pensions | Pension industry

Stephen Fry, actor Kelly Macdonald and former Liberal Democrat leader Jo Swinson have joined a coalition of activists calling on the public to harness the untapped power of their pensions to tackle the climate crisis.

They are among the celebrities, activists and businesses joining the 21x Club, launched at the Cop26 summit in Glasgow by the Make My Money Matter campaign, which was set up by Richard Curtis, the writer, director and co-founder of Comic Relief. .

The name of the campaign is inspired by research published this summer which suggests that turning your pension green is 21 times more effective at reducing your carbon footprint than stopping flying, going vegetarian and switching to an energy supplier. green combined.

The 21x Club aims to generalize “the power of our pensions through a range of leading voices”, including actor Peter Capaldi, former United Nations climate envoy and Irish President Mary Robinson, and Christiana Figueres, a former executive secretary of the United Nations Framework Convention on Climate Change.

The group, which also includes several leading companies such as Ikea, insurer Aviva and beverage company Innocent, will promote a new campaign to ensure all members of the public can access a green retirement.

Make My Money Matter is campaigning to shift part of the £ 2.6 billion invested in UK pensions alone from industries that harm people and the planet to sustainable businesses.

He said pensions had a critical role to play in moving towards a zero carbon world, but “limited public engagement, poor transparency and destructive investment practices” meant too much of that money. was invested in such a way as to cause damage, jeopardize returns and defeat the values ​​of millions of UK savers.

Curtis said he was “delighted to help launch the 21x Club – a group of passionate and imaginative leaders and organizations, each committed to using the hidden superpower of our retreats to build this better world.”

Fry said: “If you had asked me about a year ago how a normal person could affect climate change the most, I suspect changing their pension would have been very low on my list – way below committing. eat less roast beef or buy a new bike.

“But it turns out that we can make our money count. It’s kind of a silver bullet if we stop investing in fossil fuels or gambling, and instead invest in companies that will change the world.

“The magnitude of it all is shocking: billions and billions of billions of hard cash that could work every day to tackle climate change. The world is in desperate need of new big ideas, and this is one of them. “

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