The Church Investors Group (CIG) is a group of investors connected with the Churches of Britain and Ireland with combined assets of c£12 billion. We believe it will serve to increase the witness and influence of the Church in society if our investment portfolios reflect the moral stance and teachings of the Christian faith.
- 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;
- to share information and views on ethical matters related to investment.
If you would like to contact the CIG secretariat please email: email@example.com
Church Investors Group Annual Report
Our 2013 Annual Report is available to download.
Being Good Stewards: Church Investors and Corporate Engagement
The Church Investors Group has today released 'Being Good Stewards: Church Investors and Corporate Engagement'. This document provides further details of how investors conduct engagement with businesses and further examples of CIG members' work in this area.
This is available here.
Church Investors Succeed in Raising Environmental Standards of UK Companies
The £12bn Church Investors Group, made up of 46 members connected with churches predominately located in Britain and Ireland, is pleased to report positive progress on its initiative encouraging UK companies to take action to disclose and manage their carbon emissions. The Carbon Disclosure Project's (CDP's) FTSE 350 Climate Change Report revealed that 72% of the 53 companies contacted by the CIG because they were considered to be laggards, have improved their CDP score.
This initiative forms part of the CIG's wider efforts to encourage environmentally responsible business practices in those business its members invest in.
See the full press release here
Church Investors Group Release Position Statement on Climate Change
The Church Investors Group have today released a Position Statement on Climate Change. This is available here
Climate Change and Church Investors: Framing the Debate
The CIG have commissioned research to help church investors think through climate change and how it effects them. This is available here.
Public Consultation on Best Practice Principles for Governance Research Providers
The Church Investors Group have submitted a response to this consultation. The full response is available here
Annual Conference 2013
The Church Investor Group hosted its first annual conference on the 24th and 25th June with delegates from around the world (including representatives of investors from Europe, Oceania, Africa, and North America) attending. The agenda included the following:
A session on climate change with Nick Robins, HSBC; Angus McCrone, Bloomberg New Energy Finance; Ben Caldecott, Programme Director for the Smith School of Enterprise and the Environment at the University of Oxford and Sister Pat Daly of the Tri-State Coalition for Responsible Investment, and a member of ICCR.
Shaun McCarthy, former Chair of the Commission for a Sustainable London 2012, and James Corah, CIG Secretary, reflecting on their experiences of engaging with Olympic sponsors and suppliers in the run up to, during, and after the games.
A Blueprint for Better Business informing delegates about their initiative encouraging a return to moral principles by business leaders.
Keynote Address by Bishop Michael Doe, Chair of ECCR, and a panel event on the topic of what constitutes a 'Good Bank' held in conjunction with St Paul's Institute.
A copy of the full agenda is available here.
New Members in 2013
The Church Investors Group is expanding. In 2013 so far we have been delighted to welcome The Religious Society of Friends, The Council of Lutheran Churches, The Apostleship of the Sea and The Anglican Church Pension Board of New Zealand as new members.
Al Gore speaks at St Paul's Cathedral on 'Sustainable Capitalism'
Last Autumn, St Paul's cathedral hosted Al Gore, former U.S. Vice President, environmental advocate, and co-founder and Chair of Generation Investment Management. He spoke at a special event aimed at energising investors and businesses to aide the transition to a more sustainable form of capitalism. The Very Revd David Ison, Dean of St Paul's Cathedral, welcomed Mr Gore to the event that was hosted by St Paul's Institute and the Church Investors Group as part of the fifth annual National Ethical Investment Week.
Speaking to an audience of Church and charity investors, pension funds, and investment managers he spoke on the threats facing the economic system, urging investors to invest for the long term and put an end to asset management that is 'oblivious to anything other than short-term financial factors.' He stated that 'incentives are the secrets to capitalism's success but it matters how the incentives are designed' and pressed the audience to choose their investment managers based on environmental, societal and governance factors.
Following the presentation he responded to questions from the attentive audience. The event was chaired by Andreas Whittam Smith, First Church Estates Commissioner at the Church Commissioners for England.
The session reflected recent research conducted by YouGov for National Ethical Investment Week that stated that nearly two-thirds of British investors expected Church and charity investors to take the lead on promoting responsible investment.
Mr Gore praised the attendees, acknowledging that 'asset owners, like the ones in the room, do have the ability to insist that their assets are managed in line with their values in a sophisticated way' but reiterated that they had a responsibility to do so because future generations 'will ask us, what were you thinking? Was your attention focussed elsewhere? They'll ask if we rose to the difficult challenge we face'
Dean Ison said 'Al Gore's message about sustainable capitalism offers an inspirational ray of hope for those who feel that nothing much can be done. He challenged the 'owners of capital' not only to believe that there can be a different future, but then to act in straightforward ways to help it happen: and getting that message out so that it transforms lives and structures is the task he left us with. Let's get to it!'
A summary of the event is available to download here
Meeting of International Church Investors
40 participants representing church investors from North America, Europe, Australasia and Africa met in Paris on 14 September 2011 for an event hosted by the Church Investors Group. To learn more about this historic meeting where international Church investors agreed to collaborate further on corporate responsibility issues please see the press release.
2010 Executive Renumeration Report
The CIG commissioned a report on the ethics of executive renumeration, in response to the growing public concern at excessive pay awarded to many senior corporate executives. The full report, a four page summary, and the press release are all available to download.