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Ethics

Balancing
opportunity with integrity

The CFB is committed to seeking both superior returns and improving ethical standards.

Positive approach

We seek to improve the ethical profile of our portfolios by avoiding investments in particular businesses and encouraging better practices in others.

Company engagement

We view our investments as long term partnerships with company managements. We engage in constructive dialogue and practise active voting to challenge social, environmental and ethical considerations.

Integrated process

Ethical research integrated with financial analysis is key to our investment process. Fund managers are responsible for both financial and ethical analysis.

Clear policy

Comprehensive policy statements and position papers offer a reference for clients and a clear focus for fund managers.

Theological grounding

The Joint Advisory Committee on the Ethics of Investment provides a unique and robust mechanism for testing ethical investment decisions against theological principles.

Quarterly review
March 2018

Plastics

Plastic waste can substantially damage the environment and urgent action is required across different sectors. We are looking at how companies tackle the issues around plastic waste. Our focus is on single-use plastic (bottles, cups, straws etc.) where these are seldom recycled, and micro-plastics (used in cosmetics and cleaning products). Further analysis will focus on key companies, looking at their policies and processes for reducing plastic use and how they work with packaging companies in terms of innovation and design.

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Nestlé

Our annual in-depth meeting with Nestlé UK took place during the quarter. We received updates on BMS (breast milk substitutes) issues, human rights in the cocoa and coffee supply chains, Nestlé’s response to the debate on single use disposable plastic, Modern Slavery, and health & safety across its global operations.

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Extractive industries

We continue to be active participants in the Mining and Faith Reflections Initiative and attended two half-day meetings facilitated by Anglo American. These debated the role of mining in development and also heard a NGO perspective on the role mining can play in local communities. We continue to work ecumenically with church denominations on developing common ground in our approach to mining.

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More quarterly reviews

Voting

Reports

CFB Voting
March
2018
q4 2017 image
December
2017
q3 2016 image
September
2017
q2 2017 image
June
2017

Policy

Voting policy →

Serving
the Methodist Church

The Joint Advisory Committee on the Ethics of Investment (JACEI) provides CFB with advice on ethical issues and reports to the Methodist Conference on CFB compliance with the aims and objectives of the Church.

JACEI Report

The JACEI Report is produced for the Methodist Conference outlining its activities each year. An abbreviated version is also produced. Together they provide a comprehensive survey of the issues that we have addressed.

Joint Advisory Committee on the Ethics of Investment Report 2018 Joint Advisory Committee on the Ethics of Investment Short Report 2018 Joint Advisory Committee on the Ethics of Investment Report 2017 Joint Advisory Committee on the Ethics of Investment Short Report 2017 Joint Advisory Committee on the Ethics of Investment Report 2016 Joint Advisory Committee on the Ethics of Investment Short Report 2016

Working
in partnership

Carbon Disclosure Project Church Investors Group EIRIS IIGCC, Institutional Investors Group on Climate Change Access to Medicines Index Access to Nutrition Index FAIRR ECCR, The Ecumenical Council for Corporate Responsibility EITI< The Extractive Industries Transparency Initiative Institutional Shareholder Services TRUCOST UNPRI UKSIF Business Benchmark on Farm Animal Welfare, BBFAW

Active membership of global networks and partnerships provide a powerful united voice when dealing with multinational corporations and assist us and our clients to make informed ethical investment decisions.

The Stewardship Code

The CFB supports investor engagement with companies and is a signatory to the Financial Reporting Council's Stewardship Code

Montréal Pledge

The CFB is a signatory of the Montréal Carbon Pledge and is committed to a voluntary disclosure of the results. Read the CFB's Montréal Pledge Disclosure.

Have your say...

Our ethics are based on Methodist Church principles. We welcome feedback on an ethical issue. If you would like to discuss these please contact CFB Relationship Manager Christophe Borysiewicz on 020 7496 3630 or Chair of JACEI John Howard on 020 7467 5245.