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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
September 2021

Ethics process review

It’s been an exciting season for CFB/Epworth as we focus on further refining the processes that underpin our ethical integrity. Andrew Harper, our Head of Ethics, has been working to implement a new approach to our ethical mandate that will better ensure we invest in line with Christian ethics. Along with other stakeholders, JACEI has begun to set the priorities that the CFB/Epworth will follow when taking on engagement with companies. This will be balanced against portfolio exposure to these issues, ensuring we are putting effort and attention on topics where we have maximum opportunity to effect change, whilst meeting the ethical needs of our stakeholders.

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Climate Emergency

We are weeks away from COP26, the United Nations Climate Change conference, which this year will be held in the UK. Recently, CFB/Epworth have worked extensively assessing oil and gas companies, as well as those with exposure to thermal coal. Ahead of COP26 we turned our attention to the global banking sector, joining with ShareAction and other institutional investors to call banks to strengthen their climate ambitions. The engagement targeted 63 banks, recognising the sectors power to drive the transition to a low carbon economy. We have been able to meet with Goldman Sachs and HSBC in the quarter to challenge their pace of change toward a more sustainable future.

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Fair Tax Mark

We continue to be active in encouraging companies to increase their transparency when it comes to tax. CFB/Epworth began an engagement piece with our conviction holdings in October 2020 pointing them to the Fair Tax Foundation, which provides a certification scheme for companies which pay the right amount of tax at the right time and in the right place. We have now had responses from 87% of companies we wrote to, with many opportunities to meet and discuss this topic.

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More quarterly reviews



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Voting policy →

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 2021 Joint Advisory Committee on the Ethics of Investment Report 2020 Joint Advisory Committee on the Ethics of Investment Report 2019

The Climate emergency

Evidence continues to mount that the Earth is warming and yet greenhouse gas emissions continue to rise.

Read the CFB and JACEI's response →

PRI Assessment Report 2020

As a PRI Signatory (Principles for Responsible Investment), we are pleased to announce that we attained the highest rating of A+ for our overall Strategy and Governance in the 2020 PRI Assessment Report. In fact, we scored above the median rating in all categories and are proud to share our latest report.

Read the report →

in partnership

Carbon Disclosure Project Church Investors Group 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 Sustainalytics 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 the Chair of JACEI Stephen Wigley on 020 7467 5245.