The Church Commissioners’ work supports the Church of England as a Christian presence in the community. It manages an investment fund of £6.7 billion ($9.6 billion). The investment objective is to generate a total return averaging RPI + 5 per cent per annum over the long term. Over the past 30 years the fund has achieved an average return of RPI+6.3 per cent per annum. The investment policy is to hold a diversified portfolio of investments across a broad range of asset classes consistent with its ethical guidelines.
The Investor Mining & Tailings Safety Initiative, chaired by the Church of England Pensions Board and the Swedish Council of Ethics of the AP Funds has won the PRI Stewardship Project of the Year Award. The initiative reveals the qualities of successful stewardship.
Being passively invested shouldn’t mean being passive with regard to responsibilities says the Church of England Pension Board which has developed a new climate transition index with FTSE Russell, LSE and TPI that is the first to incorporate forward-looking climate data.
At PRI in Person Sylvia van Waveren, director, active ownership at Robeco, and Adam Mathews, director of ethics and engagement at The Church of England’s Pensions Board sat down with Ben van Beurden, CEO of Royal Dutch Shell to chart their journey of dialogue and evolution that resulted in the oil giant setting carbon emissions targets linked to executive pay.
Sarah RundellSeptember 12, 2019