| Resolution Number: | 2018-B007 |
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| Title: | Develop a Shareholder Plan to Affect Gun Manufacturers and Retailers |
| Legislative Action Taken: | Concurred as Amended |
| Final Text: | |
Resolved, That the 79th General Convention direct the Executive Council Committee on Corporate Social Responsibility to develop and implement a shareholder engagement plan by which dioceses, church organizations, and individual Episcopalians investing in the publicly traded stock of gun manufacturers and retailers could act to effect change in these companies through the practices of shareholder advocacy to do everything in their power to minimize lethal and criminal uses of their products, and be it further
Resolved, That the 79th General Convention commend to the church the Mosbacher-Bennett Principles for Investors in the Gun Industry developed by Do Not Stand Idly By.
| Citation: | General Convention, Journal of the General Convention of...The Episcopal Church, Austin, 2018 (New York: General Convention, 2018), p. 1055. |
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Legislative History
| Author: | The. Rt. Rev. Douglas Fisher |
|---|---|
| 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 #11 on Resolution B007 (Ethical Investing in Gun Manufacturers) and moved adoption with amendment.
Original Text of Resolution:
(B007)
Resolved, the House of Bishops concurring, That the 79th General Convention encourage dioceses, church organizations and individual Episcopalians to practice shareholder engagement by investing in the publicly traded stock of gun manufacturers and retailers in order to encourage these companies to do everything in their power to minimize lethal and criminal uses of their products; and be it further
Resolved, That the 79th General Convention commend to the church the Mosbacher-Bennett Principles for Investors in the Gun Industry developed by Do Not Stand Idly By.
Committee Amendment:
Resolved, the House of Bishops concurring, That the 79th General
Convention encourage dioceses, church organizations and individual
Episcopalians to practice shareholder engagement by investing in the publicly
traded stock of gun manufacturers and retailers in order to encourage these
companies direct the Executive Council Committee on Corporate
Social Responsibility to develop and implement a shareholder engagement plan by
which dioceses, church organizations, and individual Episcopalians investing in
the publicly traded stock of gun manufacturers and retailers could act to
effect change in these companies through the practices of shareholder
advocacy to do everything in their power to minimize lethal and criminal
uses of their products; and be it further
Resolved, That the 79th General Convention commend to the church the Mosbacher-Bennett Principles for Investors in the Gun Industry developed by Do Not Stand Idly By.
Point of Order
Deputy Read of West Texas inquired about the content of the Mosbacher-Bennett Principles for Investors in the Gun Industry.
The President moved to delay consideration on Resolution B007 until a link to the relevant document could be supplied to the House.
Motion carried
Consideration postponed
[Ed. Note: Debate continued on resolution B007 on July 10, 2018 (Day 6).]
Debate continued on Resolution B007.
Deputy Funston of Kansas moved to amend the resolution.
Proposed Amendment:
Following "retailers could", add ", and, when similarly invested, the Domestic and Foreign Missionary Society will,".
Motion defeated
Amendment defeated
Deputy Frazer moved to amend the resolution.
Proposed Amendment:
Following "engagement plan", add "that is time-limited and goal-oriented".
Motion defeated
Amendment defeated
A vote was taken on Resolution B007.
Motion carried
Resolution adopted with amendment
(Communicated to the House of Bishops in HD Message #165)
House of Bishops
The House of Bishops Committee on Stewardship and Socially Responsible Investing presented its Report #3 on HD Message #165 on Resolution B007 (Ethical Investing in Gun Manufacturers) and moved concurrence.
Motion carried
The House concurred
(Communicated to the House of Deputies in HB Message #309)
Resolution Concurred by Both Houses, July 12.
| Abstract: | The 79th General Convention requests the Committee on Corporate Social Responsibility to develop a plan of shareholder advocacy for Episcopalians who invest in the gun industry, and commends the Mosbacher-Bennett Principles for investors in the gun Industry. |
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