Wednesday 26th October 2016                 Change text size:

Why I invested in the Converging World

Photo: Tax Credits via Flickr

Private investor Darren Hall explains his motivations for investing in the Converging World, a charity that aims to enable and fund community activity in sustainable resources.

A few years ago, I happened to be banging on about how much I liked wind turbines, and how much I didn’t like people who didn’t like wind turbines. Cue a conversation with the Converging World, which had got round the problem of nimbys [‘not in my back yard’] by building them somewhere where the locals were absolutely delighted to have them.

Furthermore, I could invest some of my savings to help make it happen – and get an unheard of 6% return on investment for five years; and get my money back; and get another 10 years of interest for a charity of my choice. It was a no brainer – and I committed £4,000.

The reason I chose that amount was that I am also sponsoring a child through school in Darjeeling via a charity called the Darjeeling Children’s Trust, and 6% of £4,000 was the exact amount to pay for that – £240 per year – so everyone is a winner.

The Converging World is expecting to do a share offer through ethical investment platform Ethex in the near future. Sign up to the Ethex newsletter to find out more:

Further reading:

The Converging World: enabling a shift to sustainability

Ethex: empowering education into ethical investment

Why investing directly in renewables projects is a worthwhile venture

There is a disconnect between investment and the real world

The Guide to Sustainable Investment 2013

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