Wealth Wizards

Frequestly Asked Questions

Frequently Asked Questions on important topics our customers want to know more about

Frequently Asked Questions


Q: Does Wealth Wizards have a formal environmental policy in place?

Yes. We are committed to, and enjoy, finding ways in which we can reduce the impact of our work both in the office and when working at home.

Key aspects of our policy include:

  • Recycle as much waste material as possible.
  • Avoid the use of paper wherever possible.
  • Recycle equipment that is no longer of use to the company. For items such as laptopsmonitors, we donate these to local schools and charities who can make further use of them once we have safely removed all Wealth Wizards data from them.
  • Keep energy usage low and on-demand only. For example, how we design our platform to making usenergy light bulbs throughout the office.
  • Purchase products made with recycled paper.
  • Purchase products with a lower environmental impact.
  • Use low impact transport for travel to and from work and travel for business. For exampletransport to attend meetings and offering a Cycle Scheme to encourage staff to cycle to work or to lift share.
  • Avoid unnecessary travel by making use of technology such as instant messaging, videconferencing, telephone and email.
  • Embrace hybrid working to reduce travel to office.

Q: What is the carbon footprint of the Wealth Wizards platform?

As part of our cloud adoption and investment into the Sustainability pillar of the AWS Well-Architected Framework, we have been able to design our platform with environmental sustainability in mind. This includes migrating application and database services to serverless so they adopt more of a utility-based model (comparable to how homeowners consume and pay for electricity). Switching off services when they are not in use e.g. powering down non-prod environments over the weekend, and have paperless and recycling programmes in the workplace.

Between January 2022 and January 2023, the Wealth Wizards platform only emitted 0.007 MTCO2e, with 3.8 MTCO2e saved through using AWS renewable energy that powers its data centres.

Q: Do Wealth Wizards purchase 100% renewable electricity?

Yes. Our physical office is on a 100% renewable energy tariff.

Q: Have Wealth Wizards made a Paris Climate Agreement commitment or have a net zero target?

Yes. As a subsidiary of Royal London Group we share their commitment to the climate crisis. The wider strategy and actions we take help us to play our part in moving fairly to a sustainable world, while contributing to the effective management of climate-related risks and opportunities for our customers. Royal London Group have committed to:

  • reach net zero across our direct operational emissions by 2030 and indirect operational emissions by 2050; and
  • reduce the emissions from our investment portfolio by 50% by 2030 as part of the transition to net zero by 2050.

These commitments are based on the expectation that governments and policymakers will deliver on their commitments to achieve the goals of the Paris Agreement.

For further details please see Royal London Group - Our Climate Change Commitments

Q: Do you publish sustainability reports such as TCFD statements and your progress?

Yes. The latest TCFD Climate Reports (Taskforce on Climate-related Financial Disclosures) and further sustainability progress reports and plans can be found here: Sustainability Reporting