The Church of England’s ethical finance chief has defended its investment policy despite its stakes in businesses blamed for pollution, tax dodging, animal cruelty and child labour.
“Life is not perfectly good or perfectly bad,” Edward Mason said after it was revealed that the Church had been unwittingly bankrolling the payday lender Wonga. “Everything is a mess.”
The Archbishop of Canterbury, Justin Welby, has ordered a review of the Church’s multibillion-pound investments to identify inconsistencies with its moral teachings.
Read it all (subscription required).