Green your personal finances

It's important to understand that where you choose to store your money can have an outsized impact on your environmental footprint. That's because most often, your money is not just sitting idly in your bank account, but is being used to create loans for projects that can either harm or benefit the planet.

Your bank's climate impact

Many institutions, like banks, are funding fracking, oil and gas pipelines and fossil fuel power stations. Divesting your personal finances from these industries is one of the most impactful things you can do for the environment as an individual.  

• Contact your bank, building society or pension provider to find out where they are investing your money, and ask if you can opt out of funds investing in fossil fuels. 
• Visit the ‘Switch It Green’ Green Banking Platform to find out about your current bank's investment policies and for help choose a new green bank. The Current Account Switch Service (CASS) will handle your switch, leaving you free to maximise your switching power with the Green Banking Platform’s ready-to-go lobbying features. Switching banks is a simple one-off action you can take today which will continue to have a positive environmental impact throughout your life. 

Westminster Green Investment

In 2023, in partnership with ethical crowdfunding platform Abundance Investment, we launched ‘Westminster Green Investment’.

This scheme enabled residents to invest in sustainable projects and green initiatives within the local community. In the first round, the scheme raised £1 million in just nine days.

Find out more about the 'Westminster Green Investment' scheme.