In this bonus episode, Simon and Bex discuss FAQs about using our money in an ethical and responsible manner that benefits society.
Some key points covered in this episode include the following:
- Bex explains that the Season 7 bonus episodes will feature faith and finance FAQs. The first episode focuses on using our money in an ethical and responsible manner that benefits society and the second one explores issues to do with our personal finances and the choices that we make in that context. [00:30]
- The first question from listeners that Bex poses to Simon is from Don: ‘How much should we be digging to find out what our money is funding down the chain whilst it sits in bank/savings/investment accounts, and what options are available to us for more 'ethical' investing?’ [02:33]
- Reflecting on ways of influencing situations [07:23], Bex notes that campaigns and protests can become quite complex in their impact and invites Simon to share his thoughts on that area. [08:36]
- Simon explains and explores the issues that arise when trying to achieve a good balance between benefiting from investments and creating benefits by investing. [10:46] For those wishing to take an ethical approach to investing, Simon describes a range of options that runs from ESG (Environmental, Social and Governance) investing through Ethical and Impact investing to Philanthropy. [11:54] He then goes to speak about some steps that are being taken to reduce the ability of companies to ‘greenwash’ their products in order to make them appear more ethical and responsible than they actually are. [15:36]
- In response to a question from Bex, Simon outlines some suggestions that can help us to identify and implement ways of using our money to support causes that we are passionate about. [18:39]
- Bex then asks Simon for some top tips for anyone interested in setting up a Christian charity or social enterprise. [21:51]
- Simon proffers some comments about whether or not there should be any expectation that church members should provide services to churches at preferential rates. [26:44]
- Simon provides three top tips for ways in which Christians can make a difference in a financial context. [30:26]
- The second bonus episode of this season will focus on FAQs relating to the faith and finance choices that we make as individuals. [31:47]
- In closing, Simon recommends the information and resources provided by the charity, ‘Stewardship’, as being relevant and helpful in connection with the content of this episode. [32:22]
Suggestions or feedback arising from this episode can be sent via email to whereyourtreasureis@freerangepodcasting.co.uk while messages via Instagram should be directed to @whereyourtreasureispodcast.
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