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C of E's unveils moral guidance for shareholders to consider when investing in big tech companies

by Alex Collett

The Church of England's Ethical Investment Advisory Group (EIAG) has published a report giving advice on how best to approach investing in big technology companies.

The report recommends technology companies make public commitments such as verifiable transparency, promotion of human centred design, enabling the flourishing of children and other vulnerable groups and a fostering a tech eco-system that serves the common good. 

Bishop of Manchester, Dr David Walker, deputy chair of the EIAG, said: "This report addresses important issues about how technology influences our lives, including the most vulnerable among us. 

"We recognise it can take years to fully understand how technology shapes how we work, play and interact with each other - only very recently has the full impact of technology become clear. 

"Investors like the Church's National Investing Bodies can play a role in working with technology companies to ensure they take a human-centred approach, giving users more control and being transparent about their working practices. 

"I am looking forward to discussing this critically important issue in the House of Lords when the Online Safety Bill is debated."

The report is available to responsible investors who can refer to it as they develop policies about investing in technology companies. 

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