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June 23, 2015

Lutheran World Federation to refrain from fossil fuel investments

The Lutheran World Federation (LWF), a communion of Lutheran churches has decided not to invest in fossil fuels any further and has called on its member churches in Switzerland to do the same, in order to meet its climate commitment.

Lutheran World Federation

The Lutheran World Federation (LWF), a communion of Lutheran churches has decided not to invest in fossil fuels any further and has called on its member churches in Switzerland to do the same, in order to meet its climate commitment.

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As a part of its long-standing pledge to preserve environment, the federation has urged its members and associated institutions ‘to support energy efficiency and renewable energy companies’ instead.

The council intends to turn carbon neutral by 2050.

LWF said: "Through this decision, we seek coherence and wish to send a strong moral signal that the world needs to operate a transformational change towards a low-carbon economy, phasing out fossil fuels and phasing in renewable energies by the middle of this century."

"LWF has urged its members and associated institutions ‘to support energy efficiency and renewable energy companies’."

LWF general secretary Rev Dr Martin Junge said: "It is an important milestone and we trust as a faith-based community we are making our own contribution within our one human family to address the challenge of climate change affecting our one common household."

Specific member churches under LWF and the World Council of Churches have already decided against investment in fossil fuels companies.

The decision, which is in line with a global movement, is being backed by United Nations Framework Convention on Climate Change (UNFCC).

Martin Junge said: "As a Lutheran Communion, we understand climate change as an issue of justice, peace, care for creation and protection for all peoples everywhere.

"We raise a special concern for the most vulnerable, in particular the poor, the indigenous people, and the voiceless."


Image: LWF Councillors vote to not invest in fossil fuels. Photo courtesy of LWF / S Gallay.

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Free Report
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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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