more pressure on church fundsMay 1999
The Church Commissioners are to be urged to take a more proactive line on ethical investment.
A soon-to-be-published report from the Christian Ethical Investment Group will tell the commissioners they can screen out companies involved in activities such as arms dealing and pornography without damaging their $3.4 billion investments.
The report, Ethical Investment: Have the Church Commissioners Got it Right? says proactive ethical investment should be seen as prudent ‘on the grounds that companies that act responsibly perform more satisfactorily from a financial point of view in the long run.’
And it adds: ‘The commissioners are free to act in this way because their portfolio is so large that an adequate spread of investments is open to them even if they do introduce these restrictions.’
CEIG is shortly bringing out a report setting down fiduciary responsibility guidelines for charity trustee investors, called Ethical Investment: How Far May Charity Trustees Go?
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