Skip Navigation


opportunity with integrity

The CFB is committed to seeking both superior returns and improving ethical standards.

Positive approach

We seek to improve the ethical profile of our portfolios by avoiding investments in particular businesses and encouraging better practices in others.

Company engagement

We view our investments as long term partnerships with company managements. We engage in constructive dialogue and practise active voting to challenge social, environmental and ethical considerations.

Integrated process

Ethical research integrated with financial analysis is key to our investment process. Fund managers are responsible for both financial and ethical analysis.

Clear policy

Comprehensive policy statements and position papers offer a reference for clients and a clear focus for fund managers.

Theological grounding

The Joint Advisory Committee on the Ethics of Investment provides a unique and robust mechanism for testing ethical investment decisions against theological principles.

Quarterly review
December 2020

Climate emergency

During the quarter, we have continued to update our assessment of oil and gas companies in response to the 2018 Notice of Motion at Methodist Conference, and in light of the 2020 Methodist Conference and Council outcome. Climate strategy updates for Equinor and Repsol were released in November, with Equinor announcing its ambition to become a net-zero energy company by 2050, as well as its plans to achieving carbon neutral global operations by 2030 and reducing absolute greenhouse gas emissions in Norway to near zero by 2050. Repsol released its strategic plan for 2021-2025, which notes, among other climate related announcements, the planned expansion of its low carbon generation business, which will have a generation capacity of 7.5 gigawatts by 2025 and 15 gigawatts by 2030.

... Continue reading →


We wrote to Rio Tinto regarding the incident at Juukan Gorge, Western Australia where an aboriginal site was blasted. Although Rio Tinto had obtained the legal permissions and engaged with the Puutu Kunit Kurrama and Pinikura (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 result in the blast being halted or postponed. Rio Tinto has apologised for this failure, and the CEO and other senior executives have stepped down. This engagement aimed to understand the long term changes taken place at Rio Tinto to ensure an incident of this nature does not happen again, and to learn more about the cultural heritage management and relations with the Traditional Owners.

... Continue reading →

COVID-19 and food producers

Following on from news articles and previous engagement, we wrote to five food producing companies, asking about their policies and processes when responding to any possible outbreak of COVID-19 in food manufacturing plants, as well as in regard to sick leave and pay for staff who have to self-isolate due to the Coronavirus. So far, we have heard back from three (Hilton Food Group, Cranswick, and AB Foods) out of the five, and will continue to engage with these companies. We were particularly impressed with the response from Hilton Food Group.

... Continue reading →

More quarterly reviews



q4 2020 image
q3 2020 image
q2 2020 image
q1 2020 image


Voting policy →

the Methodist Church

The Joint Advisory Committee on the Ethics of Investment (JACEI) provides CFB with advice on ethical issues and reports to the Methodist Conference on CFB compliance with the aims and objectives of the Church.

JACEI Report

The JACEI Report is produced for the Methodist Conference outlining its activities each year. An abbreviated version is also produced. Together they provide a comprehensive survey of the issues that we have addressed.

Joint Advisory Committee on the Ethics of Investment Report 2020 Joint Advisory Committee on the Ethics of Investment Report 2019 Joint Advisory Committee on the Ethics of Investment Short Report 2019

The Climate emergency

Evidence continues to mount that the Earth is warming and yet greenhouse gas emissions continue to rise.

Read the CFB and JACEI's response →

PRI Assessment Report 2020

As a PRI Signatory (Principles for Responsible Investment), we are pleased to announce that we attained the highest rating of A+ for our overall Strategy and Governance in the 2020 PRI Assessment Report. In fact, we scored above the median rating in all categories and are proud to share our latest report.

Read the report →

in partnership

Carbon Disclosure Project Church Investors Group IIGCC, Institutional Investors Group on Climate Change Access to Medicines Index Access to Nutrition Index FAIRR ECCR, The Ecumenical Council for Corporate Responsibility EITI< The Extractive Industries Transparency Initiative Institutional Shareholder Services Sustainalytics TRUCOST UNPRI UKSIF Business Benchmark on Farm Animal Welfare, BBFAW

Active membership of global networks and partnerships provide a powerful united voice when dealing with multinational corporations and assist us and our clients to make informed ethical investment decisions.

The Stewardship Code

The CFB supports investor engagement with companies and is a signatory to the Financial Reporting Council's Stewardship Code

Montréal Pledge

The CFB is a signatory of the Montréal Carbon Pledge and is committed to a voluntary disclosure of the results. Read the CFB's Montréal Pledge Disclosure.

Have your say...

Our ethics are based on Methodist Church principles. We welcome feedback on an ethical issue. If you would like to discuss these please contact CFB Relationship Manager Christophe Borysiewicz on 020 7496 3630 or Chair of JACEI Stephen Wigley on 020 7467 5245.