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Monday, October 24, 2016
Churches publish their ethical investment policies
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¬†Yesterday, the Church Investors Group (CIG) launched its website, which not only sets out the ethical investment approach of members but also includes responses to some recent controversial issues. "This is an important new resource that will help the Churches to ensure their investment portfolios reflect the moral stance and teachings of the Christian faith," said Bill Seddon, Church Investors Group Deputy Chair. "It is a way we can share our work with Church members." The CIG represents most mainstream Church denominations and organisations in Britain and Ireland. It has 31 members with combined assets of around £12 billion. Each member has its own investment policy but members work together on issues of common concern. Through the new website, the public can find details of recent projects. These include engagement on investment issues relating to Israel/Palestine, Reed Elsevier's defence exhibitions businesses, and dialogue with British Airways on its uniform policy and freedom of employees to wear religious symbols. CIG members have also published their own investment policies. Bill Seddon said: "Of course new ethical issues arise from time to time and members of church congregations do not always know how the money invested on their behalf is being used to support church teaching. The Church Investors website should help people to see how we are responding,' But it also enables us to have a dialogue with the churches so we can hear about people's concerns." The website also provides details of research projects and trustee training events. The Church Investors Group was founded in 2005, building on an informal ecumenical ethical investment network that had existed since 1973. It has four key aims: to encourage the formulation of investment policies based on Christian ethical principles; to assist each other in putting such policies into practice; to encourage responsible business practices through engagement with company managements; and to share information and views on ethical matters related to investment. Current members to date, include representative organisations from the Baptists, Church in Wales, Church of England, Church of Ireland, Church of Scotland, Methodist Church, Roman Catholic Church, Quakers, Salvation Army and United Reform Church. For more information see: . Source: CoE Comms
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