Letter: Church investments

Thursday 26 March 1998 01:02 GMT

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I MUST correct the impression given by James Savage's letter (25 March). The policy of the Church Commissioners is to invest in companies which have regard for employment practices, corporate governance, the environment and human rights, as well as their shareholders.

In our experience, these companies produce a good investment return and we have beaten independent benchmarks in recent years. Our policy is also to avoid investments in companies whose main business is in armaments, gambling, alcohol, tobacco and newspapers, where we have specific ethical concerns.

The Commissioners do not invest in British Aerospace and have never done so.

ANNE DICKENS

Head of Communications

The Church Commissioners

London SW1

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