Church Commissioners sign PRI Montreal Pledge

Earlier posts have highlighted the involvement of the Church of England on climate change issues, and the important role played by its three National Investment Bodies, (NIBs). In April this year, the Church announced that none of its NIBs would make any direct investments in any company where more than 10% of its revenues are derived from the extraction of thermal coal or the production of oil from tar sands. The announcement coincided with the adoption of a new climate change policy recommended by the Church’s Ethical Investment Advisory Group (EIAG) that sets out how the three national investing bodies (NIBs) will support the transition to a low carbon economy. Continue reading