The Central Finance Board
of the Methodist Church
Deposit Fund
CLIENT NOTICE: DEPOSIT FUND CHEQUE REMITTANCES →
* A.E.R. as at 1 December 2020
A higher interest cash fund designed specifically for Methodist churches and charities.
Our Mission
Our mission, alongside the Church, is to seek practical solutions which combine Christian ethics and investment returns. We therefore aim...
- to provide a high quality investment service seeking above average returns
- to follow a discipline in which the ethical dimension is an integral part of all investment decisions
- to construct investment portfolios consistent with the moral stance and teachings of the Christian faith
- to encourage strategic thinking on the ethics of investment
- to be a Christian witness in the investment community
Ethics
Mining – Rio Tinto
On 24 May 2020, Rio Tinto detonated an area in Western Australia which was deemed to have high significance to the native people of the region. The area of interest was land belonging to the Puutu Kunti, Kurrama and Pinikura People (PKKP) within the Juukan Gorge. Although Rio Tinto had obtained the legal permissions and engaged with the PKKU peoples throughout a multi-year process, new information on the heritage of the site, which came to light prior to the blast, did not cause the blast to be halted or postponed. Rio Tinto has apologised for this failure, which appears systemic in nature, and the CEO and other senior executives have stepped down. We have followed this closely since May and we are looking for the company to refresh its culture and reform its procedures.
... Continue reading →Mining – tailings
In August, the Global Industry Standard on Tailings Management was launched, establishing a global standard on tailings management for existing and future tailings facilities. The Standard has been developed through the Global Tailings Review, which was co-convened in March 2019 by the United Nations Environment Programme (UNEP), Principles for Responsible Investment (PRI), and International Council on Mining and Metals (ICMM). The Standard has been established in response to the disaster at the Córrego do Feijão iron ore mine in Brumandinho, Brazil in January 2019. The tailings dam suffered catastrophic failure which killed 270 people, with 11 missing persons. We participate in the Investor Mining and Tailings Safety Initiative which called for the Standard to be established.
... Continue reading →Epworth Investment Management
Our sister organisation Epworth Investment Management provides our investment services to non-Methodist churches and charities.