The Church Commissioners hold investments whose value
was approaching £6.7 billion at the end of 2014. The fund includes
stock market and property investments,
including UK urban property, rural and development land, and a
stake in global property funds.
The Commissioners aim for the best return from their
assets to help sustain the nationwide ministry of the Church,
without undue risk and in line with their ethical investment
policy. Their long term target is a return of at least RPI plus 5%
over the long term.
Investment strategy is the responsibility of, and regularly
reviewed by, the Commissioners' Assets Committee, assisted by the
property and securities groups, both of which are made up of staff
The Church Commissioners' ambition is to be at the forefront of
responsible investment. To read more about where we are on our
responsible investment journey please read the Responsible Investment
Review written by Edward Mason, Head of Responsible Investment
at the Church Commissioners.
The framework guiding the Church Commissioners' Responsible
Investment is available to read here.
are advised on ethical investment by the Church of England's
Ethical Investment Advisory Group (EIAG), which also advises the
Church's other national investing bodies.
We do not
make direct investments in companies whose revenues from
defence, non-military firearms, thermal coal and oil sands,
tobacco, gambling, high cost lending, pornography and human
embryonic cloning exceed thresholds specified by the EIAG. A
new policy on alcohol is in the process of implementation under
which companies deriving revenues from alcoholic drinks (once
revenues exceed a specified threshold) are only eligible for
investment if they meet EIAG standards for responsible marketing
conducts active ownership activities on the Commissioners' behalf
including shareholder voting and engagement with companies on
ethical and environmental, social and governance (ESG)
for further information about ethical investment and the Ethical
Investment Advisory Group
Church Commissioners' Stewardship Code Statement
Approved by the Commissioners' Assets Committee on 14
here to read statement.
Reports on voting activity
Second half of
First half of
Second half of 2014