Eco – Congregation Green Sheet no.6.

 Finance    Charity Credit Cards

 

·                    Charity affinity cards are an excellent idea ( if you are determined to have a credit card ), because they continually raise money for good causes without serious cost to the customer.

 

·                    A charity credit card raises money for a charity (or several) when the card is first taken out or first used, and from then on a small percentage, like 25p for every £100 used goes straight to the charity.

 

·                      The charities benefit from the extra revenue and also because the cards and associated marketing can raise their profile and thus recruit new members.

 

·                  In terms of ethics, it makes little difference whether our card is Visa or Mastercard. It is more appropriate to ask which bank the charity has teamed up with to issue its credit card.

 

·                  Co – op Bank cards support among others Amnesty International, Greenpeace, Help the Aged, Save the Children, Oxfam, and the RSPB. Beneficial bank has several cards which benefit animal welfare charities as well as the Wildlife and Wetlands Trust, English Heritage and Unicef. Frizzell supports the Cancer Research Campaign, while People’s Bank has cards for Comic Relief and The Vegetarian Society. The Bank of Scotland also has several to choose from.

 

·                    Co – operative Bank has been researching alternatives to PVC for its credit cards and hopes to make a biodegradable plastic known as polyethylene teraphthalate, completely free of hazardous chemicals. No other UK card issuers seem to have followed their lead.

 

 

information courtesy of the Good Shopping Guide. – your guide to shopping with a clear conscience.

Ethical Investment

 

The following may be useful if you are considering investing some money and would like some information on Ethical companies to put your trust into.

 

·          EIRIS’s Guide To Ethical Funds covers the ethical retail funds (such as unit trusts, OEIC’s, investment trusts) available to the UK investor, giving a summary of each fund’s ethical policy, top ten holdings, and outlining what products (pensions, ISA, etc) are available with that fund.

 

·          EIRIS was established in 1983 by a group of churches and charities, today it is one of the leading providers of independent corporate research for socially responsible investors. EIRIS has a wealth of information for people who want to apply their principles to their investment and finances. EIRIS can provide a directory of financial advisors who have expertise in advising on ethical investments. (available from www.eiris.org) EIRIS ,80 –84 Bondway London SW8 1SF. Tel. 020 78405700. email: ethics@eiris.org

 

·          The UK Social Investment Forum is a membership network that promotes and encourages socially responsible investment in the UK including shareholder activism, social banking and community finance: www.uksif.org Tel. 020 7749 4880.

 

·          The European Sustainable and responsible Investment Forum is a non- profit organisation promoting the concept, practice and development of responsible and sustainable investment, www.eurosif.org

 

If you are interested there is a long list of ethical funds which EIRIS are happy to publish in The Good Shopping Guide which is at the back of Church for your reference.