CoE to vote against mining company chairs over dam safety

The Church of England Pensions Board said on Tuesday it planned to vote against the re-election of company chairs of 183 mining companies unless they sign up to a new global standard on managing mine waste.

1/25/2022 3:30:00 AM

The Church of England Pensions Board said on Tuesday it planned to vote against the re-election of company chairs of 183 mining companies unless they sign up to a new global standard on managing mine waste.

The Church of England Pensions Board said on Tuesday it planned to vote against the re-election of company chairs of 183 mining companies unless they sign up to a new global standard on managing mine waste.

. Neither was immediately available to comment to Reuters.Adam Matthews, Chief Responsible Investment Officer for the Church of England Pensions Board, which looks after $5 billion in assets, said that as a first step the Church would vote against the chair of companies that have not signed.

It is also urging others in the 100-strong group of investors to do the same.Tailings safety is a risk not just to communities and the environment, but to investors and the Church was not confident it is being adequately addressed, Matthews said in a statement.

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Well, that should change their minds. Is the Church of England real?

(MT.LU) . Neither was immediately available to comment to Reuters. Adam Matthews, Chief Responsible Investment Officer for the Church of England Pensions Board, which looks after $5 billion in assets, said that as a first step the Church would vote against the chair of companies that have not signed. It is also urging others in the 100-strong group of investors to do the same. Tailings safety is a risk not just to communities and the environment, but to investors and the Church was not confident it is being adequately addressed, Matthews said in a statement. "If the chair of a board does not see this as a major risk that requires the highest standards of operation, then they themselves pose a risk to us as a shareholder in that company," he said. "As a first step, we will vote against the chair of those companies and are considering shareholder resolutions." Seventy-nine of the world's biggest miners, including BHP