In his article Luke refers to the efforts of a coalition of charitable foundations, NGOs and faith groups (which includes Bates Wells) to “openly ask the Charity Commission and the Attorney General to refer important questions about charity trustee investment duties to the tribunal for a contemporary and authoritative ruling”.
Luke explains in this blog that the coalition was assembled at a time when climate change demands urgent action of this kind, and now includes organisations such as the RSPB and NCVO. The campaign’s overall aims are also relevant to other important matters separate to the issue of climate change. As Luke says in his piece, “in essence, given that charities exist to benefit the public at large and must demonstrate as much to the Commission, the question is “how should investments be aligned with the interests of wider society?. Understood properly, this question also extends far beyond the urgent issue of addressing climate change”.
If you’d like to read more of Luke’s insights, check out his blog here.
This information is necessarily of a general nature and doesn’t constitute legal advice. This is not a substitute for formal legal advice, given in the context of full information under an engagement with Bates Wells.
All content on this page is correct as of April 4, 2019.