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Epworth first fund manager to be awarded Fair Tax Mark

News Team, 21/09/2020

Epworth Investment Management, has secured its first Fair Tax Mark certification, and joins the growing movement of responsible businesses who 'say what they pay with pride'.

Epworth Investment Management is an investment manager dedicated to serving the needs of Churches and Charities. They are stewards of their investors’ money and carefully select investments using Christian ethical criteria. Epworth is wholly owned by the Central Finance Board of the Methodist Church, which was founded in 1960.

The Fair Tax Mark is an independent certification, which recognises organisations that demonstrate they are paying the right amount of corporation tax in the right place, at the right time. More than 50 businesses have now been certified. These include national brands such as Timpson, Lush, and Richer Sounds, FTSE listed companies including SSE and Marshalls Plc., as well as co-operatives, family businesses and social enterprises.

Epworth Investment Management has developed a clear responsible tax policy and is committed to transparency. This includes being open regarding its lobbying on taxation matters and foregoing influencing governmental tax legislation in any way that is detrimental to its stakeholders’ best interests. They are also at the leading edge, globally, of engagement with investees on responsible tax conduct.

David Palmer, Chief Executive, Epworth Investment Management, commented: “Responsible investing is at the heart of what we do, and I am pleased to say that Epworth Investment Management has taken all of the necessary steps to ensure it is responsible and transparent on tax. We will not stop there however. We are committed to the Fair Tax Mark, and shall encourage our investee companies to secure this certification as well”.

Paul Monaghan, Chief Executive, Fair Tax Mark, said: “We are delighted to announce that Epworth Investment Management is the first fund manager in the UK to achieve the Fair Tax Mark. They are walking the talk and have thrown the gauntlet down to other asset managers, in terms of both operational conduct and securing change among investees.”

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