Co-op, Innocent Drinks, Comic Relief and more join Make My Money Matter’s Green Pensions Charter ahead of COP26

28 October 2021

  • 70 UK organisations have now pledged to green their pension in order to combat climate change

28th October 2021, London – Ahead of COP26 next week, Make My Money Matter today announces seven new signatories to its Green Pensions Charter. From household names such as The Coop, Innocent Drinks and Comic Relief, organisations from a range of sectors are continuing to show that they are taking climate risk seriously.

In signing up to the charter, companies pledge to take steps that will ensure that their workplace pension scheme is invested sustainably and aligns with the rest of their business sustainability policies. The new signatories also include Banijay Productions, Oliver, Media Bounty and Environment Investigation Agency.

The charter also responds to growing demand for green pensions which the industry is failing to meet. In fact, recent research from Make My Money Matter revealed that 18 million pension holders would like a green pension if given the chance – while the majority (70%) of major UK pension schemes have failed to act on climate. Signatories

At COP26, Make My Money Matter is calling on as many businesses and organisations as possible to join the movement and sign up to the Green Pensions Charter so that we can combat climate change on the world stage.

Commenting on the announcement, Jacinta Dillon, Partnerships Manager at Make My Money Matter said: “At Make My Money Matter we're working with organisations across the UK to help them make the connection between the power of their money and climate change. By acting now, businesses can turbocharge their existing efforts to be more sustainable and make sure their money is helping build a world we actually want to retire in.”

Steve Murrells, CEO of Co-op Group, said: “We are clearly facing a monumental climate change crisis and must recognise that we all have a part to play. We simply have to do more and act quicker. We’re signing Make My Money Matter’s Green Pensions Charter because aligning our pensions with a Net Zero target is a crucial step for us to take, and hugely significant for all of our current and former colleagues who are part of the scheme, given how essential it is we look to combat the climate change crisis through sustainable investment."

Nick Canney, European MD at Innocent Drinks commented: “As a business, we might make little drinks, but we have big dreams to keep people healthy while making sure our communities and planet are healthy too. It’s never been more important to work together and back change as a force for good. We therefore welcome the opportunity to support the endeavours of the Green Pension’s Charter and the collective action to drive pension investments in line with net zero ambitions.”

Samir Patel, CEO at Comic Relief commented: “We all need to take action to tackle the climate crisis and I’m proud that Comic Relief has taken the important step to commit to greener pensions to help cut carbon emissions. Over the years we have stopped investing in fossil fuels and developed a strong ethical investments policy as we continue our journey towards a more sustainable future.”

ENDS

For more information, please contact: Mark Carrington (mark.carrington@coop.co.uk)

About Co-op: The Co-op is one of the world’s largest consumer co-operatives with interests across food, funerals, insurance, legal services and health. It has a clear purpose of championing a better way of doing business for you and your communities. Owned by millions of UK consumers, the Co-op operates 2,600 food stores, over 1,000 funeral homes and it provides products to over 5,100 other stores, including those run by independent co-operative societies and through its wholesale business, Nisa Retail Limited. It has more than 65,000 colleagues and an annual revenue of over £10 billion.