User seeking advice on ethical investing and impulse spending control
💸 moneyboth problemSingle report ●●●●●
A bank user is considering using their bank's investment service as a way to curb personal impulse spending and to engage in activism through clean energy investments, but is concerned about the lack of consistent anti-greenwashing standards and the geopolitical implications of where the funds are invested.
What people do today
- Keeping money in a traditional savings account
- Researching individual investment funds
- Attempting to build personal financial discipline
🔧 Fix this
Ideas a builder, maker or community group could start on:
- A browser extension or app plugin that scans investment portfolios offered by retail banks and flags holdings based on user-defined ethical criteria.
- A personal finance app that allows users to 'lock' savings in specific ethical-only investment buckets to prevent impulsive spending.
- A curated directory or marketplace of retail-accessible investment funds that have been independently audited for specific social and environmental impact standards.
Real voices
“The anti-greenwashing standards required by the FCA in the UK will not be to the same or higher standard (if they exist at all) in other countries outside the UK where the money will end up in.”
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