Every day it seems that we see the launch of yet another eco-friendly product claiming to help tackle climate change. But is there a high price to pay for being green and are companies merely trying to cash in on consumers' interest in green issues?
There's a wide range of environmentally friendly personal finance products to choose from, including credit cards, insurance, investments and mortgages. Raising the profile of climate change is a good thing, but it's important that you check that the latest eco-friendly product isn't just merely an exercise to increase their profits and do very little to actually reduce climate change.
Ask yourself the following questions:
How do you know if a company is ethical?
Corporate Critic provides a really easy way of finding out how environmentally and socially responsible a company is. It indexes and rates the Corporate Social Responsibility records of over 50,000 companies and let you do a quick search on a company for free.
Failing that, trying looking for companies' Corporate and Social Responsibility reports on their websites.
Is the product more expensive and is it worth it?
So, does it cost more to be green? Probably a bit, but you also have to ask yourself what the cost is of not doing more to reduce climate change…
Plus, you can always offset the extra cost by going green and saving money:
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
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