Seventeen organisations, including British Red Cross, Green School Projects and Citizens UK, have signed up to Make My Money Matter’s (MMMM) Green Pensions Charter, bringing the total number of signatories pledging to align their company pension schemes with net-zero targets to 100.

The new signatories are a broad mix of UK companies and charities including Abel&Cole, Bates Wells, Living Wage Foundation, TrustPayments, DoNation, The Climate Coalition, Positive Planet, CH&Co, Zero Bees, Moyu, Turning Trusts, TXImpact, Eco-nnect, and Homethings.

In signing up to the charter, these organisations commit to engage with their pension providers and trustees to align their employees’ pensions to net zero and bring down the carbon emissions of their pension portfolios.

The charter responds to growing demand for green pensions across society, with 21 million pension holders preferring a green pension if offered one, according to recent MMMM research.

The campaign group is rallying businesses and NGOs to leverage their position and influence to accelerate action on using pensions to help tackle climate change.

To do this, MMMM is calling on all UK employers to join them by aligning their pensions to its sustainability commitments through corporate pension schemes to help tackle the climate crisis.

MMMM CEO, Tony Burdon, commented: “The world’s most sustainable businesses are ramping up efforts to cut their carbon yet ignoring one of their most powerful tools to tackle the climate emergency: their pensions.

“Pensions may not be the most exciting topic for any CEO or chief sustainability officer fighting to change the world, but they are one of the most powerful.

“That’s why green pensions must become the next frontier for corporate sustainability. We thank these 100 leading organizations signed up to the Green Pensions Charter and are already looking forward to welcoming the next 100.”

Citizens UK executive director, Matthew Bolton, added: “Our planet faces major threats, and as citizens of the UK, we feel responsible to our future generations.

“Today we have the power to choose climate policies that will restore cities, create new jobs and protect our future health. We believe strongly that the money we invest in our pensions should be used for good, to challenge injustice and build stronger communities.”

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