Coronavirus - Get the latest updates and resources from MyWalletHero - Find out more.
Advertiser Disclosure

This new app helps make ‘green investing’ as clear as the sky is blue

This new app helps make ‘green investing’ as clear as the sky is blue
Image source: Getty Image


Green investing is a relatively new concept. We all want to try and make better decisions to reduce our impact on the environment. Sometimes, it can be a simple act like avoiding plastic straws. Other times, it can be a little bit harder to figure out the least harmful decision to make.

Calling all investors…

The tax year ends on 6th April – which means there’s still time to invest up to £20,000 tax-free with a stocks and shares ISA.

MyWalletHero’s experts have reviewed and ranked some of the UK’s top stocks and shares ISAs to help you make an informed choice.

Keep in mind that tax rules can change, and the value of any benefits depends on your personal circumstances.

This is especially true when it comes to our finances and investing. Thankfully, there is a new app to help you check the carbon footprint of your investments, helping you build a greener portfolio.

What is green investing?

Green investing is slightly different to other forms of ethical investing.

ESG investing and socially responsible investing (SRI) tend to focus on the big picture. Sometimes this can be unrelated to the environment and more to do with things like business practices.

A green investing approach focuses more on the environment. However, researching the carbon footprint of each of your investments would be a lot of work.

The good news is that there’s a new app on the scene to crunch the numbers and do the work for you.

What is this magical green app?

Launching soon and free to use, Sugi lets you easily check how green your investments are.

All you do is pop in your investments or funds and it gives you a breakdown of the annual carbon impact. You can also see industry averages and check how your picks compare to similar investments in the market. This means that you can easily keep an eye on how green your selections are.

Looking to invest for the future this ISA season?

The ISA deadline is approaching so if you’ve not yet made the most of this year’s allowance, time is of the essence.

Stocks and shares ISAs allow investors to pay in up to £20,000 each year – completely tax free. There’s still time to take advantage of this year’s allowance, compare stocks and shares ISAs now.

Keep in mind that tax rules can change, and the value of any benefits depends on your personal circumstances.

Josh Gregory, Founder and CEO of Sugi explains: “While Covid has accelerated awareness and demand for green investing, it’s hard for retail investors to take action. Research shows that over 75% of UK investors want their investments to have a positive impact; however, only a small proportion of people actually follow through with it. 

“The reasons for this vary. Sustainable investing is full of jargon and investors are rightly concerned about greenwashing. Another problem is ESG ratings: they’re meant to simplify complex issues but are themselves very confusing – even for experienced retail investors. All of this ultimately stops more people getting involved.

“By providing users with simple, objective data, Sugi aims to make green investing easier, understandable and more accessible for everyone.” 

How do I get started with green investing?

If you are a new investor, completely fresh to the market, you should check out our complete guide to online share dealing.

You’ll need to have a share dealing account set up somewhere before you can link up to an app like this.

Everyone has their own idea about what is green enough for them. These days, there are a lot more options for you to choose investments that match your moral views.

Creating your own investing strategy is something that will give you greater control. It can also allow you to make your investments as green as the sky is blue if you would like them to be!

Rated 5 stars out of 5 by MyWalletHero…

Trade UK shares for just £2.95 and US shares for just $3.95 — with no platform fee!

The FinecoBank* Multi-Currency Trading Account offers UK investors highly competitive share-dealing rates across 26 global markets.

Use promo code FIN100-ML today and enjoy up to 100 free trades within your first three months!

*Affiliate Partner. Important information and risk disclaimer: The value of shares and any income produced can fall as well as rise, and you may get back less than you invest. Exchange rate fluctuations can reduce the sterling value of any overseas holdings.


Some offers on MyWalletHero are from our partners — it’s how we make money and keep this site going. But does that impact our ratings? Nope. Our commitment is to you. If a product isn’t any good, our rating will reflect that, or we won’t list it at all. Also, while we aim to feature the best products available, we do not review every product on the market. Learn more here. The statements above are The Motley Fool’s alone and have not been provided or endorsed by bank advertisers. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool UK has recommended Barclays, Hargreaves Lansdown, HSBC Holdings, Lloyds Banking Group, Mastercard, and Tesco.