Good with Money: new report on charity investment
On December 10 2014, exactly one year after BBC Panorama’s investigation of charity investment policies, charity leaders’ body ACEVO launched the report of its Commission on ethical and responsible investment.
The report, titled ‘Good with Money’, is a guide for charities on investing in line with their mission. It proposes that charities should have a ‘Responsibility to Reflect’ on their investments – where they are made and how they are managed. It also proposes that larger foundations should have a ‘Responsibility to Innovate’, to use their large size and capacity for risk to ‘err on the side of innovation’ with their investment policies.
Last year’s Panorama programme elicited a strong public response. In the wake of the programme ACEVO convened a taskforce of leading investment professionals chaired by former Chair of UKSIF Martin Clarke, to draw up a blueprint to help charities improve their investment policies, to assess the state of the sector, and to identify knowledge gaps and make recommendations.