Personal finance and introducing 1% for the planet into your budget.

This is idea borrows heavily from Yvon Chouinard’s 1% for the planet project but applies the idea to individuals. The Patagonia businessman’s model is based on his basic belief that, as companies use Earth’s resources to generate profit, businesses should therefore protect those resources. Businesses can sign up to give 1% of their annual sales to various different environmental projects. Yvon Chouinard has created a huge network which includes some great projects, but this didn’t feel very relevant to my circumstances (UK based, no business experience). However, I liked the principle.

On an individual level, it’s also fair to say that we each utilise Earth’s resources and should therefore protect those resources. Using the same principle as Yvon Chouinard’s project, I decided to simply donate 1% of my net income to organisations that have a positive impact on the environment.

So where to donate? I found limited information available on which UK based organisations have the biggest impact. However, Tythe is a non-profit organisation that distributes funds to environmental organisations that they consider are having a big impact and this is a reasonable starting point for your research. You could simply donate via Tythe or choose a selection of the charities they have listed. Project Drawdown also has an interesting table of climate change solutions that one can rank by impact and might provide some inspiration.

Charities that I have personally chosen to support in this way include Surfers against Sewage, the World Land Trust, Client Earth and the Their World (might not obviously seem climate related but Project Drawdown’s climate solutions table suggests that education of women is an important intervention on a global scale).

There are 33 million people in employment in the UK and the average salary in the UK is £27,000. Imagine what impact 1% of that could have….

5 responses to “Personal finance and introducing 1% for the planet into your budget.”

  1. How to create a Realistic Budget – The Art of Green Finance avatar

    […] Next, aim to increase the money you have allocated to paying off debt, or if you are debt free, the money you have allocated to savings or investments. This should be equal to any proposed savings you have found from the above. If you are able to save, you may also be able to consider 1% for the planet. […]

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    […] You may also like Five ways of investing in renewable energy; Investing in UK gilts and is this an ethical investment?; Personal finance and introducing 1% for the planet into your budget. […]

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  3. How to “spring clean” your finances for the new tax year. – The Art of Green Finance avatar

    […] By this point, your finances are probably looking reasonably healthy! You may have the flexibility to incorporate charitable donations into your budget – see 1% for the planet. […]

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  4. How to create a realistic budget – The Art of Green Finance avatar

    […] Next, aim to increase the money you have allocated to paying off debt, or if you are debt free, the money you have allocated to savings or, if you have sufficient savings, investments. This amount should be equal to any proposed savings you have found from the above. If you are comfortable with your savings and investment rate, you may also be able to consider 1% for the planet. […]

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