Resolution Number: 2018-D068
Title: Develop Social Responsible Investment Criteria for Guidance
Legislative Action Taken: Concurred as Amended
Final Text:

Resolved, That the 79th General Convention requests Executive Council to ask its Committee on Corporate Social Responsibility (CCSR), in consultation with, among others, those in the Church engaged with concerns for human rights and with concerns for the care of creation, to develop and propose to Executive Council for its review and adoption:

(a) criteria by which the Church may assess the Church’s investments in companies that the Church finds to be inconsistent with the Church’s faith and mission or questionable under the Church’s ethical teaching, and criteria by which the Church may evaluate the effectiveness of efforts to engage with such companies and the effectiveness of divestment through creation of a No Buy list from such companies, and

(b) procedures for the Church to follow in making a decision to engage companies or to establish a No Buy list, and

(c) to accomplish this work, CCSR is encouraged to look for partner organizations outside of The Episcopal Church in which to participate in Collective Action;

And be it further

Resolved, That this work be completed by CCSR by March of 2020 for consideration and action by Executive Council in that year.

Citation: General Convention, Journal of the General Convention of...The Episcopal Church, Austin, 2018 (New York: General Convention, 2018), pp. 1069-1070.

Legislative History

Author: The Hon. Warren Wong
Originating House: House of Bishops
Originating Committee: Stewardship and Socially Responsible Investing

House of Deputies

The House of Deputies Committee on Stewardship and Socially Responsible Investing presented its Report #14 on Resolution D068 (Criteria and Procedures for Deciding to Engage with or Establish a No Buy List of Companies) and moved adoption with amendment.

Original Text of Resolution:

(D068)

Resolved, the House of Bishops concurring, That the 79th General Convention requests Executive Council to ask its Committee on Corporate Social Responsibility, in consultation with, among others, those in the Church engaged with concerns for human rights and with concerns for the care of creation, to develop and propose to Executive Council for its review and adoption:

(a) criteria by which the Church may assess the Church’s investments in companies that the Church finds to be inconsistent with the Church’s faith and mission or questionable under the Church’s ethical teaching, and criteria by which the Church may evaluate the effectiveness of efforts to engage with such companies and the effectiveness of divestment through creation of a No Buy list from such companies, and

(b) procedures for the Church to follow in making a decision to engage companies or to establish a No Buy list; and be it further

Resolved, That this work be completed by CCSR by March of 2020 for consideration and action by Executive Council in that year.

Committee Amendment:

Resolved, the House of Bishops concurring, That the 79th General Convention requests Executive Council to ask its Committee on Corporate Social Responsibility (CCSR), in consultation with, among others, those in the Church engaged with concerns for human rights and with concerns for the care of creation, to develop and propose to Executive Council for its review and adoption:

(a) criteria by which the Church may assess the Church’s investments in companies that the Church finds to be inconsistent with the Church’s faith and mission or questionable under the Church’s ethical teaching, and criteria by which the Church may evaluate the effectiveness of efforts to engage with such companies and the effectiveness of divestment through creation of a No Buy list from such companies, and

(b) procedures for the Church to follow in making a decision to engage companies or to establish a No Buy list, and be it further

(c) to accomplish this work, CCSR is encouraged to look for partner organizations outside of The Episcopal Church in which to participate in Collective Action; and be it further

Resolved, That this work be completed by CCSR by March of 2020 for consideration and action by Executive Council in that year.

Motion carried

Resolution adopted with amendment

(Communicated to the House of Bishops in HD Message #229)

House of Bishops

The House of Bishops Committee on Stewardship and Socially Responsible Investing presented its Report #4 on HD Message #229 on Resolution D068 (Criteria and Procedures for Deciding to Engage with or Establish a No Buy List of Companies) and moved concurrence.

Motion carried

The House concurred

(Communicated to the House of Deputies in HB Message #326)

Resolution Concurred by Both Houses, July 12.

Abstract:   The 79th General Convention directs the development of criteria for the church’s investments based on concern for human rights and care of creation, as well as procedures to determine when and how to engage in shareholder activism or develop a No Buy list.