{"id":30250,"date":"2020-10-31T20:20:29","date_gmt":"2020-11-01T00:20:29","guid":{"rendered":"https:\/\/test.greenmoney.com\/2025\/?p=30250"},"modified":"2020-11-22T08:48:15","modified_gmt":"2020-11-22T13:48:15","slug":"grace-vs-greed-the-church-of-england-steps-into-the-climate-breach","status":"publish","type":"post","link":"https:\/\/test.greenmoney.com\/2025\/grace-vs-greed-the-church-of-england-steps-into-the-climate-breach\/","title":{"rendered":"Grace vs. Greed: The Church of England Steps into the Climate Breach"},"content":{"rendered":"<div class=\"landing-links\"><a href=\"\/november-issue-2020\">&gt;&gt; Back to November 2020 Issue<\/a><\/div>\n<p><strong>A growing band of investment activists led by the Church of England is out to prove that where governments fail, faith (and money) can prevail.<\/strong><\/p>\n<p>For months the warning signals went ignored. Then at 1:00 pm on January 25, 2019, a vast dam holding iron ore sludge collapsed, swamping the small Brazilian town of Brumadinho with a 26-foot wall of mud, leaving 270 people dead or missing.<\/p>\n<p>After a few token gestures of concern\u2014a ministerial visit, a few arrests, and a $4.7 million fine against the dam owner, Brazilian metals and mining giant, Vale S.A. \u2013 Brazil and the $324 billion metals mining industry looked forward to moving on.<\/p>\n<p>It was to be business as usual until a group of influential institutional investors stepped in.<\/p>\n<p>Outraged at the corporate irresponsibility, they vowed to use their combined $14 trillion in financial clout to demand more corporate accountability and oversight of <strong><a href=\"https:\/\/www.eurekalert.org\/pub_releases\/2020-01\/g-wfp012320.php\" target=\"_blank\" rel=\"noopener noreferrer\">1,700 mine tailing dams<\/a><\/strong> around the world.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-30338\" src=\"https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2020\/10\/The-Church-of-England-logo.png\" alt=\"The Church of England logo\" width=\"417\" height=\"97\" srcset=\"https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2020\/10\/The-Church-of-England-logo.png 740w, https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2020\/10\/The-Church-of-England-logo-300x70.png 300w\" sizes=\"auto, (max-width: 417px) 100vw, 417px\" \/>Leading the charge was one of the world\u2019s most progressive institutional shareholders, the <strong><a href=\"https:\/\/www.climateandcapitalmedia.com\/company-directory\/church-of-england-pensions-board\/\" target=\"_blank\" rel=\"noopener noreferrer\">Church of England Pensions Board<\/a><\/strong>, led by its charismatic director of ethics and engagement, <strong><a href=\"https:\/\/www.climateandcapitalmedia.com\/people-directory\/adam-matthews\/\" target=\"_blank\" rel=\"noopener noreferrer\">Adam Matthews<\/a><\/strong>. Along with the Swedish National Pension Funds, Matthews created a coalition of investors that successfully pressured the mining industry to impose new and far-reaching rules on how the industry monitors mine tailings dams around the world.<\/p>\n<p><em>\u201cIt shouldn\u2019t have happened, and we made a concerted effort, with others, to try to ensure it doesn\u2019t happen again,\u201d<\/em> Matthews told Climate &amp; Capital Media.<\/p>\n<figure id=\"attachment_30339\" aria-describedby=\"caption-attachment-30339\" style=\"width: 400px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-30339\" src=\"https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2020\/10\/Adam-Matthews-photo-by-Geoff-Pugh.jpg\" alt=\"Adam Matthews-photo by Geoff Pugh\" width=\"400\" height=\"476\" srcset=\"https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2020\/10\/Adam-Matthews-photo-by-Geoff-Pugh.jpg 400w, https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2020\/10\/Adam-Matthews-photo-by-Geoff-Pugh-252x300.jpg 252w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><figcaption id=\"caption-attachment-30339\" class=\"wp-caption-text\"><em>Adam Matthews, photo by Geoff Pugh<\/em><\/figcaption><\/figure>\n<p>With $3.1 billion in assets, the Church of England Pensions Board is a relatively small player by institutional money standards. (BlackRock, by comparison, manages $7 trillion in assets.) But, what the Church lacks in assets is more than made up for by Matthews\u2019 passion to mobilize the once-sleepy world of institutional asset managers.<\/p>\n<p>His efforts are on the vanguard of a growing trend among activist institutional investors who are no longer waiting for governments to tackle the world\u2019s most important environmental and social issues, particularly climate change.<\/p>\n<h2>Church and State<\/h2>\n<p>Most governments continue to ignore the most ambitious Paris Agreement goal to achieve 1.5 degrees Celsius warming limit, instead fast-tracking the Earth\u2019s average temperature to rise by more than 3 degrees Celsius, which would make the planet all but uninhabitable for humans. Taking their cues from years of government lip service, the world\u2019s largest energy companies have continued to not decrease but increase fossil fuel investments.<\/p>\n<p>Activist institutional investors say that tide must turn and so now is the time for radical engagement. With governments dawdling on the sidelines, Matthews is determined to unleash what former Goldman Sachs economist Bob Litterman calls the \u201cawesome power\u201d of the finance industry. By demonstrating what can be done, investors hope it would encourage reluctant governments to step up and follow the lead of institutional money.<\/p>\n<p><em>\u201cIf the government could see that there\u2019s the commitment and intent,\u201d <\/em>says Matthews, then the role of finance <em>\u201cmay be dominant in the equation,\u201d<\/em> referring to the role of business and finance in solving climate issues.<\/p>\n<div id='div-gpt-ad-1622053269469-0' class=\"ad-float-left\"><script>\ngoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1622053269469-0'); });\n<\/script><\/div>\n<p>This is a far cry from the days when institutional fund managers were often part of the problem, not the solution, content to sit back and clip coupons for its pensioners. When they did engage, it was often on the wrong side, invoking their so-called fiduciary duty to push CEOs to maximize returns and reduce costs, regardless of the impact on the environment and the climate.<\/p>\n<p>Now, Matthews and his growing band of activist institutional investors have a new climate agenda. They are demanding emission cuts, seeking changes in business models, supporting climate shareholder votes, and if necessary, threatening to starve companies of capital if they don\u2019t commit to an acceptable future carbon path.<\/p>\n<h2>Net Zero Asset Owner Alliance<\/h2>\n<p>Their approach is working. Last year, when Royal Dutch Shell announced it would use investor funds to raise oil and gas production, investors rebelled. Asset manager Sarasin &amp; Partners, in a very public letter, warned Shell\u2019s actions threatened \u201cplanetary stability.\u201d Matthews and the Church of England Pensions Board, a Shell shareholder, joined the most ambitious climate investor alliance yet, the Net Zero Asset Owner Alliance, which is working to limit warming in its portfolios to 1.5C\u2014a stronger commitment than the Paris Agreement. Matthews also played a central role by engaging with Shell on behalf of <strong><a href=\"http:\/\/www.climateaction100.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">Climate Action 100+<\/a><\/strong>, an alliance of over 450 investors.<\/p>\n<p>The pressure worked. Within months, Shell dramatically reversed course. It announced it would strive to be a net zero carbon business by 2050. Where it had once pledged to deliver $125 billion in dividends over the next five years, it now announced its first dividend cut since World War II, reflecting what it described as a fundamental shift to become a net zero business. It now aspires to be the world\u2019s largest electricity company.<\/p>\n<h2>A Climate Crusade<\/h2>\n<p>Investor pressure also forced the Minerals Council of Australia to adopt the \u201cnet zero\u201d goal last month. And while the mining body notorious for killing off any meaningful climate action in Australia refused to issue emission-reduction targets, the investors that own its members, soon will. The Net Zero Asset Owner Alliance later this year will specify targets for net-zero-aligned cuts to be achieved by 2025 by all companies in their portfolios, including the miners.<\/p>\n<h2>Forces Resignation of Rio Tinto CEO over Aboriginal Rights<\/h2>\n<p>And it is not just in the climate fight that companies are feeling the heat. Last month, the chief executive of mining giant Rio Tinto resigned after an outcry from Matthews and others over the company\u2019s destruction of an ancient Aboriginal archeological site.\u00a0 The Pensions Board, which is an investor in Rio Tinto, demanded the resignation of Jean-Sebastien Jacques after the extent of the damage done to the sites became clear.<\/p>\n<p><em>\u201cWe are in a completely different situation now that causes us to revisit some fundamental assumptions, and I think you\u2019re beginning to see companies grapple with that,\u201d<\/em> says Matthews.<\/p>\n<h3 style=\"text-align: center;\">Matthews believes the energy industry is beginning to see a differentiation between those companies committed to diversifying themselves and taking on new roles as low-carbon energy providers and those \u201ccompanies that will just be paying back to their shareholders,\u201d says Matthews. \u201cSome will just hold out and that\u2019s where the investment community can be challenged to decide: walk away or try and replace chairs and directors at these companies.\u201d<\/h3>\n<p><em>\u201cWe are in a completely different situation now that causes us to revisit some fundamental assumptions\u201d<\/em><\/p>\n<p>Not surprisingly, he has intensified his focus on the US oil and gas sector which he says is \u201chugely behind\u201d its European peers. This spring, the Church of England joined with the New York State Retirement Fund and Legal &amp; General Investment Management to support a shareholder suit opposing the re-election of Exxon CEO and chairman Darren Woods.<\/p>\n<p>Another key element of his engagement strategy is to target the demand side as well as <strong><a href=\"https:\/\/www.climateandcapitalmedia.com\/does-bp-finally-get-it\/\" target=\"_blank\" rel=\"noopener noreferrer\">fossil fuel suppliers<\/a><\/strong> in order to reduce demand for these fuels and push key industrial sectors to net-zero pathways. This, he says, \u201cmeans identifying and rapidly overcoming\u201d any blockages in public policy, financing, and technology. The key, he believes, is to bring together industrial buyers and sellers and incentivize them through investments to work together to reduce their collective carbon footprints.<\/p>\n<h2>Post Covid-19 Economic Recovery<\/h2>\n<p>A critical milestone for climate progress will be accelerating efforts to <strong><a href=\"https:\/\/www.climateandcapitalmedia.com\/the-fossil-fuel-non-proliferation-treaty-the-beginning-of-the-end-of-fossil-fuel-era\/\" target=\"_blank\" rel=\"noopener noreferrer\">pressure governments<\/a><\/strong> to integrate climate-related initiatives into any post Covid-19 economic recovery plan. Investors are particularly concerned that even the more progressive efforts, like those in the EU, still fail to include formal conditions ruling out member states\u2019 spending on fossil fuels.<\/p>\n<p>The pandemic transition <em>\u201crequires ambitious policy, combined with corporate leadership, combined with investors,\u201d<\/em> Matthews says.<\/p>\n<p>Brian O\u2019Callaghan, a researcher at the Smith School of Enterprise and Environment told Climate &amp; Capital Media: <em>\u201cAs always with policy design, the devil is in the details. It is vital that policymakers get this right. The stakes are high.\u201d<\/em><\/p>\n<p>One tactic the Church had avoided is divesting bond and equity holdings in fossil fuel companies. <em>\u201cDivestment is not the answer. As an asset owner, we always retain that right, but it won\u2019t solve the climate crisis,\u201d<\/em> said Tom Joy, the Church of England Pensions Board chief investment officer, shortly after joining the 26-member Net Zero Asset Owner Alliance.<\/p>\n<h2>A Step Towards Divesting<\/h2>\n<p>This month, however, the Church of England took its first step towards divesting from ExxonMobil when the Pensions Board announced it had fully divested from the oil giant because the oil company has failed to set goals to reduce emissions produced by its customers. However, the Church of England through other investment entities does continue to own ExxonMobil equity, and according to a spokesperson, \u201ccontinues to be actively engaged on climate change with ExxonMobil as a shareholder.\u201d<\/p>\n<div id='div-gpt-ad-1622053479374-0' class=\"ad-float-left\"><script>\ngoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1622053479374-0'); });\n<\/script><\/div>\n<div>\n<p>Its reluctance to divest from fossil fuel companies puts the Church and other activist asset owners at odds with more aggressive climate activists like Greta Thunberg, who are pushing for an immediate divestment of all fossil fuel holdings. But climate-conscious investors say they have no choice: So long as governments run from their climate policy-making responsibilities, activist investors cannot divest.<\/p>\n<p><em>\u201cIf everyone who has good ethics divests, only those with bad ethics control the companies,\u201d<\/em> says Garry Weaven, the former chair of fund manager IFM Investors which manages around $108 billion worth of assets for 27 Australian industry pension funds.<\/p>\n<h2>Investors with a Mission<\/h2>\n<p>Rather than divest, investors believe that the only way to rouse somnolent governments is by demonstrating that private coalitions of business leaders, prodded by private financial capital, can successfully push companies towards net zero. These actions would then act as a catalyst by setting an example of effective engagement. This, in turn, will make it easier for opportunistic politicians, particularly in the United States, to challenge the stranglehold the oil and gas industry has on governments. Finance, says Matthews, \u201c<em>has got to be absolutely at the table pushing the low-carbon agenda.\u201d<\/em><\/p>\n<p>Matthews is a third-generation fan of Liverpool Football Club. Last week his beloved Reds won their first Premier League title in 30 years. Liverpool\u2019s theme song, \u201cYou\u2019ll Never Walk Alone,\u201d sums up Matthews\u2019s and the Church\u2018s determination to never let the vulnerable walk alone in the darkest moments. To the mining industry\u2019s surprise, they stepped up after Brazil\u2019s mine tragedy. Now they are determined to do the same with climate change.<\/p>\n<p><em>(Feature aerial solar array photo, courtesy of Shell International)<\/em><\/p>\n<p>&nbsp;<\/p>\n<p><strong><em>Article by Peter McKillop and Kerrie Sinclair<\/em><\/strong><\/p>\n<p><strong><em>Peter McKillop<\/em><\/strong><em> is the Founder of <\/em><a href=\"https:\/\/www.climateandcapitalmedia.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em><strong>Climate &amp; Capital Media<\/strong><\/em><\/a><em>. Previously Mr. McKillop was a Managing Director at BlackRock, where he was responsible for leading the firm\u2019s strategic communications and messaging for its iShares ETF and Indexing business. He has also held senior communication leadership positions at J.P. Morgan, KKR, UBS, and Bank of America. Before entering the financial communications field, Peter was a senior correspondent and bureau chief for Newsweek in New York, Tokyo, and Hong Kong<\/em><\/p>\n<p><strong><em>Kerrie Sinclair<\/em><\/strong><em>, a U.K.-based journalist who covered finance, renewable energy, and climate policy in Australia for News Ltd. She has also worked at Dow Jones Newswires and AFX News, covering European and U.S.-listed companies and financial markets.<\/em><em>\u00a0<\/em><\/p>\n<p><strong><em><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-30058 alignleft\" src=\"https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2020\/09\/Climate-Capital-Media-GreenMoney-Oct.20.jpg\" alt=\"Climate &amp; Capital Media-GreenMoney-Oct.20\" width=\"376\" height=\"160\" srcset=\"https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2020\/09\/Climate-Capital-Media-GreenMoney-Oct.20.jpg 750w, https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2020\/09\/Climate-Capital-Media-GreenMoney-Oct.20-300x128.jpg 300w\" sizes=\"auto, (max-width: 376px) 100vw, 376px\" \/><\/em><\/strong><\/p>\n<p>Article originally published by Climate and Capital Media. Reprinted with Permission.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p><span style=\"font-weight: 400;\">Adam Matthews, director of ethics and engagement at The Church of England Pensions Board is on the vanguard of a growing trend among activist institutional investors of all sizes who are no longer waiting for governments to tackle the world\u2019s most important and impactful environmental and social issues, particularly climate change. <\/span><\/p>\n","protected":false},"author":3,"featured_media":30337,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[312],"tags":[125,135,136,134],"class_list":["post-30250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-november-2020-aligning-faith-finances","tag-additional-articles","tag-energy-climate","tag-impact-investing","tag-sustainable-business"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Grace vs. Greed: The Church of England Steps into the Climate Breach - Green Money Old version<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grace vs. Greed: The Church of England Steps into the Climate Breach - Green Money Old version\" \/>\n<meta property=\"og:description\" content=\"Adam Matthews, director of ethics and engagement at The Church of England Pensions Board is on the vanguard of a growing trend among activist institutional investors of all sizes who are no longer waiting for governments to tackle the world\u2019s most important and impactful environmental and social issues, particularly climate change.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/test.greenmoney.com\/2025\/grace-vs-greed-the-church-of-england-steps-into-the-climate-breach\/\" \/>\n<meta property=\"og:site_name\" content=\"Green Money Old version\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cliff.feigenbaum\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-01T00:20:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-11-22T13:48:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2020\/10\/Shell-International-Solar-array-aerial.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michelle Mosser\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cliffgmj\" \/>\n<meta name=\"twitter:site\" content=\"@cliffgmj\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Michelle Mosser\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/test.greenmoney.com\/2025\/grace-vs-greed-the-church-of-england-steps-into-the-climate-breach\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/test.greenmoney.com\/2025\/grace-vs-greed-the-church-of-england-steps-into-the-climate-breach\/\"},\"author\":{\"name\":\"Michelle Mosser\",\"@id\":\"https:\/\/test.greenmoney.com\/2025\/#\/schema\/person\/f8ac105643390eb0d657dfac9c1a72ba\"},\"headline\":\"Grace vs. Greed: The Church of England Steps into the Climate Breach\",\"datePublished\":\"2020-11-01T00:20:29+00:00\",\"dateModified\":\"2020-11-22T13:48:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/test.greenmoney.com\/2025\/grace-vs-greed-the-church-of-england-steps-into-the-climate-breach\/\"},\"wordCount\":1909,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/test.greenmoney.com\/2025\/#organization\"},\"image\":{\"@id\":\"https:\/\/test.greenmoney.com\/2025\/grace-vs-greed-the-church-of-england-steps-into-the-climate-breach\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2020\/10\/Shell-International-Solar-array-aerial.jpg\",\"keywords\":[\"Additional Articles\",\"Energy &amp; Climate\",\"Impact Investing\",\"Sustainable Business\"],\"articleSection\":[\"November 2020 - Aligning Faith &amp; Finances\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/test.greenmoney.com\/2025\/grace-vs-greed-the-church-of-england-steps-into-the-climate-breach\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/test.greenmoney.com\/2025\/grace-vs-greed-the-church-of-england-steps-into-the-climate-breach\/\",\"url\":\"https:\/\/test.greenmoney.com\/2025\/grace-vs-greed-the-church-of-england-steps-into-the-climate-breach\/\",\"name\":\"Grace vs. Greed: The Church of England Steps into the Climate Breach - Green Money Old version\",\"isPartOf\":{\"@id\":\"https:\/\/test.greenmoney.com\/2025\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/test.greenmoney.com\/2025\/grace-vs-greed-the-church-of-england-steps-into-the-climate-breach\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/test.greenmoney.com\/2025\/grace-vs-greed-the-church-of-england-steps-into-the-climate-breach\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2020\/10\/Shell-International-Solar-array-aerial.jpg\",\"datePublished\":\"2020-11-01T00:20:29+00:00\",\"dateModified\":\"2020-11-22T13:48:15+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/test.greenmoney.com\/2025\/grace-vs-greed-the-church-of-england-steps-into-the-climate-breach\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/test.greenmoney.com\/2025\/grace-vs-greed-the-church-of-england-steps-into-the-climate-breach\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/test.greenmoney.com\/2025\/grace-vs-greed-the-church-of-england-steps-into-the-climate-breach\/#primaryimage\",\"url\":\"https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2020\/10\/Shell-International-Solar-array-aerial.jpg\",\"contentUrl\":\"https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2020\/10\/Shell-International-Solar-array-aerial.jpg\",\"width\":750,\"height\":500,\"caption\":\"Shell International Solar array aerial\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/test.greenmoney.com\/2025\/grace-vs-greed-the-church-of-england-steps-into-the-climate-breach\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/test.greenmoney.com\/2025\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Grace vs. Greed: The Church of England Steps into the Climate Breach\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/test.greenmoney.com\/2025\/#website\",\"url\":\"https:\/\/test.greenmoney.com\/2025\/\",\"name\":\"Green Money Old version\",\"description\":\"Covering Sustainable Business and Investing since 1992\",\"publisher\":{\"@id\":\"https:\/\/test.greenmoney.com\/2025\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/test.greenmoney.com\/2025\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/test.greenmoney.com\/2025\/#organization\",\"name\":\"GreenMoney\",\"url\":\"https:\/\/test.greenmoney.com\/2025\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/test.greenmoney.com\/2025\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2022\/02\/GreenMoney-30th-Logo.png\",\"contentUrl\":\"https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2022\/02\/GreenMoney-30th-Logo.png\",\"width\":1201,\"height\":251,\"caption\":\"GreenMoney\"},\"image\":{\"@id\":\"https:\/\/test.greenmoney.com\/2025\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/cliff.feigenbaum\",\"https:\/\/x.com\/cliffgmj\",\"https:\/\/www.linkedin.com\/in\/cliff-feigenbaum-a9b8b44\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/test.greenmoney.com\/2025\/#\/schema\/person\/f8ac105643390eb0d657dfac9c1a72ba\",\"name\":\"Michelle Mosser\",\"sameAs\":[\"http:\/\/brandnature.net\"],\"url\":\"https:\/\/test.greenmoney.com\/2025\/author\/michelle\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Grace vs. Greed: The Church of England Steps into the Climate Breach - Green Money Old version","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"Grace vs. Greed: The Church of England Steps into the Climate Breach - Green Money Old version","og_description":"Adam Matthews, director of ethics and engagement at The Church of England Pensions Board is on the vanguard of a growing trend among activist institutional investors of all sizes who are no longer waiting for governments to tackle the world\u2019s most important and impactful environmental and social issues, particularly climate change.","og_url":"https:\/\/test.greenmoney.com\/2025\/grace-vs-greed-the-church-of-england-steps-into-the-climate-breach\/","og_site_name":"Green Money Old version","article_publisher":"https:\/\/www.facebook.com\/cliff.feigenbaum","article_published_time":"2020-11-01T00:20:29+00:00","article_modified_time":"2020-11-22T13:48:15+00:00","og_image":[{"width":750,"height":500,"url":"https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2020\/10\/Shell-International-Solar-array-aerial.jpg","type":"image\/jpeg"}],"author":"Michelle Mosser","twitter_card":"summary_large_image","twitter_creator":"@cliffgmj","twitter_site":"@cliffgmj","twitter_misc":{"Written by":"Michelle Mosser","Est. reading time":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/test.greenmoney.com\/2025\/grace-vs-greed-the-church-of-england-steps-into-the-climate-breach\/#article","isPartOf":{"@id":"https:\/\/test.greenmoney.com\/2025\/grace-vs-greed-the-church-of-england-steps-into-the-climate-breach\/"},"author":{"name":"Michelle Mosser","@id":"https:\/\/test.greenmoney.com\/2025\/#\/schema\/person\/f8ac105643390eb0d657dfac9c1a72ba"},"headline":"Grace vs. Greed: The Church of England Steps into the Climate Breach","datePublished":"2020-11-01T00:20:29+00:00","dateModified":"2020-11-22T13:48:15+00:00","mainEntityOfPage":{"@id":"https:\/\/test.greenmoney.com\/2025\/grace-vs-greed-the-church-of-england-steps-into-the-climate-breach\/"},"wordCount":1909,"commentCount":0,"publisher":{"@id":"https:\/\/test.greenmoney.com\/2025\/#organization"},"image":{"@id":"https:\/\/test.greenmoney.com\/2025\/grace-vs-greed-the-church-of-england-steps-into-the-climate-breach\/#primaryimage"},"thumbnailUrl":"https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2020\/10\/Shell-International-Solar-array-aerial.jpg","keywords":["Additional Articles","Energy &amp; Climate","Impact Investing","Sustainable Business"],"articleSection":["November 2020 - Aligning Faith &amp; Finances"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/test.greenmoney.com\/2025\/grace-vs-greed-the-church-of-england-steps-into-the-climate-breach\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/test.greenmoney.com\/2025\/grace-vs-greed-the-church-of-england-steps-into-the-climate-breach\/","url":"https:\/\/test.greenmoney.com\/2025\/grace-vs-greed-the-church-of-england-steps-into-the-climate-breach\/","name":"Grace vs. Greed: The Church of England Steps into the Climate Breach - Green Money Old version","isPartOf":{"@id":"https:\/\/test.greenmoney.com\/2025\/#website"},"primaryImageOfPage":{"@id":"https:\/\/test.greenmoney.com\/2025\/grace-vs-greed-the-church-of-england-steps-into-the-climate-breach\/#primaryimage"},"image":{"@id":"https:\/\/test.greenmoney.com\/2025\/grace-vs-greed-the-church-of-england-steps-into-the-climate-breach\/#primaryimage"},"thumbnailUrl":"https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2020\/10\/Shell-International-Solar-array-aerial.jpg","datePublished":"2020-11-01T00:20:29+00:00","dateModified":"2020-11-22T13:48:15+00:00","breadcrumb":{"@id":"https:\/\/test.greenmoney.com\/2025\/grace-vs-greed-the-church-of-england-steps-into-the-climate-breach\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/test.greenmoney.com\/2025\/grace-vs-greed-the-church-of-england-steps-into-the-climate-breach\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/test.greenmoney.com\/2025\/grace-vs-greed-the-church-of-england-steps-into-the-climate-breach\/#primaryimage","url":"https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2020\/10\/Shell-International-Solar-array-aerial.jpg","contentUrl":"https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2020\/10\/Shell-International-Solar-array-aerial.jpg","width":750,"height":500,"caption":"Shell International Solar array aerial"},{"@type":"BreadcrumbList","@id":"https:\/\/test.greenmoney.com\/2025\/grace-vs-greed-the-church-of-england-steps-into-the-climate-breach\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/test.greenmoney.com\/2025\/"},{"@type":"ListItem","position":2,"name":"Grace vs. Greed: The Church of England Steps into the Climate Breach"}]},{"@type":"WebSite","@id":"https:\/\/test.greenmoney.com\/2025\/#website","url":"https:\/\/test.greenmoney.com\/2025\/","name":"Green Money Old version","description":"Covering Sustainable Business and Investing since 1992","publisher":{"@id":"https:\/\/test.greenmoney.com\/2025\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/test.greenmoney.com\/2025\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/test.greenmoney.com\/2025\/#organization","name":"GreenMoney","url":"https:\/\/test.greenmoney.com\/2025\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/test.greenmoney.com\/2025\/#\/schema\/logo\/image\/","url":"https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2022\/02\/GreenMoney-30th-Logo.png","contentUrl":"https:\/\/test.greenmoney.com\/2025\/wp-content\/uploads\/2022\/02\/GreenMoney-30th-Logo.png","width":1201,"height":251,"caption":"GreenMoney"},"image":{"@id":"https:\/\/test.greenmoney.com\/2025\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/cliff.feigenbaum","https:\/\/x.com\/cliffgmj","https:\/\/www.linkedin.com\/in\/cliff-feigenbaum-a9b8b44\/"]},{"@type":"Person","@id":"https:\/\/test.greenmoney.com\/2025\/#\/schema\/person\/f8ac105643390eb0d657dfac9c1a72ba","name":"Michelle Mosser","sameAs":["http:\/\/brandnature.net"],"url":"https:\/\/test.greenmoney.com\/2025\/author\/michelle\/"}]}},"_links":{"self":[{"href":"https:\/\/test.greenmoney.com\/2025\/wp-json\/wp\/v2\/posts\/30250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/test.greenmoney.com\/2025\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/test.greenmoney.com\/2025\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/test.greenmoney.com\/2025\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/test.greenmoney.com\/2025\/wp-json\/wp\/v2\/comments?post=30250"}],"version-history":[{"count":0,"href":"https:\/\/test.greenmoney.com\/2025\/wp-json\/wp\/v2\/posts\/30250\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/test.greenmoney.com\/2025\/wp-json\/wp\/v2\/media\/30337"}],"wp:attachment":[{"href":"https:\/\/test.greenmoney.com\/2025\/wp-json\/wp\/v2\/media?parent=30250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/test.greenmoney.com\/2025\/wp-json\/wp\/v2\/categories?post=30250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/test.greenmoney.com\/2025\/wp-json\/wp\/v2\/tags?post=30250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}