Money Matters

Your money can help bring about positive change. Making good choices on your energy supplier and your pension, savings or investments can go a long way – saving and making you money.

OxToCC invites you to make a change or two. Here are some ideas:

Your first action:

Switch your electricity and gas to a green energy supplier – many people are saving up to £200 a year doing this. You can do this online using an energy comparison and switching site. The Oxford Big Clean Switch site offers a choice of eight energy suppliers that offer clean renewable electricity and makes switching very simple. 

Next steps:

If you’ve already switched to a green energy supplier – good work! There are more actions that you can take to make your money work harder for positive change.

  • Check where your pension/savings are – contact your pension or financial service provider and ask how far it is invested in businesses with high environmental standards. Click the red button above to record your action.
  • If you have money to invest make it work for the environment. There are two locally-based ways to invest: Ethex, an Oxford-based not-for-profit organisation and the Oxfordshire Low Carbon Hub that invests in community-owned energy projects both give good rates of return.

Taking it further – set your own actions and tell us about them!

  • Change how your pension is invested – support getting your money moved out of damaging pollution and into clean energy. If you’re in a public pension scheme, join the fossil fuel divestment movement e.g. Fossil Free Oxfordshire
  • Switching your bank account may sound like a big move, but it’s a very positive step. The bank leading the way on ethical and sustainable banking is Triodos .

Why does money matter?

Our pensions and savings all are invested in businesses. We should look to invest in the companies and projects that are making a positive difference, and avoid those causing environmental damage. Many companies that are developing new clean technologies have proved to be very good investments. Taking your money out of polluting companies and the fossil fuel industry sends a message to those companies that it is time for them to change too.

There are many ethical investment advisors who can help you make good choices. Many of the new ‘community energy’ projects across the UK owe their existence to people who have matched their money to their beliefs and they have consistently provided good rates of return.