Church of England

Church of England: "No current grounds for disinvestment" from Caterpillar

A robust and rigorous review of the Church of England’s shareholding in Caterpillar Inc – the US-based manufacturer of construction and mining equipment - has resulted in a decision by the Church’s Ethical Investment Advisory Group (EIAG) not to recommend disinvestment at this time. In May of this year, the EIAG committed itself to a period of consultation and engagement following representations made to it about the Church’s investment in Caterpillar. The Group was informed in its decision by the fact that there have been no sales for some years now, and this, together with possibilities in the present delicate political negotiations, made it the wrong time to recommend disinvestment. However, the EIAG was clear that, were sales to resume, the matter would have to be revisited.