10 Nov 2009

UK’s greenest supplier says climate change is THE ethical issue for investors

Good Energy, the UK’s only dedicated 100% renewable electricity company, is urging its customers and shareholders to make sure their savings and pensions accounts are being invested in companies which make a difference in the fight against climate change.

As part of its support for National Ethical Investment Week, Good Energy is calling for investors to consider carefully whether their investments are both green and ethical.

Juliet Davenport, founder and CEO of Good Energy, said: “Climate change is THE ethical issue of our age. To combat this we’ll need to see a major shift in investment towards renewable energy and other green projects. Anyone with funds to invest should ensure their money is being invested directly in companies which are addressing this head on.”

Research on behalf of National Ethical Investment Week showed that 49% of all people with savings and investments would like to make money while making a difference. Yet, only 8% of savers actually held a green or ethical investment or savings product.

“It’s time for people to put their money where their mouth is. Renewable energy and clean-tech are exciting investment sectors with strong long-term growth potential. People need to realise they can make a difference and make money too,” Ms Davenport added.

Good Energy is the only UK supplier to buy and sell 100% of its electricity sourced solely from wind, solar, hydro and sustainable biomass sources and is committed to increasing the amount of renewable generation in the UK.   The company is currently in the process of repowering its own wind farm in Cornwall to maximise its output and also supports a network of 1000 homeowners, farmers and communities who generate their own renewable electricity.