The Big Issue unveils new investment fund tackling the climate crisis
David Attenborough warns world leaders about climate change
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The Multi-Asset Climate Solutions (MACS) Fund is combing the globe for companies enabling the transition to a low carbon economy that get at least half of their revenue from climate change solutions and other key environmental challenges. Currently, less than five per cent of the world’s firms fit the bill.
A fifth of the net revenue from the fund will be reinvested into The Big Issue Group to help support its mission of dismantling poverty for now and future generations.
MACS enables investment across a range of different assets classes, spreading risk across equities, bonds and real estate.
While its focus is on solutions, the fund won’t invest in any companies involved in activities that harm people or the planet. These include fossil fuels, tobacco, weapons, unethical practices such as child labour or firms with high carbon emissions.
A new Climate Advisory Group, set up to ensure the fund does what it says, is made up of environment, policy and finance experts.
This fund allows individuals to take targeted action
Climate activist Jouja Maamri, 24, a representative of TBIG on the group, said: “It is important that the fund takes into account what young people like me have to say. After all, it’s our generation and the ones after us that will bear the costs of climate change.
“This fund allows individuals to take targeted action. By choosing to invest in green companies, you’re saying you’re not ok with the status quo. You don’t have to be a big investor. You are part of a bigger collective – when lots of people mobilise whatever money they have for good, it can bring about change on a corporate level.”
The Big Issue Group chair Nigel Kershaw explained: “Crucially, this fund is about what we can do to address climate change, rather than just what we shouldn’t be doing. Like The Big Issue, it’s all about solutions, not just exclusions.
“The Big Issue’s mission is to build a world that works for everyone, for now and for future generations. The MACS Fund is a natural extension of this mission, given that the negative effects of climate change are likely to be felt by the poorest and most vulnerable people in our communities first and hardest.”
“The MACS Fund gives people a way to put their money to work helping to drive the global shift to net zero, while also benefitting from the high growth investment opportunities that go with it,” commented fund manager, ASI’s Craig Mackenzie.
“MACS helps to meet a range of the United Nations Sustainable Development Goals, which were adopted by world leaders in 2015 to help fight poverty, inequality, environmental degradation and climate change. These include developing clean water, controlling air pollution and building the sustainable infrastructure needed to move towards a green economy.”
The fund follows the launch of The Big Exchange, which – co-founded by TBIG – is the UK’s first online investment platform to invest solely in managed funds deemed to make a positive impact on the planet and society.
Visit www.thebigexchange.com for more details about MACS, available from £25 a month, a £100 lump sum or through an independent financial advisor on Standard Life’s Wrap and Elevate platforms.
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