Green up your finance footprint with these sustainable habits

Green up your finance footprint with these sustainable habits

Jan 12, 2024

The world of finance is ready to ditch the old textbooks and embrace a new lifestyle: Eco-Friendly Finance! Finance is not just about making piles of cash anymore, it's about making a positive impact on our planet and leaving a legacy that wouldn't make Mother Nature roll her eyes. So, ditch the shiny suits, grab your reusable tote bag, and let's dive into the green revolution!

1. Shrink Your Footprint, Boost Your Portfolio

Imagine your carbon footprint as a giant monster stomping around the Earth. Not cool, right? Well, sustainable investing is like putting on some eco-friendly slides made from recycled tires (of course!). 

By investing in Renewable Energy Stocks like solar panels or wind turbine companies, you're shrinking your footprint one foot at a time. Bonus points: Sustainability has become a Lifestyle now that just keeps on updating and adapting so you might just make a lot of cash while at it – it’s a win-win for your wallet and the planet!

2. Green Bonds: Heroes in Suits (Except Way Less Boring)

Think of green bonds as the heroes of finance, raising funds for epic eco-projects like building efficient buildings or planting forests. By investing in them, you're lending your powers to Mother Nature and getting a sweet ‘thank you’ note (in the form of interest) in return. It's like giving a high-five to the Earth, and who doesn't love a good Earth high-five Right?

3. Do Good, Feel Good, (Maybe Make Money Too)

Socially responsible investing (SRI) is like the good karma section of finance. You invest in Social Impact Bonds (SIB) issued by the public sector or in companies that treat their employees right, take care of the environment, and don't get caught up in any shady business. Sure, you might not become a billionaire overnight, but you'll sleep soundly knowing your money is doing good in the world.

4. Carbon Offsetting: Planting Trees to Eat Your Carbon Cookies

Remember all those delicious cookies you devoured last week? Well, your carbon footprint just grew a little bigger. But don't worry, carbon offsetting is like planting a tree in your backyard for every cookie you munch. You invest in projects that capture carbon dioxide, like planting forests or building machines that suck it out of the air. Hence reducing carbon footprint. It's like saying "sorry" to the planet with a delicious (and eco-friendly) snack.

5. ESG Ratings: Decoding the Green Gobbledygook:

ESG ratings are like the report cards of companies, but instead of grades in math and science, they get graded on how good they are to the environment, their employees, and the community. So, when you're looking for investments, check their ESG scores – the higher the score, the greener the company!

6. Impact Investing: Making Money While Making a Difference:

Impact investing is like that friend who volunteers at the animal shelter and always has the best Instagram stories. You're not just making money, you're making a real difference in the world. Imagine investing in companies that bring clean water to villages or give kids in remote areas access to education. It's like giving your money to someone to just go off and save the day!

7. Every Penny Counts: Building a Greener Future, One Coffee at a Time:

Even small changes make a big difference. Choosing an eco-friendly bank, using a budgeting app that tracks your carbon footprint, or even just buying your coffee from a place that uses compostable cups – it all adds up! Remember, even the mightiest of the might started with just a single bite of a radioactive spider (or maybe a really good cup of fair-trade coffee?).

8. Beware of Greenwashing: Don't Be Fooled by Shiny Suits and Fake Smiles:

There are some companies out there that are all talk and no walk when it comes to being green. They throw around buzzwords like "sustainable" and "eco-friendly" like confetti at a party, but when you look closer, it's all just an empty promise with more calories. So, Do your research, check those ESG ratings, and don't be afraid to ask questions. Remember, in the jungle of eco-friendly finance, a little skepticism goes a long way.

Conclusion: Green Investing, Greener Planet

Eco-friendly finance is more than just a trend, it's a revolution. It's about building a future where financial success and environmental responsibility go hand in hand making us financially sustainable. So, take charge of your financial journey.

And while we are at it, Olyv (Formerly SmartCoin) India app is all about Sustainability. It is made in India and firmly believes in this Digital age of Finance which reduces paperwork, promotes gold investing & much more. Go download the app now and transform your analog banking journeys to digital today!