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"I am deeply sorry for these links," Archbishop of Canterbury Justin Welby says in a statement.
"It is now time to take action to address our shameful past."
The Church of England's predecessor, the Church Commissioners, received funds linked to slavery worth more than $1 billion, according to the Pioneers Post.
The new fund will be used "to invest for a better and fairer future for all, particularly for communities affected by historic slavery," Welby says.
The Church Commissioners manage some $10 billion in assets, including real estate and company shares, and use the returns to support the church's ministry.
The new fund will be overseen by a new oversight group with "significant membership from communities impacted by historic slavery," the Church of England says.Selected Grant News Headlines
"World Calls on China to Lead": Urgent Climate Demands Escalate Ahead of Pivotal Global Sustainability Transition Conference.China is positioned to lead global climate action with its dominance in...more
Report outlines four high-impact intervention areas from education and prevention to surveillance and treatment to guide funders and partners.AMR could cost Asia up to US$700 billion by 2050 and...more
The McGregor Lakes Area Foundation (MLAF) continues to make a meaningful impact by investing in the people and programs that strengthen the region.MLAF is a non-profit 501(c)3 organization based in...more
Leuven's Pilot City Activity aims to decarbonise heating in the city.The new heating systems will rely on green heating technologies that minimise environmental impact by reducing fossil fuel...more
National Planning Secretary Koney Samuel says the government must focus on high impact investments to transform the economy in the next five to 10 years.Mr Samuel said the country cannot afford to...more
ABC Impact, the Asia-focused impact investment firm, has successfully completed the final closing of its second fund at over USD 600 million.ADB's investment in ABC Impact Fund II reflects our...more
Game-changing heart health innovations pitched live at inaugural Catalyst Partnership Grants Showcase.The two-day event, held at the Grand Hyatt on 25 26 March, brought together more than 300 people...more
'Crucial for climate impact': Ag startups from APAC sought for new accelerator programme.Ten founders will be selected, with the programme culminating in a demo day on Thursday, November 6 in...more
ABC Impact's 2024 Impact Review highlights the firm's continued growth and strategic focus across sectors vital to Asia's sustainable development.The firm remains committed to deploying capital into...more
Impact in listed equities can deliver competitive returns, report says.Report by Schroders and the Said Business School.Findings challenge the assumption that purpose-driven investing requires...more
Social Entrepreneurship
Spotlight
When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.
