This pension technology provider offers pension providers personalized climate impact info for their clients right now

While some of the biggest pension providers are experiencing challenges with regards to responding to customer’s desires to make their pension money green.

John Parker says that where pension providers struggle with engaging employees with their pensions the climate impact offers a great opportunity.

As people enroll and contribute pension money, they are also often investing in climate-unfriendly businesses – unknowingly or not. An average U.K. pension for instance is financing 23 tonnes of carbon emissions annually, about equivalent to running nine family cars per year. The figures in other European countries resemble this. “It feels wrong,” John Parker says. “The more I save for my own retirement, the more damage I’m inadvertently doing to the climate.” The question is, are the rest of the pension savers aware of the influence of pension funds on the climate?

Some of the biggest pension providers have stated that they want to go to net zero in 2050. We felt that that was just too far in the distance,” John Parker says. “Climate change is a massive issue now.”

According to 2020 survey data from research firm Censuswide, 69% of U.K. employees worry that their pensions are contributing to the climate crisis—but 99.5% don’t know how many emissions their funds may be causing. “I am absolutely certain that very, very few would be able to name an underlying company that they’re actually invested in,” John Parker says. People got used to pensions historically being “passive,” he says, when the government pension was sturdier; now, in countries like the Netherlands pension systems are transforming and employee engagement with their own pension money is much more vital.

Education about the matter is key. Education works best when there is engagement and motivation . CTC Pension Tech has always been innovators in that area, with their digital personalized pension video’s for example. CTC Pension Tech also wants to educate employees about the fact that more sustainable investment does not automatically equate to less financially lucrative investment.

link to linkedin profile John Parker https://www.linkedin.com/in/john-parker-ctc/