Ethical Investment Advisory Group

About Us

The Ethical Investment Advisory Group (EIAG) supports the Church of England's National Investing Bodies (NIBs) on ethical investment - the Church Commissioners, the Church of England Pensions Board and the CBF Church of England funds managed by CCLA.

The role of the EIAG and its Secretariat is to provide timely and practical Advice, to support the NIBs to invest ethically in a way which is distinctly Christian and Anglican. In particular, such Advice may relate to:

  • assets, sectors or markets in which it would not be appropriate for the NIBs to invest (including screening),
  • stewardship by the NIBs of their investments (including voting and engagement),
  • relationships with managers and other investors, and
  • policy issues.


EIAG Extractives Box

The EIAG is developing an ethical investment policy for the extractive industries. As part of the policy development the EIAG is holding a public consultation led by the Bishop of Manchester, the Rt Revd David Walker.

A number of existing EIAG policies address some of the ethical aspects of extractive industries. However, given the size, impact and range of challenges specific to the sector, the EIAG is keen to develop a stand-alone policy. The EIAG are seeking a range of views to reflect our overlapping interests in theology, ethics, and the industry in order better to advise the National Investing Bodies (NIBs). The resulting EIAG policy will be made public, and will guide engagement and investment decision making for the NIBs who collectively manage assets of approximately £11bn.


The EIAG's members include representatives of General Synod, the Archbishops' Council, the Council for Mission and Public Affairs, the investing bodies and co-opted members. There is a rich mix of theological, Church, investment and business experience.

The EIAG is chaired by Mr James Featherby.

Annual Report

The EIAG Annual Review 2015/16 is available here.

Engagement, Voting and Stewardship

Although the EIAG develops policy advice for the NIBs, it is the responsibility of each NIB to monitor, screen, vote and engage in respect of their respective investments and to manage relationships with investments, managers and other investors appropriately in line with adopted EIAG policies.

The Church Commissioners and Church of England Pensions Board Engagement Team monitors, screens, votes and engages with companies.  CCLA undertakes these roles for the CBF Church of England Funds.The Commissioners and Pensions Board are members of the UK Sustainable Investment and Finance (UKSIF), Church Investors Group, the United Nations Principles for Responsible Investment, the Institutional Investors Group on Climate Change and CDP (formerly the Carbon Disclosure Project).


For further information please contact The EIAG does not make investment decisions.  Please do not send investment proposals.