C of E investment policy on alcohol to bear down on irresponsible drinks retailers

A new ethical investment policy on alcohol has been adopted by the Church of England investing bodies following advice from the Church’s Ethical Investment Advisory Group (EIAG).

Together, the Church Commissioners, the Church of England Pensions Board and the CBF Church of England Funds hold assets of more than £8 billion.

The EIAG – concerned about the continuing negative health and social consequences of the misuse of alcohol – recommended continued restrictions on investment in companies involved in the production and sale of alcoholic drinks.

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Posted in * Anglican - Episcopal, * Economics, Politics, Anglican Provinces, Church of England (CoE), Corporations/Corporate Life, Economy, Ethics / Moral Theology, Stock Market, Theology

3 comments on “C of E investment policy on alcohol to bear down on irresponsible drinks retailers

  1. Pageantmaster Ù† says:

    This is what comes of having a church encompassing both catholics and puritans.

    Will the wine column of the Church of England Newspaper be safe from the killjoy Puritans of Church House?

  2. evan miller says:

    Silly. What do they consider “inappropriate pricing?” My guess is that they want to see alcoholic beverages priced out of the market. I’m with you on this one Pageantmaster.

  3. AnglicanCasuist says:

    Now, if there was something that could done about a few high alcohol content “fortified” wines (not fermented), I wouldn’t be against it.

    CISCO (Canandaigua Wine Co., NY ), NIGHT TRAIN (E&J Gallo Winery, CA ) , THUNDERBIRD (E&J Gallo Winery, CA), WILD IRISH ROSE (Canandaigua Wine Co., NY), MD 20/20, now in ‘Blue Raspberry” flavor! (20/20 wine company, NY).

    These are so called bum wines, and are marketed to the poor and addicted. They are made by major wine companies, sometimes under fake company names. They contain up to 19 percent alcohol.
    When Prohibition ended (1933) Ernest and Julio Gallo wanted to become the “Campbell’s Soup” of wine, so they marketed THUNDERBIRD in the ghettos around the country.

    From BumwineDotCom:
    [The Gallo Brothers’} radio adds featured a song that went, “What’s the word? / Thunderbird / How’s it sold? / Good and cold / What’s the jive? / Bird’s alive / What’s the price? / Thirty twice.” It is said that Ernest once drove through a tough, inner city neighborhood and pulled over when he saw a bum. When Gallo rolled down his window and called out, “What’s the word?” the immediate answer from the bum was, “Thunderbird.”

    THUNDERBIRD was 60 cents during the 1930s, and is now around $3.50 a bottle. It is reported that it turns your lips and tongue black temporarily.