ENGLISH CHURCHES AND SOCIAL IMPACT INVESTMENT – For centuries, Catholic institutions have been at the forefront of fielding social impact workforce. But only recently has this movement reached out to Catholic investors, so much so that they founded the Catholic Impact Investive Collaborative (CIIC), an international coalition of more than 40 Catholic organizations pursuing positive social impact. CIIC was established in November 2014. An “informal” space where people can meet, share a meal and stories, and build relationships based on their spiritual and financial commitment to impact investing. What began as a small group of concerned individuals has now grown into a community of stakeholders, investors and faith-based groups. Together, they are catalyzing new resources to empower those in need and take action to create a better and sustainable world.
Catholic institutions and social impact investing
CIIC’s mission is to support Catholic institutions by creating a community within which to share resources, connections and learning about Catholic impact investing. In October 2019, it launched the Catholic Impact Investing Pledge, which is committed to furthering this initiative given the pressing need for action on environmental and social justice issues.
English churches and social impact investing
The Church of England recently announced the appointment of Vanessa Morphet as head of Social Impact Investment in Mission and Public Affairs at Church House, Westminster. The goal is to lead the Church of England to become a successful social impact investor. Making £16 million available for investment aimed at deep positive impact. Key themes include financial inclusions, affordable and safe housing, and the environment.
Words from Vanessa Morphet, Head of Social Impact Investment
“The Church of England has a leading reputation in ethical and responsible investing. This is an exciting opportunity to build a new social investment strategy and portfolio. This is so we can support innovate and impactful organizations to address social challenges aligned with the Church’s mission. I look forward to working within the Church and with the social investment industry to more effectively utilize this valuable impact capital.”