Faith and Money

‘Where your treasure is, there will your heart be also’

(Matthew 6:21)

In the quote above, Jesus neatly demonstrating that our relationship with money and the whole economic system reveals a great deal about what matters to us, as individuals and as a society.

The Ethical Investment Advisory Group operates alongside the Investment Committee – striving to ensure that the church’s money is put to work in ways that accord with our own principles, whilst acting as a responsible steward of resources to further the mission of the church.

Finance: what’s faith got to do with it? – Putting your money to work ethically is a conference open to all, to be held at Cardiff University on Saturday October 26, in partnership between the Church in Wales, ECCR (Ecumenical Council for Corporate Responsibility), Shared Interest, and Cymru Masnach Deg/Fair Trade Wales.

Credit Unions hit the headlines in July 2013 when the Church of England’s Archbishop of Canterbury vowed to make them so successful with church assistance that they’d put payday lenders out of business. From 1998-2004 the Church in Wales funded a Credit Union Development Worker, in partnership wit the Presbyterian Church of Wales and the Wales Co-operative Centre. Many of the 21 Credit Unions in Wales maintain links with the church through members, volunteers, Board members and sharing premises.
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‘Crisis? What Crisis?’ was the title of the Bishops’ Symposium in October 2012, which explored the origins and impact of the recent financial crisis. Bishops and theologians engaged in dialogue with experts from a variety of economic disciplines. Professor Scott Newton of Cardiff University launched the day with an erudite but accessible account of the historical context, followed by an insider’s view of the financial crisis (with punchlines) from Dr Meirion Morgan; and Dr Eve Poole shared her top tips on how to wing it confidently and theologically with business leaders. Welsh Government Chief Economist Jonathan Price took us through the situation in Wales and what might be done about it, and the day was rounded off by Rhodri Morgan, who from an extraordinary breadth of knowledge and experience gave us hope for the future that doesn’t involve turning back the clock.