The Bristol Diocesan Board of Finance (DBF) is divesting from fossil fuel companies. It is committed to maintaining its investments free of holdings in coal, oil and gas in future.
The Rt Rev’d Vivienne Faull, Bishop of Bristol said: “In taking seriously our response to the climate emergency, I’m pleased to be able to share the news that the DBF has made a commitment to disinvest from fossil fuels. Care for creation is a core mark of mission for the Church, and this is an important step towards realising our net zero carbon aims.”
The DBF has already divested its main investments from any company that derives more than 10% of its revenue from the extraction, production or refining of coal, oil and gas, and will reinvest in alternative funds.