| Resolution Number: | 2018-C021 |
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| Title: | Call for Shareholder Advocacy for Environmental Impact |
| Legislative Action Taken: | Concurred as Amended |
| Final Text: | |
Resolved, That the 79th General Convention of The Episcopal Church call upon the Executive Council Committee on Corporate Social Responsibility (CCSR), in conjunction with the Church Pension Fund, to identify 10 companies within our portfolio that significantly impact the environment, and initiate shareholder engagement to advocate for the inclusion of an expert in sustainability on their boards; and be it further
Resolved, That the General Convention make this a priority for the triennium as the Stewardship of Creation pillar of the Jesus Movement by authorizing an expense of $15,000 to be treated as investment management expenses.
| Citation: | General Convention, Journal of the General Convention of...The Episcopal Church, Austin, 2018 (New York: General Convention, 2018), p. 1092. |
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Legislative History
| Author: | California |
|---|---|
| Originating House: | House of Deputies |
| Originating Committee: | Stewardship & Socially Responsible Investing |
House of Deputies
The House of Deputies Committee on Stewardship and Socially Responsible Investing presented its Report #15 on Resolution C021 (Climate Change and Additional Support for EC Committee on Corporate Social Responsibility) and moved adoption with amendment.
Original Text of Resolution:
(C021)
Resolved, the House of Bishops concurring, That the 79th General Convention of The Episcopal Church call upon the Executive Council and its Committee on Corporate Social Responsibility (CCSR), in conjunction with the Church Pension Fund, to identify 10 companies significantly impacting the environment, and be either the primary filer or co-filer for shareholder resolutions creating a designated climate scientist position on their boards of directors; and be it further
Resolved, That the General Convention budget make this a priority for the triennial as the Stewardship of Creation pillar of the Jesus Movement by allocating $12,000 - $15,000 in addition to CCSR’s budget for implementation.
Committee Amendment:
Resolved, the House of Bishops concurring, That the 79th General
Convention of The Episcopal Church call upon the Executive Council and
its Committee on Corporate Social Responsibility (CCSR), in
conjunction with the Church Pension Fund, to identify 10 companies within
our portfolio that significantly impacting the
environment, and initiate shareholder engagement to advocate for the
inclusion of an expert in sustainability be either the primary
filer or co-filer for shareholder resolutions creating a designated climate
scientist position on their boardsof directors; and
be it further
Resolved, That the General Convention budget make
this a priority for the triennium as the Stewardship of Creation pillar of the
Jesus Movement by authorizing an expense of $15,000 to be treated as
investment management expenses. allocating $12,000 - $15,000 in
addition to CCSR’s budget for implementation
Motion carried
Resolution adopted with amendment
(Communicated to the House of Bishops in HD Message #247)
House of Bishops
The House of Bishops Committee on Stewardship and Socially Responsible Investing presented its Report #7 on HD Message #247 on Resolution C021 (Climate Change and additional support for EC Committee on Corporate Social Responsibility) and moved concurrence.
Motion carried
The House concurred
(Communicated to the House of Deputies in HB Message #402)
Resolution Concurred by Both Houses, July 13.
| Abstract: | The 79th General Convention calls upon the Executive Council Committee on Corporate Social Responsibility and the CPF to identify ten companies in the church’s portfolio with a significant environmental impact and advocate for them to include a sustainability expert on their boards. |
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