The 26th UN Climate Change Conference of the Parties (COP26) is currently ongoing in Glasgow.

At the time of writing, 4th November, the COP26 website has published an article titled “End of Coal in sight” which details:

  • At least 23 countries have made new commitments today to phase out coal power, including five of the world’s top 20 coal power-using countries.
  • Major international banks commit to effectively end all international public financing of new unabated coal power by the end of 2021.
  • At least 25 countries and public finance institutions commit to ending international public support for the unabated fossil fuel energy sector by the end of 2022.
  • Boost comes as overall a 190-strong coalition agrees to phase out coal power and end support for new coal power plants thanks to a package of support from the UK and international partners.

As mentioned in our quarterly outlook, the regulatory and overwhelming social pressures, for companies, countries, and public individuals to move towards “Net-Zero”.

To support those who want to make the transition to Net-Zero investing we developed the Climate Action portfolio range.

Due to the specialist nature of The Climate Action portfolio range, we need to invest greater time, energy, and resources to develop and manage these portfolios. For this reason, the investment management charge is slightly more expensive than the Core portfolio range equivalent.

The annual investment management charge for the Climate Action portfolio range will be 0.45%+VAT compared to the Core portfolio range of 0.35%+VAT.

While investing in a Climate Action portfolio will contribute towards the fight against climate change, those who invest in our Climate Action portfolio range will also compound their impact as we (Daintree Wealth Management) will donate 22% of the annual investment management fee charged from these portfolios to climate-related charities, such as:

•           Coalition for Rainforest Nations

•           Clean Air Task Force

•           Sandbag, a non-profit think tank that uses data analysis for evidence-based climate policy.

•           Climate Emergency fund.

For those interested in how their investments could support the fight against climate change, please feel free to contact Aidan Briggs via email at aidan.briggs@daintreewm.com