Your SlideShare is downloading. ×
0
EIRIS Charity Project Seminar Pooled Funds: the Opportunities ...
EIRIS Charity Project Seminar Pooled Funds: the Opportunities ...
EIRIS Charity Project Seminar Pooled Funds: the Opportunities ...
EIRIS Charity Project Seminar Pooled Funds: the Opportunities ...
EIRIS Charity Project Seminar Pooled Funds: the Opportunities ...
EIRIS Charity Project Seminar Pooled Funds: the Opportunities ...
EIRIS Charity Project Seminar Pooled Funds: the Opportunities ...
EIRIS Charity Project Seminar Pooled Funds: the Opportunities ...
EIRIS Charity Project Seminar Pooled Funds: the Opportunities ...
EIRIS Charity Project Seminar Pooled Funds: the Opportunities ...
EIRIS Charity Project Seminar Pooled Funds: the Opportunities ...
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

EIRIS Charity Project Seminar Pooled Funds: the Opportunities ...

466

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
466
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. EIRIS Charity Project Seminar Pooled Funds: the Opportunities for Responsible Investment 1 December 2009 Authorised and Regulated by the Financial Services Authority Incorporated in England and Wales Registered number 3052894 Registered Office 9 Bonhill Street London EC2A 4PE
  • 2. <ul><li>Specialist in </li></ul><ul><li>church & charity </li></ul><ul><li>fund management </li></ul><ul><li>Specialist in </li></ul><ul><li>ethical </li></ul><ul><li>fund management </li></ul>The CFB of the Methodist Church 10 pooled funds valued at £1,090 million for the Methodist Church only Epworth Investment Management 4 pooled funds valued at £630 million (of which £500 million CFB) for UK charities only and 2 pooled funds valued at £30 million (of which £25 million CFB)
  • 3. Pooled Funds & Responsible Investment <ul><li>Our Mission </li></ul><ul><li>to provide a high quality investment service seeking above average returns </li></ul><ul><li>to follow a discipline in which the ethical dimension is an integral part of investment decisions </li></ul><ul><li>to construct investment portfolios consistent with Christian faith and morals </li></ul><ul><li>to encourage strategic thinking on the ethics of investment </li></ul><ul><li>to be a Christian witness in the investment community </li></ul>
  • 4. Pooled Funds & Responsible Investment <ul><li>Epworth range of funds </li></ul><ul><li>Common Investment and Common Deposit Funds </li></ul><ul><ul><li>Affirmative Equity Fund </li></ul></ul><ul><ul><li>Affirmative Fixed Interest Fund </li></ul></ul><ul><ul><li>Affirmative Corporate Bond Fund </li></ul></ul><ul><ul><li>Affirmative Deposit Fund </li></ul></ul><ul><li>UCITS Umbrella Unit Trust Scheme </li></ul><ul><ul><li>Epworth UK Equity Fund </li></ul></ul><ul><ul><li>Epworth European Fund </li></ul></ul><ul><ul><li>Simplicity with service </li></ul></ul>
  • 5. Pooled Funds & Responsible Investment <ul><li>Affirmative Equity Fund </li></ul><ul><li>the first sustainable growth common investment fund </li></ul><ul><li>“ Investment will be made in companies (that) will normally (but not exclusively) pursue long term sustainable growth strategies in the wider interests of all parties including owners, lenders, employees, suppliers, customers/clients and the local and wider community.” </li></ul><ul><li>Extract from Scheme Particulars </li></ul>
  • 6. Pooled Funds & Responsible Investment <ul><li>A structured approach to ethics </li></ul><ul><li>Theological input </li></ul><ul><li>Detailed research </li></ul><ul><li>Company dialogue </li></ul><ul><li>Ethics Advisory Committee </li></ul><ul><li>Networking </li></ul><ul><li>Reporting </li></ul>
  • 7. Pooled Funds & Responsible Investment <ul><li>Networking </li></ul><ul><li>Ecumenical church relationships </li></ul><ul><ul><li>Church Investors’ Group </li></ul></ul><ul><ul><li>Ecumenical Council for Corporate Responsibility (ECCR) </li></ul></ul><ul><ul><li>International networks </li></ul></ul><ul><li>Secular collaborative projects </li></ul><ul><ul><li>Institutional Investors’ Group on Climate Change </li></ul></ul><ul><ul><li>Extractive Industries Transparency Initiative </li></ul></ul><ul><ul><li>Carbon Disclosure Project </li></ul></ul><ul><ul><li>UN Principles for Responsible Investment </li></ul></ul><ul><li>Research organisations </li></ul><ul><ul><li>EIRIS, PIRC, Trucost </li></ul></ul>
  • 8. Pooled Funds & Responsible Investment <ul><li>Reporting </li></ul><ul><li>EIRIS screening report </li></ul><ul><li>PIRC voting report </li></ul><ul><li>Policy statements </li></ul><ul><li>Ethics Advisory Committee report </li></ul><ul><li>Quarterly SRI review </li></ul>
  • 9. Pooled Funds & Responsible Investment <ul><li>Position Papers and Policy Statements </li></ul><ul><li>Alcohol </li></ul><ul><li>Children’s issues </li></ul><ul><li>Climate change </li></ul><ul><li>Corporate governance </li></ul><ul><li>Financial intermediaries </li></ul><ul><li>Food industry including Nestl é </li></ul><ul><li>Israel/Palestine </li></ul><ul><li>Media </li></ul><ul><li>Military exposed companies including security services </li></ul><ul><li>Mining and other extractive industries </li></ul><ul><li>Political donations </li></ul><ul><li>Prisons </li></ul><ul><li>Voting </li></ul>
  • 10. Pooled Funds & Responsible Investment <ul><li>Ethics Advisory Committee Annual Report 2009 </li></ul><ul><li>Policy on children’s issues </li></ul><ul><li>Policy on contractors providing military and security services </li></ul><ul><li>Exchange of views with US churches on Israel/Palestine </li></ul><ul><li>Climate change position paper drafted and debated </li></ul><ul><li>CIG policy statement with respect to Sudan adopted as CFB/Epworth position </li></ul><ul><li>Nestl é </li></ul><ul><li>BSkyB </li></ul><ul><li>Anglo American </li></ul><ul><li>Meetings, correspondence or ethical research - 35 companies </li></ul><ul><li>Regular reporting items </li></ul><ul><li>Conclusion </li></ul><ul><ul><li>“ The Committee judges that the CFB has managed the funds under its control in accordance with the aims of the Methodist Church” </li></ul></ul>
  • 11. Pooled Funds & Responsible Investment <ul><li>Contact Details </li></ul><ul><li>9 Bonhill Street </li></ul><ul><li>London EC2A 4PE </li></ul><ul><li>Chief Executive Relationship Manager </li></ul><ul><li>Bill Seddon Bill Lane </li></ul><ul><li>Chief Investment Officer </li></ul><ul><li>Russell Sparkes </li></ul><ul><li>Central Finance Board of the Methodist Church Epworth Investment Management Limited </li></ul><ul><li>Tel 020 7496 3630 Tel 020 7496 3636 </li></ul><ul><li>Email: Bill.lane@cfbmethodistchurch.org.uk Email: admin@epworthinvestment.co.uk </li></ul><ul><li>www.cfbmethodistchurch.org.uk www.epworthinvestment.co.uk </li></ul><ul><li> </li></ul>

×