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Updated guidance on responsible investment sees mixed reviews
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Zoe Amar: Organisations must act now to stay ahead of digital trends
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14 May 2021 by Andy Ricketts
The Charity Commission has been urged to update proposed responsible investment guidance to avoid the suggestion that charities must choose between investing ethically or maximising their financial returns.
In its response to the Charity Commission’s ongoing consultation about its guidance on responsible investment, the Association of Charitable Foundations says charities should be expected to make responsible investment decisions rather than having to choose between a “false binary” of acting ethically or seeking to make the most of their investments.
The membership body says the terminology in the proposed guidance is problematic because it conflates responsible investment with more intentionally programmatic or mission-aligned investment.
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