Palestine Solidarity and Another, Regina (on The Application of) v Secretary of State for Housing, Communities and Local Government: SC 29 Apr 2020

The court considered the extent on trustees of an obligation to invest in an ethical manner.
Lord Carnwath said that trustees: ‘may take non-financial considerations into account – ‘provided that doing so would not involve significant risk of financial detriment to the scheme and where they have good reason to think that scheme members would support their decision.”

Judges:

Lady Hale, Lord Wilson, Lord Carnwath, Lady Arden, Lord Sales

Citations:

[2020] UKSC 16, [2020] Pens LR 20, [2020] ICR 1013, [2020] 1 WLR 1774, [2020] HRLR 15, [2020] 4 All ER 347

Links:

Bailii, Bailii Summary

Jurisdiction:

England and Wales

Cited by:

CitedButler-Sloss and Others v The Charity Commission for England and Wales and Another ChD 29-Apr-2022
Principles allowing Ethical Investment by Trustees
Should charities, whose principal purposes are environmental protection and improvement and the relief of poverty, be able to adopt an investment policy that excludes many potential investments because the trustees consider that they conflict with . .
Lists of cited by and citing cases may be incomplete.

Financial Services, Trusts

Updated: 07 May 2022; Ref: scu.650486