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100 philanthropic organisations have pledged to divest from fossil fuels



One hundred philanthropic trusts, foundations and family offices, with over $5 billion (£3.2bn) in assets under management, have now committed to divesting from fossil fuels and supporting the low carbon economy.

Eighteen philanthropic organisations have made their commitment public today, joining existing signatories, including the Rockefeller Brothers’ Fund and Ben & Jerry’s Foundation. Amongst the new signatories are the Ashden Trust and Joseph Rowntree Charitable Trust.

The fossil fuel divestment movement has rapidly gained momentum in recent years, with universities, religious institutions and pension funds among those committing to take money out of polluting energy sources. The Divest Invest Philanthropy pledge involves organisations pledging to divest portfolios of fossil fuel shares within five years and divert at least a portion of this to climate solutions, from renewable energy to clean technology.

One hundred philanthropic organisations have now signed up to the pledge. The goal is to have 200 charitable organisations sign up by September in order to send policymakers at the UN climate change meeting in Paris in December a “powerful signal”.

In a letter the new signatories note that financial benefits of divestment, stating, “Historically, investments in fossil fuel companies have provided good financial returns. The future of those returns is now far less certain due to falling costs of renewables and rising costs of explorations and extraction of fossil fuels. Add to this, the likely introduction of policies to limit emissions of greenhouse gases, and fossil fuel assets will probably become stranded.”

The trusts, foundations and family offices also make a case for divestment based on ethics, noting that climate change is already having “serious humanitarian and economic consequences”.

“In light of this, we believe it is not possible, in good conscience to continue to plan for a future dependent on fossil fuels,” the letter adds.

Despite the growing fossil fuel divestment movement, many organisations cite fiduciary duty as a reason not to act. However, a report from the Law Commission last year concluded that trustees can take environmental, social and governance (ESG) factors into account, noting such considerations are designed to reduce risk.

Speaking about the implications of fiduciary duty, Luke Fletcher, a partner at law firm Bates Wells Braithwaite, commented, ”Given the evidence of man-made contribution to climate change and the consequences of climate change on human populations, it would patently be reasonable for a charity with a purpose to protect the environment, with general charitable purpose or, for example, a relief of poverty or advancement of health purposes, which has concerns about the consequences of climate change for its beneficiaries, to divest from carbon-intensive investment, even if this was expected to causes significant financial detriment.”

Photo: sheffield star via Flickr

Further reading:

UN backing fossil fuel divestment campaign

Students call on parents to divest from fossil fuels

Study: rich nations could affordably give $2tn to tackle climate change in developing countries

British businesses urged to ‘show leadership in charity work and philanthropy’

Norway’s pension fund to divest from coal


How to make a sustainable living out of Forex Trading?




sustainable forex trading
Shutterstock Licensed Photo - By Robert Kneschke |

There are two different types of forex trading in general: the profitable one and the not so profitable one. Everyone wants good profits at the end of the day, but unfortunately a good number of traders are burdened with the huge losses at the end of their forex careers. Many newbies run the other way around when they hear about forex trading due to heavy losses in their initial period. Of course, you would have heard about all those success stories, in your friends’ circle or on the internet. However, if you are looking forward to replicate those success stories, you need get yourself ready before that.

In this article, we will discuss the six essential skills that are needed to earn some profits from trading foreign currencies and make a sustainable living out of it.

1. Limit your risk ceiling

When you start with forex, you should try to define limits. Try to create a balanced scorecard that defines your personality with regards to various parameters such as your strengths, weaknesses, behaviors, and ability to take risks. It is essential that you list your financial goals before you start with forex trading.

2. Learn about leverage ratio and account type

When you start, brokers will suggest different forex trading accounts that might take you for a whirl if you aren’t prepared. Each forex trading account has its own pros and cons. It is essential that you engage with your broker to create a mini trading account so that you will be able to warm up on your forex trading skills in a low risk environment.

3. Start small

While starting out, some investors rush to have multiple currency pairs without doing proper research on them beforehand. It is very important have you understand the nature and volatility of a currency before you start trading a pair. Every single foreign currency is like a market onto itself. It is therefore important that you take the time to study about the country before forming pairs to understand the volatility of the currency. By using forex trading platforms such as ETX Capital, you can take informed decisions easily.

4. Learn to control emotions

A forex trader should never take any decisions on the spur of the moment based on emotions and should be as rational as he can. Controlling your impulses is the key to becoming a great forex trader.

5. Automate your processes

I am not suggesting you to rely completely on forex robots and trade copiers, but make use of the latest automation tech to execute transactions faster than ever before. Make use of automation features such as stop loss, price options etc. to make the most out of the exciting opportunities.

6. Keep it simple.

Not everyone can be a genius economist, mathematician and a trader, bundled into one. Forex trading is not a complex subject, you only need to arm yourself with positive thinking, and set yourself clear and realistic goals.


I hope this article was useful for you to learn about the key reasons why online forex trading is a good investment and how you can earn money through it. If you have any doubts with regards to this, let us know through the comments and we will be glad to help you out. If you have any suggestions regarding how we can improve the article, let us know them through the comments as well for us to improve.

Though it’s a reliable source of income, you will have to educate yourself properly before you start investing. It is important that you take the time to understand why things are the way they are before you jump all in and start making your first big bucks. All the best for your future ventures and keep coming for more interesting and useful articles.

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How to Achieve your Financial Goals by Sustainable Investments



Sustainable Investments
Shutterstock Licensed Photo - By Romolo Tavani |

No matter how you choose to invest your hard earned money, it can be difficult to achieve your financial objectives independently. After all, an estimated $5.3 trillion is traded on the forex market alone every single day, but not all of this goes towards successful investments. So, while you may have access to a wider range of investments than ever before in the modern age, this means little unless you have the expertise to optimize them. In this post, we’ll look at how you can achieve your financial objectives simply by managing your investments effectively and leveraging objective expertise in relevant fields.

Using Reputable and Skilled Financial Planning Experts

The key is to identify relevant and reputable experts, in relation to your core objectives and the precise asset classes that exist within your portfolio.

Aside from identifying accredited service providers, you need to partner with firms that make their unique value proposition clear. This, along with a clear list of services provided by the firm, help you to understand precisely what you will get in exchange for your investment.

If we consider a financial planning firm such as Tilney, for example, you’ll see that they have devoted an entire selection on their website to in-depth, wealth management guides. These cover everything from personalised investment management to tax efficient investment, while they also include detailed information on best practice and how the Tilney service helps you to achieve your goals.

The interesting thing about firms like Tilney and similar service providers is that they provide a comprehensive range of investment and financial management features, which may prove invaluable if you have a diverse portfolio of assets. In this instance, you’ll need to identify service providers that boast a broad base of knowledge and expertise, so that they can help your investments to flourish while providing assistance at every conceivable stage of the process.

Managing Estates and Future Financial Planning

The notion of managing investments at alternative stages is an interesting one, particularly as the value of your assets can depreciate at any time. From looking to invest your capital in the real-time market to organising your estate so that it can secure the financial future of your loved ones, it’s imperative that you retain access to a service provider that can provide seamless advice along the way.

Estate planning also places a heavy focus on your tax liability, as this can eat into your capital and diminish its long-term value. Make no mistake; industry experts can calculate your tax burden and reveal precisely how much you’re likely to pay on your estate, before suggesting viable ways in which this can be reduced. This type of investment management step can make a big difference to the value of your estate, enabling you and your beneficiaries to enjoy the fruits of your labour.

The Last Word

Ultimately, managing your investments over a sustained period of time is crucial to their success, and arguably as important as choosing the right asset classes in the first instances.

Without an expert partner to help manage your portfolio from inception to maturity, you may find that it is doomed to fail.

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