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CC Updated guidance on responsible investment sees mixed reviews

Charities and investment advisers held mixed views on the Charity Commission’s draft responsible investment guidance update, according to a summary of consultation responses.

The regulator ran a six week public consultation in April and May this year.

It was designed to address feedback, obtained in an earlier listening exercise, that the commission’s investment guidance did not sufficiently assure trustees that they can decide to take a responsible investment approach.

The consultation asked for views on the clarity of a draft guidance update that sets out the legal framework for financial investment, including responsible investment.

It received 211 responses, 173 of which were from charities ranging in size from large to small.

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