Equity and Local Economy
Equity is a core component of sustainability; often the causes of climate change (excess consumption, dangerous carbon emissions) are from the most privileged communities, whilst impacts are felt disproportionately by the most disadvantaged. A robust and fair economy has the potential to address both the causes and impacts of the environmental crisis.
How to make a change
- There’s as much as three trillion pounds currently invested in UK Pensions – much of it is being used to fund fossil fuels, weapons sales, human rights abuses and environmental lobbying. Check how ethical your bank and pension provider are, and switch to a provider with more ethical investments if you need to. This can have an enormous impact.
- Pay employees the Living Wage, and pay suppliers on time.
- Buy goods and services from local businesses where you can, ensuring that more of your money goes back into the local economy.
- Support sustainable and equitable businesses with your procurement. For example, look out for FairTrade certified goods, which ensure that standards around sustainability, fair pay and working conditions have been upheld. FSC Certify paper and timber products.
- Boycott businesses which are known to have unethical businesses practices, to push them to change.
- Pass on your own knowledge through skill swapping and make learning more widely accessible and affordable.
- Provide a volunteering or learning opportunity for someone in the local community, for example offering work experience positions.
- Donate time – for example through pro bono work for charities, volunteering, charity, and fundraising projects.
- Donate financially e.g., 5% of sales donated to charities or tree planting schemes. and micro-finance lending / or schemes such as 1% for the planet.
- Utilise a platform such as Lend with Care to offer micro-finance lending loans.
- Inclusion is central to a sustainable society, based on respect for all human rights and fundamental freedoms. Research online how we can build a more inclusive society, and get actively involved with your local community.
- Donate (x) micro-finance loans via Lend with Care
- Switch to FSC Certified paper products
- Check the ethical credentials of your bank and pension scheme, and make a switch if they engage in unsustainable or unethical practices
Lend with Care is CARE International’s micro-finance lending platform to support entrepreneurs with small loans. 100% of your money goes to the individual in need, repaid after a set time, or re-invested https://lendwithcare.org/
1% for the Planet is an organisation through which businesses and individuals can support environmental solutions through annual memberships and everyday actions https://www.onepercentfortheplanet.org/join-business
Make My Money Matter is an initiative enabling people to investigate the ethicality of their pension provider, their easy form allows you to ask your provider to ‘go green,’ which can have 21 times the impact of going veggie. https://makemymoneymatter.co.uk/
Use Switch It to check how well your current bank is performing, to see whether changing could have a large impact. https://switchit.green/