This report shows public data only. Is this your organisation? If so, login here to view your full report.

CCLA

PRI reporting framework 2019

Export Public Responses
Pdf-img

You are in Strategy and Governance » Promoting responsible investment

Promoting responsible investment

SG 09. Collaborative organisations / initiatives

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

James Corah, CCLA's Head of Ethical and Responsible Investment, serves on the PRI's Plastic Investor Working Group

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Helen Wildmsith, CCLA's Director of Climate Stewardship, is a strategic adviser and 'Year One' Chair of the Investor Member Advisory Committee at CDP

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

CCLA recognises the importance of Forests as being an important source for biodiversity and a 'sink' for carbon emissions. For this reason, we are a signatory to the CDP Forests Programme.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

CCLA recognises the importance of the effective management of water resources. This is likely to become increasingly important as water becomes more constrained due to changing weather patterns associated with climate change. For this reason, we support the CDP Water programme.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Helen Wildsmth, CCLA's Stewardship Director for Climate Change, Co-Chairs the Resolution Sub-Committee. This Committee was created in 2017 to incorporate the selective use of insitutional quality shareholder resolutions alongside IIGCC's longstanding collaborative engagement initiative.

 

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

The Church Investors Group (to whom we provide the secretariat - see below) is an ICCR member and partner. We work together on several issues including, but not limited to, action to remove modern slavery from company supply chains.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Two staff, who specialise in corporate governance, are members of ICGN. We greatly appreciate ICGN's work in developing high quality resources on corporate governance.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

CCLA are an investor network member of CERES. This continues to help us better engage with US listed companies through collaboration with other CERES members.

          UKSIF
        

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

James Corah serves on the UKSIF Markets Committee. 

We recognise the importance of public policy engagement on ESG issues as a method of driving improvements in standards. For this reason, we welcome UKSIF's commitment to working with the UK government.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

The Church Investors Group (to whom we provide the secretariat - see below) is a SHARE member and partner. We work together on several issues including, but not limited to, action to remove modern slavery from company supply chains.

          The £21bn Church Investors Group
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We provide the secretariat to the Church Investors Group. This represents institutional investors from many mainstream Church denominations and church related charities. Our aims are to encourage the formulation of investment policies based on Christian ethical principles, to encourage responsible business practice through engagement with company managements and to share information and views on ethical matters related to investment. The CIG has 67 members, predominantly drawn from the UK and Ireland, with combined investment assets of over £21bn.

          FTSE4Good Policy & Criteria Committee
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Helen Wildsmith, CCLA's Stewardship Director for Climate Change, serves on both of these FTSE Committees. They are important for maintianing FTSE's ESG Rating Service and the FTSE4Good Index.

          Transition Pathway Initiative
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Through our role as the investment manager for the CBF Church of England Funds, CCLA was a founding member of the Transition Pathway Initiative. We continue to provide financing to the initiative and sit on the bodies' Steering Group.


SG 09.2. Assets managed by PRI signatories (Private)


SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate the actions your organisation has taken to promote responsible investment independently of collaborative initiatives. Provide a description of your role in contributing to the objectives of the selected action and the typical frequency of your participation/contribution.

Description

          As part of our commitment to the sector CCLA provides a regular series of training events for charity trustees. To ensure maximum participation, we hold one event per month in a different location within the UK. 

Responsible investment is a key part of this programme. Attendees are introduced to key responsible investment concepts (for instance, ESG integration and stewardship) and we explain why it is important for them to consider these issues within their investment policies.
        

Frequency of contribution

Description

          CCLA provides financial support to the Transition Pathway Initiative. Led by the London School of Economics, this provides research on companies' position against the transition to a low carbon economy.
        

Frequency of contribution

Description

          Our Chief Investment Officer and members of our Responsible Investment Team are regular speakers at Conferences to promote responsible investment.

For instance, CCLA's Head and Deputy Head of Responsible spoke at the 2019 Charity Investment Forum on the topic of the 'Next Big Thing'. This encouraged charity trustees to identify the next significant ESG issue that could impact upon the value of their investments or their reputation as an investor.
        

Frequency of contribution

Description

          Responsible Investment is a regular topic of our briefing program for staff and stakeholders. For instance, our Chief Investment Officer produces a regular briefing that is published at least once per week and is made available to all clients. This regularly covers ESG issues; examples include the impact of demographics upon China, the outlook for energy companies in light of shifting energy demands and the potential for energy efficiency investments.
        

Frequency of contribution

Description

          James Corah, CCLA's Head of Ethical and Responsible Investment, serves on the PRI Investor Working Group on Plastics
        

Frequency of contribution

specify description

          The Church Investors Group
        

Description

          CCLA provides the secretariat, and significant financial support, to the Church Investors Group. This aims to help its members develop ethical and responsible investment policies that safeguard future invested value and reflect the faith of their beneficiaries.
        

Frequency of contribution

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]


SG 11. Dialogue with public policy makers or standard setters

11.1. Indicate if your organisation - individually or in collaboration with others - conducted dialogue with public policy makers or regulators in support of responsible investment in the reporting year.

If yes

11.2. Select the methods you have used.

11.3. Where you have made written submissions (individually or collaboratively) to governments and regulatory authorities, indicate if these are publicly available.

11.4. Provide a brief description of the main topics your organisation has engaged with public policy-makers or regulators on.

CCLA has engaged with public policy makers in a variety of ways during the reporting year.

Alongside the Church Investors Group we drafted a submission to the Home Affairs Select Committee. This highlighted: 

- The disparity between company reporting about the extent of modern slavery in their supply chains and research by civil society and academics.

- That collaborative action by companies provides the best examples of real progress being made in supply chains and that government should play a role to help foster this collaboration.

- The need for a centralised repository for slavery and human trafficking statements and a strong Independent Anti-Slavery Commissioner.

The full submission can be found at https://churchinvestorsgroup.org.uk/submission-to-modern-slavery-inquiry/ 

Helen Wildsmith, CCLA’s Stewardship Director for Climate Change, promoted the Powering Past Coal initiative on a panel at COP 24 with Claire Perry, Minister of State at the UK Department for Business, Energy and Industrial Strategy, and Catherine McKenna, the Canadian Minister of the Environment and Climate Change. The initiative is working with EU and OECD countries to encourage them to phase out unabated coal-fired electricity generation no later than 2030, with the rest of the world no later than 2050 to limit global warming and the impacts of climate change. Further details can be found at: https://poweringpastcoal.org/about. 

CCLA continues to support IIGCC's Public Policy Programme and endorsed a number of initiatives during the year. This included signing the 2018 Global Investor Statement to Governments on Climate Change which called upon all governments to implement the actions needed under the 2015 Paris Agreement.


Top