THE Church's investing bodies should encourage companies in
which they hold shares to take a "precautionary approach" to
genetic modification, the Church of England Ethical Investment
Advisory Group (EIAG) said last week.
The EIAG - which makes recommendations on investments to the
Church Commissioners, the Church of England Pensions Board, and the
CBF Church of England funds - has "adopted an updated and more
detailed ethical investment policy on genetically modified
organisms (GMOs)", Church House said.
The policy "allows for investment in companies developing and
marketing GMOs where there is satisfactory assurance on, and
confidence in, ethical standards".
It would be "inconsistent" with the EIAG's policy for GM
field-trials to be conducted on land owned by church investing
bodies. The policy, however, allows "well-established GMOs that are
broadly accepted in the country concerned" to be cultivated on land
owned by church investing bodies.
The chairman of the EIAG, James Featherby, said: "The EIAG
recognises the potential benefits of responsibly conducted GM",
but: "We are also conscious . . . that there remain uncertainties
about the effects of the application of the technology."
Ethical investor. A new, not-for-profit
stockbroker, Ethex, has been launched by five charitable
foundations. A spokesman for Ethex said that it was "the first ever
platform bringing together positive ethical investments in one