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Carbon Advice Group targets ethical pension investors
Carbon Advice Group, which helps businesses reduce and offset their carbon footprint, is entering the savings and investment market by providing a way for ethical investors to purchase carbon credits through a SIPP.
The Pointon York SIPP allows investors to hold carbon credits within its SIPP wrapper helping to fund a range of low carbon, energy efficient and sustainable projects in developing nations, including wind, biomass and other renewable energy schemes.
Carbon Advice Group invests in carbon credits which have been independently verified to meet the highest standards. The focus is on projects which satisfy the UN Clean Development Mechanism (Certified Emissions Reductions) or an internationally recognised standard such as the Verified Carbon Standard (VCS) or the Gold Standard.
Carbon Advice Group founder and chief executive Matthew Sullivan said: “IFAs have been telling us they felt squeezed in terms of the number of ‘ethical’ packages they have available for their clients. This is an exciting new product with broad appeal for the more thoughtful investor who wants to see healthy returns.”
“We provide end-to-end trading and carbon credit custodianship services, online track and trace mechanisms, support and market updates so ethical investors can fully understand how their investment is linked to selected low-carbon projects throughout the world.
“We believe environmental and ethical considerations will become fundamental to investment decisions. We’re enabling people to gain access to the global carbon credit markets and be specific about the carbon credit projects they want to invest in by sector or country, which gives them the chance to make a good financial investment and follow the progress of their chosen carbon project.
“Market analysts reported a significant increase in global carbon market transactions in 2010 – we are optimistic that this demand will continue to grow as the global economy recovers and the importance of carbon reduction and sustainability gathers momentum worldwide.”
Pointon York’s Head of Marketing Natalie Oliver said: “The demand for more ethical investments has grown steadily over the last couple of years and we have seen an increase in customers wanting to hold Socially Responsible Investments (SRI) in their SIPP.
“Investors seeking to meet their sustainability aspirations are able to hold carbon credits through our full Individual SIPP and our Single Investment SIPP.”
Issued on behalf of Carbon Advice Group by Empica. For further information contact Martin Powell or Simon Harding on (01275) 394400. Natalie Oliver, Head of Marketing and PR at Pointon York can be contacted on 01858 419371.
Notes to Editors
Pointon York’s technical team reviewed this alternative investment and deemed it as appropriate to hold in a SIPP.
Carbon credit and emissions trading, also known as cap and trade, is a market-based system used to control pollution by providing financial incentives for achieving reductions in the emissions of pollutants.
Each carbon credit is worth one tonne of CO2. Companies and individuals can offset their CO2 emissions by purchasing credits from companies and individuals who are actively reducing CO2 in the atmosphere, therefore making their activities carbon neutral.
For example, a company generating 1,000 tons of CO2 a year in its factory may purchase 1,000 credits from a company that has started a new biofuel plant which has been verified as taking 1,000 tons of CO2 out of the atmosphere.