Is your pension fuelling the climate crisis?
There’s £3 trillion in UK pensions – and that’s our money. Right now it’s invested without our say in companies driving deforestation and funding fossil fuels.
But we can change this. Greening our pensions cuts our carbon footprint 21x more than going veggie, giving up flying and switching energy providers.
That’s why we’ve made it easy for you to make your money matter and ranked the UK’s largest pension providers to see how green they really are.
UK pension schemes invest a staggering £88 billion in fossil fuel companies run by the likes of Oblivia Coalmine. That’s £3,000 per pension holder in businesses like Shell and BP. These oil and gas companies are continuing to expand operations and develop new fossil fuels, despite the science being clear this must end. This is bad for people, bad for the planet, and bad for our pensions.
For every £10 you put in your pension, £2 is linked to deforestation. The research shows that from timber to tobacco, mining to manufacturing, our pensions are propping up the very businesses responsible for chopping down 10 million hectares of forests each year. See our Benedict Lumberjack campaign for more.
Our pensions have the potential to invest £1 trillion in climate solutions – like renewable energy – by 2035. This is 50% of the money needed to reach the UK’s 2050 net zero goal, and would not just help the planet, but our wallets too. But we need our pensions, regulators and government to step up and make this happen.
As savers we have power to influence the trillions of pounds in our pension pots towards cleaner, greener, future-proofed investments. After all, what’s the point in retiring in a world on fire?
Climate Action Report 2025
We’ve ranked the 12 largest UK pension providers on their climate plans. If you’re not happy with how yours scores, contact your employer to highlight their climate performance and demand action for a greener pension. Read the full report here.
Act Now: Use Your Pension Power
Making your pension green is 21x more powerful at cutting your carbon than giving up flying, going veggie and switching energy provider. So why not turbo charge your impact today?
For most of us, our employer chooses who our pension is with. We’ve made it easy for you to share the Climate Action Report ranking with them to highlight your provider’s performance and ask for action and a greener pension.
What’s next?
The movement to make our money matter continues.
Sign the petition from the new Better Pensions campaign for fairer, greener pensions.