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Title: The Church threatens to pull supermarket investments over bargain booze [UK]

Visit: The Church threatens to pull supermarket investments over bargain booze [UK] Author: Evening Standard
Dated: 29 Jun 2011

The Church of England could threaten to pull its investments from supermarkets which fail to meet minimum standards on the sale of alcohol as part of a new "carrot-and-stick" policy?New tests of corporate responsibility are to be introduced?to judge whether it will invest in companies with more than 5% of turnover from the production and sale of alcohol?.A Church spokesman said the minimum standards would test whether companies were engaging "sensibly" with the Government to mitigate the harmful effects of alcohol through measures such as labelling, marketing and pricing and promotion?An advisory group of experts from health?order charities will help implement the policy...Professor Richard Burridge?of the EIAG?insisted that the Church of England could have an impact on policy as was shown in the decision to abandon ?3.8 million of shares last year in mining company Vedanta Resources over ethical concerns.

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