Investment in Companies: Transparency and Low Carbon Economy

Church Commissioners – in the House of Commons on 17th June 2021.

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Photo of Janet Daby Janet Daby Labour, Lewisham East

What progress the Church of England has made on engaging the companies it has invested in to (a) improve transparency and (b) transition to a low carbon economy.

Photo of Andrew Selous Andrew Selous The Second Church Estates Commissioner

The commissioners have a long history of leveraging their position as an investor to increase transparency and to make sure that companies are Paris-aligned—most recently, with ExxonMobil. The commissioners’ work alongside other investors can often play a leading role in organisations such as Climate Action 100+, the United Nations Principles for Responsible Investment and the Institutional Investors Group on Climate Change.

Photo of Janet Daby Janet Daby Labour, Lewisham East

This week, the Young Christian Climate Network began its relay for justice, where over 500 young people will take part in the trek from Truro Cathedral to Glasgow to call for bold action from our political and religious leaders. We all know that warm words will not stop the earth’s temperature rising, and although I very much welcome the update from the commissioner today, will he confirm that every component of the Church, including the commissioners, is on track to reach zero carbon by 2030?

Photo of Andrew Selous Andrew Selous The Second Church Estates Commissioner

All parts of the Church are absolutely committed to reaching net zero. The Church will shortly be meeting Environment Ministers to see what more we can do together, and our ethical investing has won a number of awards in that area.