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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
The People's Bank of China says it will start allowing people in China to use the country's new digital currency, the Digital Yuan, to buy goods and services starting next month, the BBC...more
When it comes to corporate social responsibility, India's government and public sector companies are at the top of the list.
But when it comes to companies of all sizes, they're at the bottom,...more
The world's biggest state investors are getting into the business of making positive social and environmental impact investments.
Singapore's Temasek Holdings, one of the world's largest state...more
"Our long-term vision is to see every dollar invested globally as a net positive for people and planet."
So says Niklas Adalberth, the founder of Norrsken Foundation, which operates Norrsken VC,...more
When it comes to giving back to the communities in which they operate, India's companies are in a race against time to up their game.
A new survey from Deloitte finds that just 28% of companies...more
Indian companies are spending more and more on philanthropic efforts.
A survey of 185 companies by accounting and consulting firm Deloitte found that 25% of them spend more than $100 million a...more
Indian companies are spending more and more time thinking about how to make a positive impact on the world around them, the Economic Times reports.
According to a survey of 185 companies by...more
During the Covid-19 virus, many businesses took a hard look at how they do business and realized they needed to do more to attract and retain top talent, Forbes reports.
According to a report...more
"We've noticed that there are a wide variety of investment opportunities that can truly be transformative for women's and children's health and have confirmed, time and time again, that without...more
Italian crowdfunding site Ener2Crowd has just launched a new service called FidoGreen, which it says is the first "sustainable finance platform for sustainable investments," Quartz...more
Social Entrepreneurship
Spotlight
Celebrity Chef Jamie Oliver Backs Social Saturday
UK will be celebrating its first national celebration of social enterprises dubbed as Social Saturday. World famous celebrity chef Jamie Oliver, who founded the Fifteen restaurant chain.
