ACAP III - Assets Management through Ethical Investments
On 21 May 2019, Globethics.net commenced the third phase of its African Church Assets Programme (ACAP). The event brought together 29 leaders and individuals from various religious and educational institutions for a three-day event composed of capacity building and ethical development.
The first ACAP was launched in March 2016 with the aim to help leaders in church institutions (such as educational centres, health care services, seminaries, etc.) to build practical capacities in a climate of strong accountability and transparency in the management of assets and resources. ACAP II, held in September 2017, followed up the developments made by participants and, in particular, recognised the need for further training on responsible asset management and the need to establish a more concrete governance module for church leaders to develop their assets. The presentations and outcomes of both events have published in two separate reports.
ACAP III focuses on capacity building. Participants will learn about ethical investments, the identification of church funds that are available for investment and potential church projects that may be attractive to external investors. This third phase aims to equip churches and CROs with the necessary information to ensure that their own offers for investors are robust and compliant with reporting and accountancy standards and to build and develop diversified, ethical investment portfolios. Leaders of churches and CROs will be exposed to education about ethical investments, receive further skills, resources and training that strengthen the awareness of and need for ethical investments in assets and provide opportunities for networking.
Group photo of the ACAP III participants
Speaking about the event, Dr Obiora Ike, Globethics.net Executive Director shared that 'we particularly like the challenge that the ACAP workshop offers to Church leaders and CROs—to take the bull by the horns and establish guiding principles for ethical investments for the African continent with impact on social and political landscapes and sectors.'
The ACAP project is a result of cooperation between globethics.net, Bread for the World and All African Conference of Churches.The outcomes and presentations of the workshop will be published in a report expected to be released later this year.