| Resolution Number: | 2000-C039 |
|---|---|
| Title: | Commend CPF on Union Dispute and Urge Socially Responsible Investments |
| Legislative Action Taken: | Concurred as Amended |
| Final Text: | |
Resolved, That the 73rd General Convention commend the Church Pension Fund for its constructive participation in the solution in 1998 of a long-standing dispute involving low wage janitors in Washington, D.C. and their desire for a union; and be it further
Resolved, That the 73rd General Convention strongly encourage the Church Pension Fund to continue and increase its involvement in stockholder actions and other means to encourage the companies in its portfolio toward more social responsibility, thus following the good example of the Committee on Social Responsibility in Investments of the Executive Council of the Episcopal Church; and be it further
Resolved, That the 73rd General Convention urge all dioceses, congregations, and institutions of this Church to exercise similar social responsibility in their investments.
| Citation: | General Convention, Journal of the General Convention of...The Episcopal Church, Denver, 2000 (New York: General Convention, 2001), p. 356. |
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Legislative History
| Author: | |
|---|---|
| Originating House: | House of Deputies |
| Originating Committee: | Committee on Church Pension Fund |
House of Deputies
Original Text of Resolution:
(C039)
Resolved, the House of Bishops concurring, That the 73rd General Convention commend the Church Pension Fund for its constructive participation in the solution of a long-standing dispute in 1998 involving low wage janitors in Washington, D.C. and their desire for a union; and be it further
Resolved, That the 73rd General Convention strongly encourage the Church Pension Fund to continue and increase its involvement in stockholder actions and other means to encourage the companies in its portfolio toward more social responsibility, thus following the good example of the Committee on Social Responsibility in investments of the Executive Council of the Episcopal Church.
Deputy Cox of Southwestern Virginia moved to amend the resolution.
Proposed Amendment:
Add a third paragraph "and be it further Resolved, That the 73rd General Convention urge all dioceses, congregations, and institutions of this Church to exercise similar social responsibility in their investments."
Debate followed on the Cox amendment.
A vote was taken on the Cox amendment.
Motion carried
Amendment adopted
Deputy Mann of Texas moved to amend the resolution as amended.
Proposed Amendment:
Add after the word "actions" in the second paragraph, the words "excluding class action lawsuits".
A vote was taken on the Mann amendment.
Motion defeated
Amendment defeated
A vote was taken on Resolution C039 as amended.
Motion carried
Resolution adopted with amendment
(Communicated to the House of Bishops in HD Message #110)
House of Bishops
The House of Bishops Committee on Church Pension Fund presented its Report #9 on HD Message #110 on Resolution C039 (On Church Pension Fund Investments) and moved concurrence.
The House concurred
(Communicated to the House of Deputies in HB Message #268)
Resolution Concurred by Both Houses, July 14.
| Abstract: | The 73rd General Convention commends and encourages the Church Pension Fund to continue stockholder actions and urges other Church entities to exercise similar responsibility in their investments. |
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