The global financial crisis has strengthened the Church of England’s drive for more ethical business practices by making companies and shareholders more receptive to change, according to the man who manages its investment fund.
With about 5.5 billion pounds ($8.8 billion) of financial and property assets, the Church has greater clout than many hedge funds. But it has often struggled to make its voice heard.
That is starting to change, according to First Church Estates Commissioner Andreas Whittam Smith.