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Updating the Resource Centre Digital Platform

The Business & Human Rights Resource Centre is at a critical point in its development. Our digital platform is home to a wealth of information on business and human rights, but hasn’t had a visual refresh for a number of years.

We will soon be updating the site to improve its usability and better serve the thousands of people that use our site to support their work.

Please take an advance peek at our new look, and let us know what you think!

Thank you,
Alex Guy, Digital Officer

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en/church-of-england-to-help-credit-unions-to-provide-affordable-loans-compete-with-payday-lenders#c74849

Church’s Wonga debacle shows need for portfolio scrutiny (UK)

Author: Ruth Sullivan, Financial Times , Published on: 4 August 2013

The archbishop of Canterbury’s...condemnation of payday lending followed by news that the Church of England is indirectly invested in Wonga, a high-interest lender, is another wake-up call for institutional investors to know exactly what their portfolios hold...The revelation is especially difficult for a church endowment fund priding itself on a strong ethical investment policy. For...[the] leader of the world’s Anglican community, it takes the shine off his plan to encourage credit unions to be set up in churches across the UK and put payday lenders out of business...The Church of England £5.2bn investment fund, which explicitly bans companies involved in payday lending, invests in Accel Partners, the US venture capital firm that led Wonga’s fundraising in 2009...Strong governance reporting coupled with robust responsible investment analysis would help institutional investors to avoid the reputational harm the Church of England has...experienced...[refers to Calstrs, Textron, PGGM, Walmart, Camradata]

Read the full post here

Related companies: PGGM Textron Walmart Wonga