Global Returns Project
In January 2023, GrowthInvest announced a partnership with the Global Returns Project, a UK registered charity helping investors tackle climate change.
Philanthropy and charitable giving can be an important part of wealth management and the financial planning processes. The following data was obtained from a 2023 survey of 215 IFAs, wealth managers and chartered planners who work with high-net-worth individuals, conducted by the Charities Aid Foundation (CAF):
56%
saw philanthropy as an opportunity to get to know their client better
53%
said it was important to their clients
44%
said there were associated tax incentives to discuss with clients
21%
drew a direct link between giving philanthropy advice and winning new business
According to separate research from CAF, two-thirds of high-net-worth individuals said that giving to charity is ‘an important part of my life’, and a third said they ‘see themselves as a philanthropist’. Yet despite these statistics, arguably the most pressing philanthropic issue of the day – climate change – remains critically underfunded.
Less than 2% of global philanthropic giving goes to tackling the climate crisis.
The Global Returns Project exists to change this statistic. They make it easy to take fast and effective action as an individual, financial institution or corporate team.
They have curated a Portfolio of the world’s highest impact climate mitigation charities using a proprietary methodology overseen by leading environmental scientists. They call this the Global Returns Portfolio.
Key to their approach is working with financial institutions, including financial advisers and fund managers to make donating to the Global Returns Portfolio a normal part of financial decision making.
GrowthInvest’s partnership with the Global Returns Project aims to facilitate this process. In the first phase of the partnership, GrowthInvest will start introducing GRP’s Portfolio of not-for-profits to their network of advisers and fund managers. Advisers will be able to offer the Global Returns Portfolio to individual clients, while fund managers can contribute to the Portfolio from the fee structure of investment products or at the firm level
Start making a difference today by clicking below to find out more or make a donation.
Daniel Rodwell, Chief Executive of GrowthInvest, said:
“We are very excited at the opportunity to partner with GRP to significantly improve the adviser and investor ESG journey. At GrowthInvest we pride ourselves on cutting edge technology combined with first class services across the spectrum of tax efficient and alternative investments. Whether it is driven by new client demand, new regulatory requirements, or increased media scrutiny, ESG and sustainable investing are part of every conversation we have with financial advisers and fund managers in our network and beyond. This partnership comes at a pivotal time, enabling us to simplify our users’ ESG journey and make it seamless as our platform continues its sharp growth trajectory in the coming year.”
Steve Dobson, Head of Investments at GrowthInvest, said:
“At GrowthInvest we’ve long supported the push of climate change and sustainability focussed funds and helped promote education in the space. Our strategic partnership with Global Returns Project further endorses our commitment but brings a new and equally important angle that we and our clients and funds can make a difference.”
Jack Chellman, Chief Project Officer at the Global Returns Project, said:
“GRP’s integration into the GrowthInvest platform is a key step towards facilitating effective conversations between advisers and their clients about rethinking investment strategies to include an impactful and diverse climate mitigation action. Both clients and regulators are raising the bar for the quality of sustainable investments, which is why there is a need for innovation in the industry to meaningfully address climate change in a changing investment landscape. Supporting climate not-for-profits as an integral pillar of a holistic sustainable investment strategy is one such innovative approach, which truly regenerates the planet.”
