BLESSED GREEN INVESTMENT

  FP:  It was half a world away, but what the General Synod of the Church of England decided one week back about investing and climate change brought a smile to the executives at Genus Capital, a Vancouver-based money manager.
  The church, which employs managers to invest US$12 billion in assets, passed a two-part motion: It will continue to engage with companies rather than prematurely disinvesting from them and assess their progress by 2023; after that it will disinvest from any companies not on track to meet the aims of the Paris Agreement.
  “Synod’s vote makes clear that the Church must play a leading role and exercise its moral leadership on the urgent issue of climate change,” the church said.