Showing posts with label Going green. Show all posts
Showing posts with label Going green. Show all posts

1/21/14

Ethical Investing: A Greener Term Deposit

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Please note: the following is not financial advice. You need to do your own research before making any investment decision.

I’ve been frustrated with the options for ethical investing in Australia for a long time. Then I read Greenwash by Guy Pearse and it clarified what I’d been closing my eyes towards – the bank that underwrites my term deposit, the National Australia Bank, is continuing to invest in new coalmining projects at record levels. I’d had enough. It was time to find something else. But options were limited.

I think I have found the answer – a green term deposit.

If you want to buy shares, in Australia at least there aren’t that many blue-chip, mainstream companies that can be described as ethical; it’s not an option for me to invest in supermarkets (gambling, coalmining, high greenhouse emissions, duopolising exploitation of suppliers) or mining companies, and after that you’re not left with many options apart from dodgy telecommunications companies.

I don’t have a large enough sum to make it worthwhile to hire a financial planner, and I don’t like the idea of the high fees and commissions that you pay if you put your money in an ethical managed fund.

It’s amazing what a little exploration on the internet can yield. I’d never heard of the Maleny Credit Union but as far as sustainable financial institutions go, they’re not doing too badly.

Maleny is a small, scenic town north of Queensland on the Sunshine Coast hinterland. The credit union was set up in 1984 by townsfolk who wanted more local credit, and two in particular who wanted to direct investment into ethical and employment initiatives. From the start members were determined to retain it as a community owned resource, and even volunteered their time to keep it open.

Then, in 2011, the board voted that the credit union merge with one of Australia’s largest credit unions, Credit Union Australia. But the townsfolk would have none of it. They wanted to keep it as a local enterprise that would always put people before profit.

Today Maleny Credit union is a social enterprise, which basically means that ‘its purpose is to improve the lives of members through ethical, sustainable and community focused services’.

The credit union’s ethics policy is quite extensive but I would have liked more detail about specific things that the credit union is investing in. In the absence of alternatives, however, I’ve decided to go ahead and take out a term deposit with them.

Credit unions versus banks
My experience in Australia is that credit unions per se are a good choice for term deposits even without sustainability credentials, because their main aim is not to make a profit, but to benefit their members. I intend to keep some of my savings in my current credit union while opening a term deposit with Maleny.

In the longer term, I’ll start to research putting some of my savings into ethical shares. The beauty of term deposits is that they give you somewhere to park your little nest egg while you decide what the heck you want to do with it in the longer term.

(Credit unions also tend to be much cheaper to bank with – by restricting different types of transactions I completely avoid monthly fees on my account, Also, given I’ve got an online savings account, I’ve never been fined when my online everyday account goes into the red!)

My term deposit with the bank is due to mature at the end of the week. When I made the decision to remove my savings, I wrote to National Australia Bank explaining why. I’d suggest doing this if you decide to remove your money from banks with dodgy investments, or sell shares for the same reason. I think it’s worth letting the companies know. If enough of us put our money where our beliefs are, the world would be a cleaner, greener place. Here’s a portion of my letter:

Recently I read a book called Greenwash by Guy Pearse. It highlighted the hypocrisy of companies like yourselves that provide copious information about cuts to operational emissions while continuing to expand your investments in dirty, emissions-intensive industries, particularly coal mining and export. These industries, as well as speeding up catastrophic climate change, are also ultimately bad for our economy because they make the Australian dollar very high while providing very little employment, relatively speaking. Further, much of the profits go out of Australia.

Have you decided to green your investments? If so, what has your experience been?
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9/25/13

Fringe Furniture 2013 Delivers a Fresh Burst of Design Imagination

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Melbourne's Fringe Furniture exhibition, part of the annual Fringe Festival, is famous for its fresh, inventive and cheeky attitude. This year's theme was 'Make it true', a call to bring imaginative ideas to life. Many entries combine artistic flair with unexpected uses of recycled materials. I popped in last weekend and took some pics.

Fringe Furniture has become an iconic Melbourne event. Established in 1986, it showcases the work of some of the country's most exciting emerging designers. It is entirely open access and includes an awards program and a mentor program. Its home in recent years has been the Abbotsford Convent  a trip to this artistic hub is an outing in itself.

The standout exhibit for me was the scary chair pictured above. Made from a recycled piano and plumbing fittings, with lighting coming from open mouths on curved tentacles, it has an uncanny touch of the Addams Family about it. Titled 'The festering', it was indeed inspired by Uncle Fester, who would power lightglobes by putting them into his mouth. It's the brainchild of Amanda Gibson and Peter Drofenik.

A very different kind of seating (and colour scheme) can be seen in this comfy looking bench by Celine Huggins. Its materials include food cans and synthetic ply towelling and the slats are pool noodles, no less.


The piece below is the very definition of conceptual elegance. By Adam Raphael Markowitz, it's called the Möbius Chair and is made from laminated birch plywood.


The uncanny crops up again in  'Fledgling', a striking light shade made from ostrich feathers, stainless steel and rusted steel. It's by designer Alex Sanson.


Why hasn't someone thought to combine the chair and the sleeping bag (or is it a windcheater) before? The result is an invitation to withdraw into domestic comfort. This design, 'Cocoon', is by Evan Mery.


I loved the bold yet natural colour shades on this coffee table, which is made from a salvaged pallet, with a base of black zinc steel. It's by Marcus O'Reilly and is fittingly titled 'Palletto to pallete'.


Here's a close-up of the surface.


The flash photo below doesn't fully convey the charm of this next piece, which has a 'steampunk' feel. Known as 'Jacklight', it was made from mixed materials by Donna Kirkwood and Patrick Neil at Zom8ie.



This trio of a stool and two tables had a pleasing spidery feel and an earthy asethetic. Created by Christopher Herman, the tops are Australian limestone and the legs are corten steel.


The striking light shades below are porcelain designs from Colin Hopkins's Porcelume collection, created in his studio at the Abbotsford Convent. Hopkins's delicate, translucent designs are hand thrown on a potters wheel and then etched by hand, creating a shimmering feel. 


These are only a few of the almost 100 pieces in the Fringe Furniture exhibition, which runs until 6 October. Opening hours are Wed – Sun, 11 am – 5 pm. It's at the Abbotsford Convent, 16 St Heliers St Abbotsford. It's well worth a look if you're in Melbourne  stroll around the convent grounds afterwards, and have a cuppa in one of the cafes.

Until next time!

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7/18/13

What Can I Recycle? An Inspirational List

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When I first investigated going green, I truly believed I knew it all. Boy, was I wrong. Since the last time I’d investigated recycling back in the nineties (I know, I know), there’d been a transformation in the services available. There are now hundreds of social enterprises, and government and private programs, recycling everything from tin foil to computer keyboards.

There are also programs that collect and dispose of toxic items in the most environmentally responsible way possible.

You’d never know this if you relied on the mainstream media alone. Sadly, they aren’t that interested in recycling. A lot of interesting developments are going on behind the scenes, but unless you search them out on the internet, you probably won’t hear about them.

Even local councils, who offer many recycling services, don’t always do a great job of promoting them.

The following is a list of items that are recyclable in my local area, Malvern, in Melbourne, Victoria. It’s mainly meant as inspiration for you to seek out services in your area, because recycling services tend to be localised, often at the local government level. However, a few of the services listed here are Melbourne or Victoria-wide.

A great place to start if you’re in Australia and want to search out recycling services in your area is the Recycling Near You website.

Of course, these kinds of recycling services are no substitute for government action. As well as doing our bit, let’s tell our MPs that the excessive packaging and over-reliance on plastic has to stop, and that recycling toxic items like batteries must be mandatory (as it is in Europe).

Recycling is better than throwing out, but in the case of plastic especially, it’s equally important to try to use less in the first place, and there are some tips for doing that here.

The list below isn’t exhaustive. This website provides information on items that can and can't be recycled throughout the UK, and it runs the gamut from spectacles to eggshells. Also, I haven't included paper and cardboard because unless you've been living on Mars you will know about these.

Batteries

My local council, Stonnington, runs a battery recycling service. Malvern Library has a box on the loans counter where you can deposit batteries for recycling.

Another option is Batteryback™, a free service run by the Victorian Government that recycles old and used household batteries. The batteries can be dropped off at some Bunnings, Coles, Michaels Camera and Officeworks stores. The list of stores can be found here.

The list of batteries they recycle is impressive, and includes batteries for:
  • mobile phones 
  • video cameras 
  • digital cameras 
  • hearing aids 
  • cordless phones 
  • portable electric shavers 
  • cordless power tools 
  • laptop computers 
  • palm pilots 
  • remote controlled toys 
  • portable video games 
  • portable disc players. 
Recently ALDI supermarkets teamed up with Planet Ark to offer a free battery recycling service in every store. There is a dedicated recycling bin located at the front of every ALDI store where you can drop used AA, AAA, C, D or 9V batteries, both rechargeable and non-rechargeable.


Hard plastic

Local councils differ in the extent to which they allow you to put plastic in the recycling bin. I’m lucky in that my local council recycles plastic, but I had no idea the kinds of hard plastic I could throw in my recycling bin. I knew I could recycle yoghurt containers, but apart from that I was pretty ignorant. In fact, I can put in my recycling bin:
  • pen cases and lids (not the ink tube) 
  • takeaway containers 
  • plastic bottles for household items – eg, cooking oil, shampoo, vinegar – including the lids 
  • bits of hard plastic that often come with groceries, eg the plastic clipper used to secure plastic bags on bread. 
It’s important to wash thoroughly any plastics that have held food, shampoo etc. before you throw them in the bin.

If your local council doesn't enable plastic curbside recycling, pressure them to provide it!


Floppy disks

I managed to find somewhere in Melbourne that would recycle my obsolete pile of floppy disks! I had to search around a bit, and as the group I found were a volunteer outfit I happily gave them a donation of five dollars. They are Computerbank, based in Victoria Street, West Melbourne, a not-for-profit group that refurbishes donated computers for low-income people, students and community groups. If you have a laptop you’re ready to let go of, speak to them first.

Plastic bags

Most of us know that supermarkets recycle plastic bags but this is still worth a mention. My local Coles and Woolworths have bins in which you can place plastic bags for recycling. You can recycle supermarket plastic bags and the heavier store bags, packaging film (eg plastic packaging for paper towels, toilet paper and junk mail), as well as drycleaning plastic. However, cling wrap, compostable bags and prepackaged food bags, including frozen food bags and prewashed salad bags, normally can’t be included. Remember to ensure the bags are clean before you put them in.

If you like to shop at supermarkets other than Coles and Woolworths, individual IGA stores seem to do their own thing when it comes to recycling, so you may need to contact your local store to see what they offer; my nearest store, Ashburton, doesn’t provide the option of recycling plastic bags.

(While ALDI doesn’t appear to offer plastic bag recycling, it’s only fair to mention that they are the only supermarket not providing free, single-use plastic bags to customers.)

Food markets may also have their own sustainable plastic bags policies. Victoria Market, for instance, is phasing out free, single-use plastic bags. Alternatives include biodegradable bags, ‘green bags’ designed for multiple use and paper bags.

Computers, televisions, printers and computer parts 

When it comes to e-waste, there are a number of options available to me.

My local council offers its residents free recycling of whitegoods, TVs PCs etc, if dropped off at the waste transfer station (or ‘tip’ as we used to call it!).

Borondoora Council, a few suburbs away from me, runs a free e-waste recycling service at its Riversdale Recycling and Waste Centre (they wouldn’t take my floppy disks, hence the previous search). Items that can be dropped off for recycling free of charge, for non-residents as well as residents, are:

  • televisions 
  • personal computers 
  • laptops, notebooks, palmtops and tablets 
  • computer monitors 
  • computer parts: hard drives, motherboards, cables, internal power supplies, DVD and CD drives 
  • computer peripherals: mice, keyboards, joysticks, game-pads, scanners, web cameras 
  • printers and scanners. 
The e-waste recycling service is a free scheme, but the Recycling and Waste Centre will also recycle the following items for a small fee:
  • game consoles 
  • video and DVD players 
  • radios/stereos 
  • power tools 
  • kitchen and household appliances 
  • whitegoods 
  • universal power supplies.

Printer cartridges, mobile phones, light globes, car batteries and car parts, scrap metal

Stonnington Council specifies that light globes can’t be put in the recycling bin. However, the waste transfer station does recycle light globes and fluoro tubes free of charge if you live in Stonnington. They also provide free recycling of car batteries, automotive oil, scrap metal, car parts and mobile phones and batteries if you drop them off at the transfer station. Contact your local council to see what they offer.

My local Officeworks store has a drop-off bin for recycling old mobile phones and printer cartridges.

Garden waste

My local council offers the option of hiring a green waste bin, emptied every two weeks, for around seventy dollars a year. They will also provide free recycling of garden waste, including tree branches, that is dropped off at the transfer station.


Cans, tins and aluminium foil 

Some local councils, mine included, offer curbside recycling of aluminium, aerosol and steel cans and tins, as well as aluminium foil. Contact your local council to see if they do.

Cansmart is an Australia-wide industry body that promotes the recycling of steel. This page has a guide for preparing tins to place in the recycling bin.


Chemical and hazardous waste 

Detox your Home is a free service for householders to dispose of potentially dangerous household chemical products safely and easily without harming the environment. It’s run by Sustainability Victoria in partnership with local governments.

Victorians can take their household chemical products to a Detox your Home drop-off point at a permanent site or through the mobile service. The Detox your Home mobile drop-off service accepts a wide range of household chemical products; check the webpages for details. However, I rang the information number and they couldn’t tell me which hazardous chemical products are actually recycled.

Pharmaceutical drugs Pills and medicines that have been sitting in the cupboard too long pose a potential risk to children, and can cause harm to the environment if flushed down the toilet or poured down the sink. The Return Unwanted Medicines (RUM) project enables consumers in Australia to take their unwanted medicines to their local pharmacy for safe disposal in an environmentally responsible way.

Until next time!
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