3 ethical supers that help the environment

Family at the beach happy to support ethical supers

Since the Intergovernmental Panel on Climate Change issued a ‘code red’ for humanity in their most recent report, many Aussies have been trying to figure out how to combat the climate crisis.

The future may seem bleak, especially since 2011, CO2 emissions continue to rise rather than decrease. It scared many people and corporations into action. Some more than others.

Major financial institutions that fund climate worsening endeavours have begun offering green loans to their customers. Now, in an ideal world these banks would stop pouring 3.8 trillion USD into the fossil fuel industry rather than offering a handful of green alternatives. Sadly, we don’t live in that world, but when consumers make their finances greener in droves it sends a message to the big institutions.

Going green is possible, there are environmentally friendly banks, loans, vehicles, homes and supers.

Recently, the government introduced a super comparison tool that allows Australians to find supers that meet their ethical needs. Or you can check the list below to see which supers are the most environmentally conscious.

Ethical Supers to check out

Australian Ethical

This super has been around more than 30 years offering sustainable investments to their members. In 2020, it saved 88,100 tonnes of CO2 emissions from entering the atmosphere by investing in companies that deliver clean energy solutions. Recently, the company invested in a clean ocean mission that removed 1,112kg of waste from the Sydney Harbour.

Future Super

In 2019, Future Super saved more than 62,000 tonnes of CO2 emissions from entering the atmosphere. That is equivalent to 27,500 cars off Australia’s roads. The fund invests in renewable energy, wind farms and solar farms. It also draws the hardline and doesn’t invest in fossil fuels, alcohol, tobacco, gambling, old growth logging, animal cruelty or private prisons.

Verve Super

This women run and owned firm focuses on empowering women through investing in companies that lead to diversity and inclusion. No investments are made towards fossil fuels, environmental destruction, weapons, gambling, tobacco, human rights abuses, offshore detention, etc. It focuses on investing in companies that promote gender diversity and inclusion, social wellbeing, renewable energy, recycling and more.

If you want to learn how to make your money ethically green check out Mozo’s family finances page to find more information on how to make your finances sustainable, ethical and environmentally friendly.