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Exclusive Interview, Joel Benjamin, Community Reinvest

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Joel Benjamin

Joel Benjamin has ten years professional experience in town and transport planning, public policy and environmental consultancy roles. This includes two years research and advocacy experience with Move Your Money UK – studying public sector, local authority and alternative finance.

Joel has experience in public policy, local planning and consultancy, coupled with recent financial campaigning, networking and research skills obtained through developing Local Authority guide on Banking for Social Good. The guide will streamline expansion of local authority finance work into divestment and re-investment options for municipalities to create alternatives that deliver economic and social value benefits for residents whilst expediting a transition to a jobs rich, low-carbon, local economy

What is Community Reinvest?


We are a not-for-profit Community Interest Company set up to link divestment and reinvestment and believe through this action it is possible to create flourishing low carbon, local economies. We exist to help public institutions demonstrate civic leadership by divesting from fossil fuels and reinvesting funds in the local economy, in a manner that has social, economic and environmental benefits.

What was the driver behind this?

In late 2014 when Co-Founder Jo Ram and I set up Community Reinvest – there was a lot of energy around the US & UK college fossil fuel divestment movement, but not a lot of joined-up thinking to link divestment with pathways for socially and environmentally just investment in the new economy for institutions and pension funds.

Its incredible to think that despite pension funds being members money, individual investors have next to no say in how their pension is actually invested.


Community Reinvest identified local authorities as a key player in the drive to the low carbon economy, because they are democratically accountable bodies, are in control of our local economies and account for £1 in every £4 of taxpayer funds spent.

We wanted to ensure the link between divestment from fossil fuels and investment in the renewables based low-carbon economy was made explicit and that such investments were both aligned with members and communities needs, and were environmentally sustainable.

Who does it primarily serve?

We’re here to help the divestment movement, local authority pension funds and community/ renewable energy groups work together and to signpost alternative, renewable investments and low carbon funds.

What difference does Community Reinvest want to make?

We need to radically decarbonise our economy, but we also need to democratise our entire energy system.

By divesting money from carbon intensive, centrally controlled corporate oil monopolies, and supporting a shift to democratised, locally owned and controlled renewable energy, we hope to distribute and anchor wealth within communities, creating jobs and local manufacturing opportunities while de-risking workers pension funds and improving the environment.

What are the barriers to making that difference?

The barriers are enormous. The first is transparency. Working with Friends of the Earth, Platform and 350, it took us 100 FOI requests and a year of data crunching just to work out how much local authority pension fund money was invested in fossil fuels – £14 billion. Around £3000 in coal, oil & gas for each LGPS fund member or £281 for each UK citizen.

Fossil fuels have been viewed as a safe bet for investors for more than a century, but recently a growing chorus of voices from Mark Carney to Naomi Klein and Bill McKibben are urging pension funds to review carbon investment risk and to pursue divestment. Culturally however, the pace of divestment and actual change within institutions has been slow.

UK Government policy has attacked renewables, singling out local authority pension funds to threaten  them on engaging in boycotts, divestment and sanctions, whilst trying to strong arm the funds into white elephant PFI infrastructure projects like HS2 which Government refuses to fund itself.

Currently the 89 LGPS funds in England and Wales are being forced by Government to pool themselves into 6-8 large funds to reduce the impact of rip-off City fund managers fees on workers nest-eggs. This will make pensions further removed from fund members, and harder to engage with.

Who’s helping you overcome those barriers?

On the divestment campaigning side, 350, Platform and Friends of the Earth are doing an admirable job of building and supporting local groups to push the divestment message and to work with the trade union movement on the transition to low carbon energy.

Organisations like Share Action and Carbon Tracker are engaging with the fund manager sector to ram home the message of fiduciary duty and the need to act in members interests and manage carbon investment risk. The trade union movement is making the case for a low-carbon jobs transition and pressuring Government to ensure workers pensions are invested in the long-term interests of members and do not become a political football for the Westminster elite.

Are investors and companies doing enough to divest and reinvest their assets?

In the language of the City, public pension funds are labelled “the dumb money” while private equity, hedge funds and banks are labelled “the smart money.”

With carbon risk, it’s the complete reversal. Government’s, citizens and insurance firms like Aviva are in the lead – demanding the City and financial markets take action to decarbonise, while major financial institutions and the oil majors drag heels, because their cash flow and debt generation business is inherently linked to fossil fuel extraction and the continuation of the petro-dollar.

With fossil fuels, pension fund managers and advisors are blocking oil soaked investments from heading where they needs to head – the exit sign and quickly.

How can people – individuals and organisations – find out more about Community Reinvest?

People can visit our website at www.communityreinvest.org.uk follow us on twitter @Comm_Reinvest and take a read of our recent report “Reinvesting Pensions – From Fossil Fuel Divestment to Reinvestment in the New Economy”

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Green Weddings Trend: Why 70% of Newlyweds Are Going Green

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A couple of months ago, my best friend got married to her new husband. They are both very eco-conscious people, so they decided to have a unique twist on their wedding. They asked for the following:

  • They arranged a carpool with their friends.
  • They didn’t have any balloons. Instead they used umbrellas.
  • They used plant materials instead of plastic confetti.
  • My friend insisted her husband not purchase a diamond. In addition to being ecologically conscious, she didn’t like the idea of having a stone that was used in conflict zones.

My friends aren’t the only ones making these changes. In fact, nearly a quarter of all newlyweds are organizing green weddings.


Green Weddings Are Becoming the Norm

People are more concerned about green living than ever before. They are trying to incorporate environmental protectionist ideas into every facet of their lives, even the most intimate, such as marriage. A growing number of people are trying to have green weddings, which can make a big difference in reducing their carbon footprint.

How much of a difference can this make? Here are some statistics to bear in mind:

There are a number ofreasons that green weddings are becoming more important. Here are a few.

People Are More Worried About Environmental Preservation than Ever Before


Green living in general is becoming a greater concern for most people. Even younger conservatives are breaking from their older counterparts by insisting on fighting climate change. According to a poll from Pew Research earlier this year, 75% of Americans say that they are very concerned about protecting the environment. Having green weddings is a good way to act on this concern.

One of the biggest changes people are making is using recycled products for their green weddings. This is explained by the research from Pew:

“Overall, 32% of U.S. adults say they are bothered a lot by people throwing away things that could be recycled. Roughly six-in-ten Americans (61%) who say they always try to live in ways that protect the environment say it bothers them “a lot” when others throw away things that could be recycled. Among those who are less focused on environmental protection, only a quarter say it bothers them a lot when others don’t recycle. People who are environmentally conscious are also twice as likely as others to say that seeing someone incorrectly putting trash in recycling bins bothers them a lot (42% vs. 21%).”

Indifferent Politicians Are Driving them to Take More Initiative

Many politicians in power have been very hesitant to take action on climate change. Many of them have openly stated that it is a hoax. These politicians are forcing people to do what they can in their own lives to make a difference. Making small changes, such as hosting green weddings, is a great way to improve the environment without waiting for political momentum.

Cost and Simplicity

A couple of the biggest reasons that people want to host green weddings have nothing to do with their concern for the environment. Running green weddings is simply cheaper and simpler than having a massive, traditional one. One of the biggest changes is that they are buying green engagement rings from the best brands.

Green Weddings Are the Future

Green weddings have become very popular over the past few years. They will probably account for close to 90% of all marriages by 2025. People that are planning to get married should look into the benefits and plan accordingly.

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Green Tech Start-Ups: Are they the Future?

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Endless innovations are occurring in green companies, reinventing the industries they belong to. Gradually, they are beginning to amass more success and popularity. Consequently, these factors serve as a good indicator for green technology businesses, and their development must begin somewhere.

Green tech start-ups boast a wide array of opportunities for the economy and environment, while boosting recruitment openings with valuable services. While the technology industry is littered with high revenues and competition, the green tech start-ups are the clear sign of a cleaner future.


Fulfilling a Genuine Need

Many tech companies will market themselves as the ultimate tech giants to shift stock and make profit. As they all vie for attention through warped corporate rhetoric, there is only one ethical winner; the start-up green tech company.

Some argue that mainstream tech businesses have grown far too big, branching out into other industries and standing between the consumer and practically everything they do. However, green tech start-ups go beyond the shallow ambitions of a company, answering a call to sincerely help the customer and climate in any way they can. Of course, this is an attractive business model, putting customers at ease as they contribute to a humanitarian cause that is genuine through and through.

After all, empathy is a striking trait to have in business, and green tech start-ups maintain this composure by their very nature and purpose.

Creating Opportunities

Despite the pursuits for clean energy still needing more awareness, green tech is an area that is ripe for contribution and expansion. There’s no need to copy another company or be a business of cheap knockoffs; green tech start-ups can add a new voice to the economy by being fresh, fearless and entrepreneurial.


Technology is at its most useful when it breaks new ground, an awe that eco-friendly innovations have by default in their operations. Of course, green tech start-ups have the chance to build on this foundation and create harmony instead of climate crisis. Ultimately, the tech advancements are what revolutionise clean energy as more than an activist niche, putting theory into practice.

Despite the US gradually becoming more disengaged with green technology, others such as China and Canada recognise the potential in green technology for creating jobs and growth in their respective economies. The slack of others spurs them on, which creates a constant influx of prospects for the green tech sector. Put simply, their services are always required, able to thrive from country to country.

A Fundamental Foresight

Mainstream technology can seem repetitive and dull, tinkering with what has come before rather than turning tech on its head. Since 2011, technology has been accused of stagnation, something which the internet and petty app services seem to disguise in short reaching ideas of creativity.

However, green tech start-ups aren’t just winging it, and operate with a roadmap of climate change in the years ahead to strategize accordingly. In other words, they aren’t simply looking to make a quick profit by sticking to a trend, but have the long-term future in mind. Consequently, the green tech start-up will be there from the very start, building up from the foundational level to only grow as more and more people inevitably go green.

They can additionally forecast their finances too, with the ability to access online platforms despite the differing levels of experience, keeping them in the loop. Consequently, with an eye for the future, green tech startups are the ones who will eventually usher in the new era.

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