| Resolution Number: | 2022-A073 |
|---|---|
| Title: | Encourage Adoption of Ethical and Responsible Investment Programs |
| Legislative Action Taken: | Concurred as Amended |
| Final Text: | |
Resolved, That the 80th General Convention affirm to all institutional investors across the Church the value and importance of faithful and ethical investing (defined as investing institutional assets consistently with the Church’s faith and teachings and the Church’s mission) and responsible investing (defined as addressing, ethical concerns for social, environmental and governance matters, including climate change and human rights); and be it further
Resolved, That all institutional investors across The Episcopal Church be encouraged to adopt faithful and ethically responsible investing for their investment programs and portfolios and to manage their investment assets using the following elements of ethically responsible investing: ethical and theological guidelines for investment selection and management; shareholder engagement, including voting proxies; and investing for responsible social and environmental outcomes as well as for financial return.
| Citation: | General Convention, Journal of the General Convention of...The Episcopal Church, Baltimore, 2022 (New York: General Convention, 2023), p. 446. |
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Legislative History
| Author: | Task Force on Theology of Money |
|---|---|
| Originating House: | House of Bishops |
| Originating Committee: | Stewardship and Socially Responsible Investing |
House of Bishops
The House of Bishops Committee on Stewardship and Socially Responsible Investing presented its Report #3 on Resolution A073 (Encouraging Faithful, Ethical, and Responsible Investing) and moved adoption with amendment.
Original Text of Resolution:
(A073)
Resolved, the House of Deputies concurring,
That the 80th General Convention affirm to all institutional investors in the Church the value and importance of faithful and ethical investing (defined as investing institutional assets consistently with the Church’s faith and teachings and the Church’s mission) and responsible investing (defined as addressing, ethical concerns for social, environmental and governance matters, including climate change and human rights); and be it further
Resolved, That all institutional investors in The Episcopal Church be encouraged to adopt faithful and ethical investing and responsible investing for their investment programs and portfolios and to manage their investment assets using the following elements of responsible investing: ethical and theological guidelines for investment selection and management; shareholder engagement, including voting proxies; and investing for responsible social and environmental outcomes as well as for financial return.
Committee Amendment:
Resolved, the House of Deputies concurring,
That the 80th General Convention affirm to all institutional investors across in
the Church the value and importance of faithful and ethical investing
(defined as investing institutional assets consistently with the
Church’s faith and teachings and the Church’s mission) and responsible
investing (defined as addressing, ethical concerns for social,
environmental and governance matters, including climate change and human
rights); and be it further
Resolved, That all institutional investors across in The Episcopal Church be encouraged to adopt faithful and ethical investing and ethically
responsible investing for their investment programs and portfolios and
to manage their investment assets using the following elements of ethically responsible
investing: ethical and theological guidelines for investment selection
and management; shareholder engagement, including voting proxies; and
investing for responsible social and environmental outcomes as well as
for financial return.
Motion carried
Resolution adopted with amendment
(Communicated to the House of Deputies in HB Message #24)
House of Deputies
The House of Bishops Committee on Stewardship and Socially Responsible Investing presented its Report #10 on HD Message #24 on Resolution A073 (Encouraging Faithful, Ethical, and Responsible Investing) and moved concurrence.
Motion carried
The House concurred
(Communicated to the House of Bishops in HD Message #194)
Resolution Concurred by Both Houses, July 10.
| Report Reference: | Task Force on Theology of Money, Reports to the 80th General Convention, 2022, pp. 835-937. |
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| Abstract: | The 80th General Convention affirms the value of faithful, ethical, and responsible investing and encourages institutional investors across The Episcopal Church to adopt faithful and ethical investing practices for their investment programs and portfolios. |