RESPONSIBLE CHARITY INVESTMENTS

Early day motion 523, tabled 15 January 2003 by Tony Colman (Labour). Signed by 52 members.

That this House welcomes the socially responsible investment proposals in the Cabinet Office Strategy Unit's consultation document, 'Private Action, Public Benefit', which proposes that charities with a total annual income of over ú1 million disclose whether or not they take social, environmental and ethical considerations into account in their investment strategies; and urges the Government to modernise charity law to bring it in line with the legal oblication of pension fund trustees to declare their stance on SRI in their investment policies, and go beyond the strategy unit's proposals and encourage charities to report annually on the implementation of their investment policy, in order to prevent a gap between policy and implementation.

Signatures by party: Labour 36, Labour/Co-operative 8, Liberal Democrat 5, Plaid Cymru 3.