Cushon launches the world's first Net Zero pension - Seite 2
A big plus for employers is that a move to a Net Zero pension would also increase employee engagement rates. Cushon's research shows that 62.4% would engage more with their pension if they knew it was making a positive impact on climate change. To further boost engagement, Cushon is also launching a new app which allows members to see all their pensions, other savings and investments in one place. It's fully transactional, and employees can change contributions and transfer in other pension and investment pots.
Commenting on the launch, Ben Pollard, Founder & CEO, Cushon, said: "At Cushon, we know that people want their retirement savings to help tackle climate change without sacrificing returns. We wanted to find a very real way of making this work by delivering a pension that is Net Zero now. By choosing a Net Zero pension, employers are helping their employees have a direct and significant impact on climate change. The demand that we have already seen for our Net Zero pension is testament to this and we are now working towards being able to offer the same philosophy through our other product offerings. We're so excited to be able to bring all of these products together so that our customers can see and manage all their investments together in an intuitive and engaging user interface.
"The idea of Net Zero investing is shamefully poorly developed within the fund management industry. We work with three of the largest fund managers in the world, and only one of them was even able to tell us the CO2 emission levels of their funds. To ensure there is no impact on returns, having reduced the emissions financed by the funds as far as possible via solutions that are currently available 'off the shelf' from our fund managers, Cushon is paying to offset any residual emissions out of the company's own money. We have worked with Vertree to select a range of Verified Carbon Standard (VCS) projects, with 75% of projects being triple, double or single gold rated under the Climate, Community and Biodiversity (CCB) Standard."
Supporting the launch, Richard Curtis, Co-Founder of Make My Money Matter, said: "The launch of a pension that is net zero now – not later – shows what is possible from the pensions industry when tackling the climate emergency is taken seriously. This new pension, with robust sustainability credentials, will be the first of its kind and so we are delighted to partner with Cushon as they continue to integrate environmental criteria across the board.
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