Monday, February 25, 2013

Anglican Communion News Service: Ethical investment policy on GMOs adopted

Anglican Communion News Service: Ethical investment policy on GMOs adopted

The Church of England national investing bodies will actively use their position as investors to encourage a precautionary approach to genetic modification (GM), having adopted an updated and more detailed ethical investment policy on genetically modified organisms (GMOs).

The policy, on the advice of the Church’s Ethical Investment Advisory Group (EIAG), allows for investment in companies developing and marketing GMOs where there is satisfactory assurance on, and confidence in, ethical standards.  Agricultural land and timberland will have to pass GM due diligence tests to be included in investments.  The conduct of GM field trials on land owned by the national investing bodies would be inconsistent with the policy.

James Featherby, Chair of the EIAG, said: “There is no single Christian perspective on genetic modification.  The EIAG recognises the potential benefits of responsibly conducted GM such as pest resistance, vitamin supply, and improved resilience to drought, frost and saline conditions.

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