This petition was submitted during the 2017–2019 Conservative government
Petition Require banks and pension funds to provide consumers with sustainable options.
Most UK bank/savings accounts and many pensions don't indicate where funds will be invested or provide the consumer with options that support environmentally sustainable investments. We believe this is wrong as it inhibits consumer action on climate change and exposes the consumer to risk.
More details
Many consumers are currently prevented from putting their bank accounts and pensions to work in support of the transition to a low carbon economy. This also subjects them to elevated risks from stranded assets as larger investors increasingly divest from unsustainable businesses.
We believe there should be a legal requirement for all banks and pension providers to inform consumers where their money will be invested and to provide options for investment in sustainable businesses and funds.
This petition closed early because of a General Election Find out more on the Petitions Committee website