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Central Finance Board of the Methodist Church / Epworth Investment Management

PRI reporting framework 2020

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Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

The Central Finance Board of the Methodist Church (CFB), and sister organisation Epworth Investment Management Limited (Epworth) has defined its mission, alongside the Church, as: seeking practical solutions which combine Christian ethics and investment returns. The CFB's aim is to:

  • provide a high quality investment service seeking above average returns
  • follow a discipline in which the ethical dimension is an integral part of all investment decisions
  • construct investment portfolios consistent with the moral stance and teachings of the Christian faith
  • encourage strategic thinking on the ethics of investment
  • be a Christian witness in the investment community

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

01.6. Additional information [Optional].

          
        

SG 01 CC. Climate risk

01.6 CC. Indicate whether your organisation has identified transition and physical climate-related risks and opportunities and factored this into the investment strategies and products, within the organisation’s investment time horizon.

Describe the identified transition and physical climate-related risks and opportunities and how they have been factored into the investment strategies/products.

CFB/Epworth has identified specific sectors which may be more impacted by the transition to a low carbon economy, and has written internal reports on the topic. This has led to engagement with companies to better understand the transition and physical climate related risks they face, in order to make an investment decision. 

01.7 CC. Indicate whether the organisation has assessed the likelihood and impact of these climate risks?

Describe the associated timescales linked to these risks and opportunities.

CFB/Epworth sees a staggered approach to the impact of climate related risks and opportunities as they relate to different sectors and companies. 

01.8 CC. Indicate whether the organisation publicly supports the TCFD?

01.9 CC. Indicate whether there is an organisation-wide strategy in place to identify and manage material climate-related risks and opportunities.

Describe

We consider climate related risks and opportunities within research reports, in the monthly ethics meeting and in the quarterly meetings of the Joint Advisory Committee on the Impact of Ethics. This enables and ensures discussion around climate change, and identifies the variety of risks it presents, as well as the numerous opportunities. 

1.10 CC. Indicate the documents and/or communications the organisation uses to publish TCFD disclosures.


SG 02. Publicly available RI policy or guidance documents

 

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

URL/Attachment

URL/Attachment

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

02.3. Additional information [Optional].


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

The Central Finance Board of the Methodist Church and Epworth have implemented an organisational structure and a number of procedures so as to ensure that conflicts of interest are prevented from giving rise to a material risk of damage to the interests of its clients.  We have a conflicts of interest register that is maintained by our Compliance Officer, which provides details of potential conflicts between the organisation and its clients, and how they are managed.

Where there is a potential conflict between the activities of an Epworth client and ethical policies, the matter is referred to the Epworth Board on a case by case basis.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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