£300bn of pensions linked to deforestation

Over £300bn of UK pension money is invested in companies and financial institutions with high deforestation risk according to joint research by Make My Money Matter, SYSTEMIQ and Global Canopy.

For an average defined contribution pension saver in the UK, two pounds of every ten saved is invested in businesses with high deforestation risk.

With an estimated 30 football fields of forest lost every minute – and an area the size of London destroyed every week, Make My Money Matter is calling on pension schemes to listen to the views of their members by committing to deforestation free portfolios.

Richard Curtis, co-founder at Make My Money Matter commented: “It doesn’t have to be this way. If pension funds commit to cutting deforestation from our portfolios – and our money is cleverly and massively applied to support the industries and business that are restoring, not jeopardising, our natural environment - both profits and the planet can come out on top.”

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