Women truly want to make a difference with their money. That was one takeaway from The WealthiHer Network's 2020 research report, The Changing Faces of Women’s Wealth, which found that a majority of respondents recognise “less harm” is no longer an option.
It’s increasingly important to change how we do business, invest, and consume to combat the global climate crisis and safeguard the next generation. Indeed, WealthiHer’s latest research shows that 87 per cent of women in Asia want to invest with the future in mind.
Veronica Chou, founder of Everybody & Everyone, whose products are made from recycled materials, and Fan Cheuk Wan, chief investment officer Asia for Private Banking and Wealth Management at HSBC each bring valuable perspectives on how to be a more conscientious consumer and investor. They share what inspired their passion for sustainability along with actionable takeaways in this exclusive masterclass, created by WealthiHer in partnership with Front & Female. Check out the video—using the timestamps to skip to each woman’s story and tips—and read highlights below.
1. Rethink how and where you shop
Asia's Most Influential honouree Veronica Chou is a huge advocate of pre-loved fashion and believes that women should aim to buy as much as they can second hand or vintage. She also highlights the alternatives of renting high-end items and sharing and swapping clothes with your friends.
If you do buy new items, she recommends prioritising everyday essentials that you can wear many times and that are made with organic or recycled materials. “Look for companies and brands that share your mission,” she says.