No Cover Image

Journal article 139 views 25 downloads

CC14 guidance update: greener investments, greater uncertainty?

Lloyd Brown

Trusts & Trustees, Volume: 29, Issue: 10

Swansea University Author: Lloyd Brown

  • 65000.VOR.pdf

    PDF | Version of Record

    © The Author(s) (2023). Published by Oxford University Press. Distributed under the terms of a Creative Commons Attribution 4.0 International License (CC BY 4.0).

    Download (150.77KB)

Check full text

DOI (Published version): 10.1093/tandt/ttad085

Abstract

This article examines the newly released Charity Commission guidance, known simply as the “CC14”. The CC14 provides investment guidance to the charity sector and has recently been renewed following the case of Butler-Sloss & Ors v The Charity Commission for England and Wales & Anor [2022] EW...

Full description

Published in: Trusts & Trustees
ISSN: 1363-1780 1752-2110
Published: Oxford University Press (OUP) 2023
Online Access: Check full text

URI: https://cronfa.swan.ac.uk/Record/cronfa65000
Tags: Add Tag
No Tags, Be the first to tag this record!
Abstract: This article examines the newly released Charity Commission guidance, known simply as the “CC14”. The CC14 provides investment guidance to the charity sector and has recently been renewed following the case of Butler-Sloss & Ors v The Charity Commission for England and Wales & Anor [2022] EWHC 974 (Ch). In Butler-Sloss, the High Court was asked to determine whether charitable trustees could deploy an investment plan that aligned with the Paris Agreement and excluded investments that contributed to climate change. Mr Michael Green J ruled that such an “ethical” investment plan was lawful. Following Butler-Sloss, the CC14’s use of “social investment” may indeed encourage “greener” investment opportunities amongst charitable trustees, in that the advice attempts to bring charitable trustee investment more in line with modern investment practices. However, this work opines that the guidance could be actively encouraging environmentally inspired investments at the expense of the sacrosanct fiduciary duty of investment.
Keywords: CC14, Charity Commission, charity sector, charitable trustees, greener investment
College: Faculty of Humanities and Social Sciences
Funders: Swansea University
Issue: 10

Similar Items