Who We Are & Contacts
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St Paul’s Cathedral recognises climate change as an urgent and existential threat to our planet and communities. This is an area where active stewardship is needed and we take seriously our part in working constructively for change. This includes the issue of ethical investment. We know that our actions today, and those of the companies we invest in, have current and future consequences for our planet.
In the management of our investments, we have two key criteria.
Firstly, that they follow at least the Church of England Ethical Investment Policy which includes restrictions on alcohol, armaments, gambling, pornography and tobacco. This policy includes additional restrictions on tar sands and thermal coal and many of our funds are invested with further restrictions in these areas.
Secondly, we have chosen organisations who seek to drive change in the behaviour of companies they invest in on our behalf and are actively engaged in doing so. They are members of the Institutional Investors Group on Climate Change (IIGCC), a body for investor collaboration working to mobilise capital for the low carbon transition with business, policy makers and investors, and the Climate Action 100+ Initiative, an investor initiative to ensure the world’s largest corporate greenhouse gas emitters take necessary action on climate change.
In its latest progress report, Climate Action 100+ reported that it had secured four Climate Action 100+ investor led agreements with global companies – Shell, Glencore, BP and Equinor – covering a wide range of commitments and has made progress in defining investor expectations on corporate lobbying activity, to ensure activity is aligned with and supports delivery of the Paris Agreement on climate change.