The Most Rev Justin Welby described climate change as “the most pressing investment challenge of our time”, and urged the investment community to take “environmental, social and governance factors” into account when making decisions.
Mr Welby’s comments come a day after he confirmed he would be willing to chair a citizens’ forum on Brexit “in principle” after being approached by senior MPs, but conditions on him accepting the role “have not yet been met”.
In a video message for the Global Ethical Finance Initiative (GEFI) ahead of this autumn’s world summit on ethical finance in Edinburgh, Mr Welby said: “Money is not morally neutral – it can do harm and it can do good.
“At the very least it is the responsibility of investors to take account of environmental, social and governance factors in their investment decisions and in their stewardship of their assets.
“At its best, ethical finance can drive positive change in the world, while still being responsible for its investors.
“It can ensure that while meeting investors’ risk return requirements, investments benefit people and planet.
“I’d like to focus for the next few moments on the most pressing investment challenge of our time – climate change.
“Because frankly, the investment community has still not sufficiently stepped up to the plate on this.
“I’ve seen for myself the devastation of climate change – I’ve seen…
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