Cushon's research shows that the average UK pension finances 23 tonnes of CO2 per year, equivalent to running nine family cars annually.
LONDON, May 3, 2022 /PRNewswire-PRWeb/ -- Today it's been announced that fintech workplace pension and savings provider Cushon has won Fast Company's 2022 World Changing Ideas Award for its Net Zero Now pension.
Cushon's Net Zero Now pension was selected as a winner from a pool of around 3,000 global entries from sectors including transportation, education, food, politics, technology, health, social justice.
Cushon's research shows that the average UK pension finances 23 tonnes of CO2 per year, equivalent to running nine family cars annually. While 99.5% of people are unaware of this impact, there is also a demand to make pensions more sustainable, over two thirds of employees (69%) are concerned about their company pension being invested in businesses that are contributing to climate change.
Cushon research showed that 62% of employees would engage more with their pension if they knew it was having a positive impact on climate change. The fintech connected these two issues - lack of engagement with pensions and the climate crisis - and launched the world's first net-zero pension scheme to help create a future worth saving for.
Fast Company's 2022 World Changing Ideas Awards honour innovative initiatives and other creative works that are supporting the growth of positive social innovation, tackling social inequality, climate change, and public health crises.
Cushon's impact-led investment strategy is at the heart of its Net Zero Now pension offering, diverting investments into companies that generate less carbon whilst also targeting higher potential returns for pension savers through green investments which should perform better in the long run as the focus on sustainability heightens around the world.
Ben Pollard, CEO Founder and CEO at Cushon said, "It's an honour to be named as a winner of Fast Company's 2022 World Changing Ideas Awards and receive recognition for the vital role pensions can play in tackling climate change. Pensions should be a force for good, helping both people and the planet. We know that the vast majority of employees want their pensions to align with their values and benefit the planet, however, too many pension schemes make this almost impossible. Net Zero Now is our solution to create a pension with purpose.
"Whilst other providers have set targets to become net zero in the next few decades, or offer simply 'greener' options, we have not only already delivered this innovative product but through our latest investment strategy are reducing emissions and the environmental impact of our investments even further."
About Cushon:
Cushon is a fintech using its world-leading financial technology to engage savers and empower them to build a better financial future.
Cushon offers pension and savings products via an intuitive mobile app that provides a highly personalised experience and environmentally friendly investments, making it easy for customers to manage their money and invest in a way that aligns with their personal goals and beliefs.
With a solution that fully integrates with payroll and benefit platforms, Cushon's products are delivered via the workplace to reach as many savers as possible. Employers use Cushon to enhance the financial wellbeing of their workforce by providing employees with a simple and convenient way to save into pensions, ISAs and other products direct from pay.
Cushon currently has over 440,000 customers with £1.7 billion of assets under management. Its corporate clients include 250 well known blue-chip companies including many of the FTSE 100
To find out more please visit http://www.cushon.co.uk/
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About the World Changing Ideas Awards: World Changing Ideas is one of Fast Company's major annual awards programs and is focused on social good, seeking to elevate finished products and brave concepts that make the world better. A panel of judges from across sectors choose winners, finalists, and honorable mentions based on feasibility and the potential for impact. With the goals of awarding ingenuity and fostering innovation, Fast Company draws attention to ideas with great potential and helps them expand their reach to inspire more people to start working on solving the problems that affect us all.
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SOURCE Cushon
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