Living Wage for Wales

The Living Wage for Wales is a collaborative effort to promote the benefits of Living Wage accreditation for employers, workers and the economy in Wales.

Cynnal Cymru is the Living Wage Foundation’s accreditation partner for Wales, supporting employers from the public, private and voluntary sectors with the process of accreditation. Cynnal Cymru uses its employer networks and understanding of how organisations operate to help them overcome barriers to accreditation.  Cynnal Cymru also plays an important role in promotion of the Living Wage to employers.

Cynnal Cymru works in partnership with the Living Wage Foundation and other leading organisations in Wales to support employers with accreditation and work towards achieving the Living Wage for all workers in Wales.

You can find out more about our work and how to become accredited by visiting the Living Wage for Wales website:

www.livingwage.wales

Living Wage for Wales Read More »

Foundational Economy Community of Practice

The foundational economy community of practice started in July 2020 as part of the Welsh Government’s Foundational Economy Challenge Fund. Its aim was to share learning and innovation, build relationships and encourage collaboration.

The Challenge Fund provided support to projects looking to try out new ways to address challenges – some emerging, some age-old – faced by foundational economy businesses or those relying on their services.

These included:

  • the recruitment, retention and skills of the workforce
  • the delivery structures and design of services
  • the recruitment, retention and skills of the workforce
  • the delivery structures and design of services

The aim was to explore a range of solutions that could potentially generate viable, adaptable models that could be scaled up and spread to strengthen local economies and community wealth-building.

Staring in 2019 with an initial 52 projects, it was always expected that some experiments would not succeed and conditions were made even more challenging by the impact of the pandemic.

A community of practice was also however put in place to help capture some of the rich learning and insights generated by all the projects taking part. The examples in the case studies below give a flavour of the projects supported by the Fund – their successes, challenges and above all learning, about how best the foundational economy in their area or sector can be supported. The Fund closed in March 2021 but, at the request of members, the community of practice has continued. Its role continues to be to share learning, encourage and expand dialogue and facilitate collaboration.

Foundational Economy Community of Practice Read More »

Doing the little things in Cardiff on St. David’s Day

This St David’s Day, we are asking organisations across Cardiff to think about the little things they can do to ensure a fair day’s pay for their workers, whether it’s understanding how to become an accredited Living Wage employer, or reaching out to other organisations to encourage them to consider the real Living Wage, or helping us share the positive messages about the difference that paying the real Living Wage can make.

Cardiff Council is currently the only accredited real Living Wage local authority in Wales. The Council and partners are championing Cardiff as a Living Wage city which is having positive impact on the city and its employees. As of 1 February 2021, 45% of Wales’ total accredited employers were based in Cardiff and Cardiff employers had contributed to 69% of total uplifts in pay. Recent research by Cardiff University has shown that real Living Wage accreditation by 124 Cardiff employers has resulted in 7,735 workers receiving a pay rise which has added over £32m to the local economy in just over 8 years.

To hear more about the benefits of the real Living Wage from employers and employees in Cardiff please watch this video.

Leader of Cardiff Council, Cllr Huw Thomas, said:

“The seemingly small things really can make a big difference, and I know the significant impact paying the real Living Wage has had in the lives of our own staff. We’re pleased to be supporting organisations across the city to enable them to do the same for their own employees, and this St David’s Day I would encourage any Cardiff business interested in paying the real Living Wage to get in touch to find out more.”

Cardiff Council understand the wider benefits that the real Living Wage can bring to individuals and employers, as well as to the City; and they have made a commitment to reimbursing accreditation fees for SME employers based in Cardiff through their accreditation support scheme. For more information about the real Living Wage in Cardiff please visit the website.

Cardiff Council also encourages local employers to provide a Payroll Savings and Loans Scheme to their staff, enabling their employees to save directly from their salaries and if needed, access affordable credit from an ethical provider. More information can be found on this on the Cardiff & Vale Credit Union’s website.

Cynnal Cymru is the accrediting body for the real Living Wage in Wales and are here to help you through the accreditation process. Get in touch, join the movement, do the little things.

We wish you all a happy St David’s Day. Diolch yn fawr!

Doing the little things in Cardiff on St. David’s Day Read More »

10 April | Sustainability training for food and drink companies

Sustainability training for food and drink companies

This training course is proven to equip owners and managers from food and drink companies with the skills and know-how to build practical plans that respond to climate change and the nature crisis, and satisfy customer needs.

As a result of new legislation coupled with significant market demand, buyers and consumers increasingly seek out products and brands with positive environmental and social performance. This course equips attendees with the knowledge and skill to implement desired changes within their business.

Course content

  1. How to adapt to rising energy costs and reduce carbon emissions
  2. Understand key concepts including Net Zero, Circular Economy, Social Value as well as the Future Generations Act and the UN SDGs Framework
  3. How to align with sustainability objectives of trade buyers, including retail and food service
  4. How to communicate good practice in ways that withstands scrutiny
  5. Explore different labels and certified schemes in order to identify which may be right for your business

Format

Delivered online, as a series of 5 tutor led weekly sessions that run from 9.30 – 12.30. The next cohort will commence on Wednesday 10th April 2024. 

The training is led by Wales leading sustainability and industry trainers; Ecostudio and Cynnal Cymru

During the course, you will get exclusive access to:

  • Interactive tools to assess and benchmark your sustainability performance
  • Tried and tested approaches to develop your own a sustainability plan for your business
  • Expert guidance and dedicated 121 support

To take advantage of this FREE training course, participants must attend all 5 sessions and complete the required tasks.

Course dates:

April 10, 17, 24 and May 1 & 8, 2024

For further information and registration, please visit the Menter a Busnes website.

10 April | Sustainability training for food and drink companies Read More »

Image showing the first slide of the Foundational Economy Online Learning Resource

New Foundational Economy online learning resource

This engaging online resource has been launched to build understanding of what the Foundational Economy is; the benefits it can bring; and how it can be strengthened. 

Vaughan Gething, Minister for Economy explains: 

This online eLearning module is an excellent tool to better understand Community Wealth Building and place-based approaches, which can support and nourish the Foundational Economy, central to our Economic Mission. We all interact with the Foundational Economy (FE) every day, from the food we eat, the buildings we live and work in, and the services that we use. It is inseparable from our communities and our country, representing roughly 40% of the economy. 

Building the necessary capability and skills to embed FE objectives across the Welsh public sector is crucial. By doing this we can maximise opportunities for our indigenous suppliers and build resilient, highly skilled supply chains – keeping the Welsh pound in our communities.   

To do this, we recognise the need to provide the necessary toolsets and support for our public sector partners and practitioners.  

I am pleased to announce the launch of this eLearning module and hope it is widely used to strengthen understanding, commitment and know-how to help our foundational sectors thrive.” 

FAQ’s  

How long does this eLearning module take?  

  • There are 8 sections to this course. We recommend completing the module in one sitting, which will take between 30 – 45 minutes.  

Who is it for?  

  • This module has been designed for anyone to take, whether interested citizens or those working in public, private and third sectors. We particularly recommend it to those who are involved in developing economic policies and projects, as well as those working in public sector procurement. The short course is designed to leave learners feeling more informed, confident and energised! 
  • No specialist knowledge is required to take this module and it has been designed for anyone who is interested.  

Where can I find out more?  

  • Links to further reading can be found at the end of the module

New Foundational Economy online learning resource Read More »

An image of two people walking in the park, one holding a bike

Reconnecting face-to-face in a climate-conscious world

While convenient, virtual meetings can’t fully replicate the power of in-person interactions. Non-verbal cues, spontaneity, and the energy of shared space contribute to trust, understanding, and ultimately, sharper collaboration. Pre-pandemic travel patterns could have been better, but dismissing in-person meetings entirely ignores these significant benefits.

The answer lies in strategic, mindful choices with multiple co-benefits:

Reducing Emissions: Connecting Locally

  • Prioritise local clients: Connect with nearby clients face-to-face, favouring trains or carpooling for reduced emissions and increased productivity during commutes.
  • Embrace hybrid approaches: Combine virtual elements with smaller, local teams for distant clients, fostering strong relationships while saving travel time and costs.
  • Optimise travel when necessary: Choose the most fuel-efficient mode – trains, buses, or carpooling – for reduced emissions, individual cost savings, and potential networking opportunities.
  • Advocate for change: Encourage clients and organisations to prioritise sustainable travel options and infrastructure development, contributing to a wider positive impact on the environment and society.

Beyond the Footprint: Optimizing for More Than the Environment

  • Maximising time: Careful planning and efficient travel modes can minimise travel time while maximising productivity, boosting your personal efficiency and client satisfaction.
  • Boosting well-being: Balancing virtual and in-person interactions offers both focused solitude and stimulating social interaction, contributing to increased personal well-being and potentially enhancing creativity during client meetings.

Leading the Way: Beyond Words, Actions that Speak Volumes

As consultants, we have the opportunity to champion sustainable practices in a post-pandemic world. By demonstrating that face-to-face connections can thrive alongside environmental responsibility, we can:

  • Inspire clients and organisations to embrace sustainable travel solutions, driving positive change within the business community.
  • Drive wider change by advocating for infrastructure development that prioritises sustainability, contributing to a more liveable and environmentally friendly future for all.
  • Become exemplars of walking the walk, showcasing how success can be achieved while minimising our environmental impact, building trust and respect with clients who share similar values.

Leading by Example: Cynnal Cymru’s Commitment to Sustainable Client Meetings

While the pandemic sparked the widespread adoption of virtual meetings, the desire for face-to-face client interaction is undeniably returning. At Cynnal Cymru, however, we recognise that prioritizing the planet shouldn’t come at the expense of strong client relationships. That’s why we’ve implemented specific measures to ensure our consultations are both fruitful and environmentally responsible.

Our Travel Policy: Walking the Talk

  • Active Travel First: We prioritise walking, cycling, and public transport for all local meetings. By making this the default option, we minimise emissions and promote healthy lifestyles.
  • Open Communication: We openly discuss our travel policy with clients, explaining our commitment to sustainability and encouraging them to explore eco-friendly travel options when visiting our office.
  • Transparency and Tracking: We’ve added a dedicated line in our expense claims for employees to specify their mode of travel and destination. This allows us to monitor our impact and identify areas for further improvement.
  • No to Flights: As an organisation, we’ve made a conscious decision to avoid air travel entirely. While this may restrict our geographic reach, it underscores our unwavering dedication to minimising our carbon footprint.
  • Sustainable Directions: We provide clients with detailed instructions on reaching our office using public transport, cycling routes, and walking and wheeling paths. This empowers them to make informed choices that align with their own sustainability values.

Beyond the Policy: Continuous Improvement

While we’ve made significant strides, we acknowledge that there’s always room for growth. One area we’re focusing on is onboarding new staff. We recognise that not everyone instinctively integrates active travel into their business travel routines. We have incorporated sustainability awareness training into our onboarding process to ensure everyone understands and embraces our travel policy.

Join the Conversation

We invite you to share your thoughts and experiences on navigating the balance between client relationships and environmental responsibility. Together, we can pave the way for a sustainable future for all.

Reconnecting face-to-face in a climate-conscious world Read More »

Make 2024 your Carbon Accounting year

What is Carbon Accounting?

Carbon Accounting is a process that assesses your organisation’s impact on the climate (known as your carbon footprint), from the electricity your office uses, to the travel-to-work habits of your staff, to the supply chains you use. It can be an extensive process that often takes several months.

Most businesses, especially small businesses, can’t afford to employ someone to focus on carbon accounting, which is why you can hire a Carbon Accountant to do this for you. You know you’re getting someone qualified, who understands carbon accounting inside-out, and can lead your staff through the process of getting all the necessary data and documents together. Cynnal Cymru has just launched a Carbon Accounting service for small and medium businesses across Wales!

Can I do my own carbon accounting?

You can absolutely do your own carbon accounting. If you’d prefer to do it yourself, Cynnal Cymru can provide advice on the best tools to use – or you can become a member for free advice on the process from our Sustainability Advisors.

If you do choose to do your own carbon accounting, you’ll need a lot of different data, including:

  • Number of staff
  • Company turnover
  • Metered gas, water, and electricity usage
  • Weight and type of waste
  • Types, number, and weight of goods purchased
  • Money spent on services
  • Transportation in type and distance for business travel and staff commutes

Even just collecting this information and ensuring you don’t miss anything out can seem a daunting task, which might not feel worth it for small businesses. Hiring someone to guide you through that process, ensure you get all the right information, and then do the calculations for you can lift a weight off your shoulders – and for a fraction of the price of a full-time employee!

Why should I care about carbon accounting?

It’s a great question that we hear often – why does my organisation need carbon accounting? Is carbon accounting just for big businesses with huge carbon footprints?

While big businesses should absolutely be leading the way on carbon footprinting, all organisations of every size should be thinking about their carbon impacts. We are currently in a climate crisis, and if we ignore our own contributions then we will end up causing further harm. In Wales, we are legally committed (through the Environment (Wales) Act 2016) to reduce our carbon emissions to net zero by 2050. That’s only 26 years away! Whether you have just started a new business or are an established not-for-profit that has started looking carefully at its carbon output, you’ll want to start working towards net zero emissions in your organisation sooner rather than later.

Beyond your legal requirements, going through carbon accounting helps you better understand your emissions and gives you opportunities for reduction. If you base your organisation’s sustainability decisions on guesses, you may overlook big areas for improvement and mislead your staff, suppliers or community. With Carbon Accounting, you can set targets based on real data, which you can monitor based on international standards and targets. With the support of a Carbon Accountant, you can compare your performance year after year and see your progress towards your goals. You will feel more secure in your carbon targets and your team will be able to see the results of the changes they make.

Can I afford to do Carbon Accounting?

We know that small businesses, charities, and nonprofits operatre within very tight budgets. We get it! As a charity ourselves, we understand that you can’t afford to pay for services you don’t need.

At Cynnal Cymru, we’ve developed a model that works best for organisations like yours and takes into account the pressures on both your time and resources. From £2,250 plus VAT, you can get a full carbon footprint assessment, recommendations for emissions reductions, and a final report that can be shared with your board, customers, and stakeholders.

We also see our role as educational, so as we go through this service, we’ll explain each step to you and give you tips on understanding and improving your carbon footprint. That means that, after your initial carbon accounting process, you may well be equipped to go off and do it yourself in future years. If you want some support and guidance without going through the whole process every year, you can become a member to get free support from our Sustainability Advisors on your carbon accounting needs.

Do you provide any discounts to certain organisations?

Yes! At Cynnal Cymru, our Carbon Accounting package has been developed for small and medium organisations.

Our service is best for (but not limited to):

  • Organisations of 1-49 employees
  • Not-for-profit organisations
  • Organisations in one building or location — including rented offices
  • Organisations that offer services rather than sell and manufacture goods

We provide a Membership programme for organisations like these, which provides you with benefits such as networking, events, and added support from our team. As a Cynnal Cymru member, you will receive a 10% discount on your Carbon Accounting services, as well as free consultancy from our Sustainability Advisors.

How do I start my Carbon Accounting journey?

Ready to speak to the team? You can contact us to speak to a Sustainability Advisor and begin your journey!

If you’re not sure yet, read more about our Carbon Accounting service here.

Make 2024 your Carbon Accounting year Read More »

Ask the Expert: Connecting to nature as part of your working life

If you are a Cynnal Cymru member organisation that has read about the benefits of engaging staff with nature but are not quite sure where to start, then this informal drop-in session with our Cynnal Cymru experts could be the session for you.

Join us as we explore the connection between nature and well-being in the workplace, including why it’s important, with a focus on existing research and evidence. We will also share examples of the innovative ways that working environments have incorporated green spaces, highlighting what we can do as both individuals and colleagues. You will then be invited to join in an informal discussion focusing on how we can all get growing.

Whether you’re at the beginning of your journey or a seasoned advocate for ‘greening’ the workplace, these sessions are a great opportunity to share learning and ask those burning questions.

What is ‘Ask the Expert’?

‘Ask the Expert’ is a new series of informal drop-in sessions where you can join our specialists for a short presentation and guided discussion around a chosen topic. These sessions are exclusively for Cynnal Cymru members.

Our thriving community of mutually supportive members provides an opportunity to share learning, challenge thinking and mobilise action, be this through co-designed events, hosting networking sessions or simply sowing seeds for future collaborations or thought-leadership.

If you would like to talk to a member of the team about how we can support your organisation, please contact membership@cynnalcymru.com

Speakers

Louise Cartwright

Training Manager | Cynnal Cymru – Sustain Wales

Louise is our Training Manager, working to develop Cynnal Cymru’s training offer. Louise manages our dynamic training team to achieve the highest possible standards and leads on our continuous improvement culture.

Having worked within the charitable, environmental, and horticultural seconds for over fifteen years, Louise has developed specialisms in both land-based training and local food production. Louise holds a master’s degree in Product Design, with additional qualifications in permaculture and biodynamic land management. With previous experience of setting up and managing a Community Supported Agriculture (CSA) vegetable box scheme business, Louise now lives with her partner on a smallholding in Carmarthenshire, aspiring to self-reliance.

Phoebe Nicklin

Policy & Engagement Officer | Cynnal Cymru – Sustain Wales

Phoebe is the Policy and Engagement officer supporting the Foundational Economy network that Cynnal Cymru currently facilitates on behalf of Welsh Government. She also works to build collaboration around sustainability issues including fair work, a just transition, climate and biodiversity.

Phoebe has a diverse set of skills and knowledge from previously working for Cardiff University on research and community engagement projects to connect Welsh communities to nature for health and wellbeing. Phoebe has a strong background in innovation, working with the NHS on healthcare initiatives to encourage engagement with green spaces, increasing biodiversity through rewilding, pollinator and citizen science projects.

Ask the Expert: Connecting to nature as part of your working life Read More »

How does my job relate to nature?

Why holding a space for nature-connection is my dream job

Our Sustainability Trainer Sara Wynne-Pari discusses her sustainability journey.

Growing up in rural North Wales has greatly influenced my love for nature and my dedication to protecting the natural environment. Although I’ve worked across a wide variety of disciplines, nature and biodiversity have been a constant underlying theme. I enjoy helping others on their sustainability journey and being a good environmental communicator, able to understand and tailor discussions to individual needs, has been integral to my work.

This passion for both nature and communication has led me to be the lead trainer and project manager for  Nature Wise, our eco-literacy training programme. I also develop content and deliver bespoke nature-based training to help organisations improve their understanding of the nature crisis and recognise ways they can take action to reverse it. 

I’m currently studying an IEMA-accredited MSc in Environmental and Business Management at Bangor University. Although I was nervous to return to education two decades after my bachelor’s degree, I have found the experience re-energising. It is rewarding to develop my own knowledge but also great to be able to apply all the experience and insights I have gained to what I’m learning.

When I’m not working, you’ll find me exploring the beaches of Ynys Mon, waiting for the cuckoo’s return to Nant Ffrancon, looking for new swimming spots or riding my electric bike through Eryri (Snowdonia). Delivering the NatureWise course has given me an even deeper respect and connection to nature and I feel very lucky to be able to hold a space for others to explore this through the course.  

Nature Wise is a science-based, action-focused course to help participants understand the relationships between people and natural systems. It shares knowledge, builds understanding and provides the tools to motivate and catalyse action. 

We can’t live without nature — it provides us with the essentials for life, such as clean air, water, and food, and greatly contributes to our physical and mental wellbeing. It is our best ally in the fight against climate change. 

There’s a way we can all incorporate nature into our work – of course planting trees and volunteering outdoors is important but it’s not everyone’s cup of tea. There are lots of other ways we can help, for example, you could become a nature champion at work, sharing tips and ideas with your colleagues; encouraging your organisation to incorporate wildlife corridors and pollinating plants around your business sites or incorporating biodiversity considerations into your procurement process. 

Unsure of how you can implement any of that in your role? Worried you don’t have the right influence, or can’t figure out the steps to getting there?

Join us for the Nature Wise eco-literacy course! We will provide you with information, ideas and inspiration. We also offer bespoke courses for any organisations who would like more tailored content.

Sara Wynne-Pari is one of our Sustainability Trainers. She leads Nature Wise eco-literacy training, regularly running Nature Wise for Work which helps you understand your human-nature relationship as it fits in with your job role, and how you can improve your work’s relationship to nature via achievable goals.

How does my job relate to nature? Read More »

The Carbon Literacy Project

The Award-winning Carbon Literacy Project aims to ensure that every citizen receives at least one day’s worth of learning so that they understand the links between human activity and climate change while empowering individuals, communities and organisations to take action to reduce emissions of carbon dioxide and other greenhouse gases.

Official partner of the Carbon Literacy Project in Wales since 2017

Cynnal Cymru are the official partner of the Carbon Literacy Project in Wales are we are immensely proud to have brought Carbon Literacy to Wales and to have made it into the huge success it is.

In 2017, led by our Rhodri Thomas (our former principal trainer) we began our partnership with The Carbon Literacy Project and delivered our first accredited Carbon Literacy course. Rhodri was also the first resident Welsh certified Carbon Literacy trainer in Wales and in April 2020, Cynnal Cymru was recognised as the first Carbon Literacy Training Organisation (CLTO) in Wales.

In 2020, in response, to the Pandemic we launched our first distance learning Carbon Literacy course – and we have since delivered online Carbon Literacy training to a wide range of organisations reaching as far as Australia.

To date we have trained over 1000 people and have set up or helped to establish three consortiums, including Carbon Literacy Cartrefi Cymru (CLCC), with others beginning to emerge.

We have been working with the Carbon Literacy Project since 2017 to help accelerate action on climate change, by providing organisations with the training and support needed to reduce their carbon emissions.


Our achievements to date include:

  • Training the Sustainable Development forum of Museum Wales, supporting initial efforts by the whole museum sector to develop bespoke Carbon Literacy training.
  • Co-founding Carbon Literacy Cartrefi Cymru – a consortium of twenty seven housing associations and overseeing the training of around 140 staff including a ‘Train the Trainer’ programme as well as the development of a dedicated Carbon Literacy course for the social housing sector. Our partners in the consortium are launching a cascade of peer to peer training using their own course.
  • Funded by National Resources Wales, we worked with Manchester Metropolitan University and Great Places Housing group to train over 200 leaders and influencers from the organisations that make up the five Gwent Public Service Boards.
  • Trained the whole cabinet and executive management team of Newport City Council.
  • Developed an introduction to climate change e-learning course for Denbighshire County Council staff that will accompany their Carbon Literacy training.
  • Designed a Carbon Literacy for Engineers course in collaboration with the Flexis programme.
  • Trained and supported Cardiff Council colleagues and cabinet members enabling them to apply for the Bronze Carbon Literacy Organisation accreditation.
  • Regularly provide training for staff at The National Lottery
  • Trained the environmental champions of Sinclair Group
  • Continue to run monthly open courses online for people from all over the world.

We are aiming to develop Carbon Literacy courses for new sectors such as finance and law. This September we launch our ‘Train The Trainer’ course to enable people to run their own courses and an e-learn “introduction to Climate Change” that will support an organisation’s Carbon Literacy programme.

The Carbon Literacy Project

The Carbon Literacy Project is wholly owned by The Carbon Literacy Trust, a registered charity (No 1156722) established in 2013 to take responsibility for The Project in perpetuity, for the public good.

The Project delivers no training directly, but works with a host of people and organisations from all walks of life, that all deliver training that is accredited against the Carbon Literacy Standard. The Project then assesses participant’s and certifies successful candidates with their own uniquely numbered Carbon Literacy certificate.

Due to this ‘crowdsourced’ approach, working with everyone, from all walks of life, The Carbon Literacy Project is globally unique – there is nothing else quite like it anywhere. This was recognised by the United Nations at the UN climate negotiations, COP21, in Paris in 2015, where the Project was awarded TAP100 status, – one of 100 projects worldwide recognised as Transformative Action Programmes, that could materially change the way we deal with climate change.

The Carbon Literacy Project Read More »

We Must Believe That The World Can Be Different: Welsh Pensions and Deforestation

We Must Believe That The World Can Be Different:

Welsh Pensions and Deforestation

We must believe that the world can be different.

This comes from the foreword to the recently published ‘Saving for the future: A report into Wales’ public pension exposure to global deforestation’. 

It is a specific call on Wales and the rest of the world to act to ensure that investments in pension funds are not driving the destruction of the home of the Guarani people in Brazil’s Atlantic Forest – of which only 12% remains intact.  

The report is published by climate change charity and Cynnal Cymru member Size of Wales, and Global Canopy, a data-driven not-for-profit that uses clear metrics and actionable insights to help organisations make better decisions about nature, forests, and people. 

The report highlights how a handful of commodities including beef and soy are devastating indigenous lands and communities, not least through the massive use of pesticides – many of which have been banned in the Global North due to their impact on other animals, water, soil and human health. The report’s launch event on 28 November highlighted the extent to which indigenous lands have been converted or confined between plantations often preceded or accompanied by human rights abuses. 

The report then makes the uncomfortable link between these destructive practices and Welsh pension funds, which can directly impact deforestation through the sectors and industries that they invest in. The report looks at the eight Local Government Pension Schemes that make up the Wales Pension Partnership. It finds that at least 10% of investments made by the eight funds are at a high risk of financing deforestation – equivalent to £2.6 billion across the partnership. When the descriptor is changed from ‘high risk’ to ‘likely exposed to deforestation’, the figure changes to 45%, equivalent to more than £11 billion.  

There is therefore an enormous opportunity for Welsh pension funds to drive change.

The report sets out a clear step by step methodology for doing so. 

If your organisation wants to act on this or other deforestation risks, you can take the first step today by joining the Size of Wales movement to make Wales a Deforestation-Free Nation.

We Must Believe That The World Can Be Different: Welsh Pensions and Deforestation Read More »

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