charities lack ethics policiesDecember 2001
Only around half of 47 large UK charities investing in company shares have a formal ethical investment policy, a survey finds.
Twenty-five of the 47 charities that replied to the Ethical Investment Research Service survey had a formal policy and a further five either were developing one or had an informal policy. The 47 charities, most of whom are household names, have funds worth almost £26billion ($37bn), representing more than 70 per cent of the total investments held by the top 100 charities Eiris approached.
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