Menu
The Church Commissioners are committed to responsible and ethical investment and the active stewardship of our assets. We have made three key external framework commitments as set out below:
5-star rating for Direct Listed Equity
PRI – We commit to the Principles for Responsible Investment and will remain members of the UN convened Principles for Responsible Investment (PRI), recognising the potential for material ESG issues to affect portfolio performance, and to incorporate ESG issues into investment analysis, decision making and active ownership. The full text of the PRI’s investor member commitments is at Annex A.
Stewardship Code – We will be active stewards of our assets and aim to remain signatories to the UK FRC’s Stewardship Code, which sets high standards for stewardship (defined as the responsible allocation, management and oversight of capital to create long-term value for clients and beneficiaries leading to sustainable benefits for the economy, the environment and society). The twelve principles of the Stewardship Code which we commit to are included at Annex B.
Paris Alignment – The Commissioners support the goal of the Paris Agreement and the international community to restrict the global average temperature rise to a maximum of 1.5 degrees Celsius above pre-industrial temperatures. We base our overall strategy towards this as members of the UN-convened Net Zero Asset Owner Alliance. As part of this, we will commit to interim portfolio carbon reduction targets, and detailed reporting on our progress, every five years from 2025 to 2050.
|
Restriction Category
|
Restriction Threshold
|
Navera Investment Management BRT Portfolio Exposure
|
|---|---|---|
|
Alcohol
|
25% Revenue threshold
|
 No Exposure
|
|
3% Revenue threshold
|
No Exposure
|
|
|
Cannabis - recreational
|
10% Revenue threshold
|
No Exposure
|
|
Gambling
|
10% Revenue threshold
|
No Exposure
|
|
Tobacco
|
10% Revenue threshold
|
No Exposure
|
|
High-Interest Rate Lending
|
10% Revenue threshold
|
No Exposure
|
|
Indiscriminate Weapons
|
0% Revenue threshold
|
No Exposure
|
|
Firearms - general
|
10% Revenue threshold
|
No Exposure
|
|
Strategic Defence
|
10% Revenue threshold
|
No Exposure
|
|
Thermal coal & oil sands
|
10% Revenue threshold
|
No Exposure
|
|
Oil & gas exploration, production and refining
|
20% Revenue threshold
|
No Exposure
|
|
Paris alignment
|
No Exposure
|
|
|
Severe harms & breaches of international norms
|
Bespoke Assessment
|
No Exposure
|
|
Oppressive Regime - sovereign debt
|
Oppressive Regime List methodology
|
No Exposure
|
