Joins about 320 other organizations that manage assets worth $33 trillion
by Lea Sitton Stanley, Board of Pensions | Special to Presbyterian News Service
PHILADELPHIA — The Board of Pensions of the Presbyterian Church (U.S.A.) announced Wednesday that it is now an investor signatory of Climate Action 100+. The Board joins the church committee on Mission Responsibility Through Investment (MRTI) as one of more than 320 investor signatories from dozens of countries that manage assets totaling more than $33 trillion.
“The Board looks for positive ways to engage as we live out our commitment to environmental stewardship,” said the Rev. Frank Clark Spencer, President of the Board. “Shareholder activism is one way to do that, and Climate Action 100+ has the investor influence needed to propel the clean energy movement.”
Launched in December 2017, Climate Action 100+ is an investor initiative to drive the largest corporate emitters of greenhouse gases to change their practices and processes. These include 100 companies that account for two-thirds of annual global industrial emissions and more than 60 that are well positioned to support the transition to clean energy.
Climate Action 100+ requires investors to sign on to the Climate Action 100+ Sign-on Statement, signaling their support for the Paris climate accord.
Lea Sitton Stanley is agency writer at the Board of Pensions, which supports wholeness in the Presbyterian Church (U.S.A.) community and care for Benefits Plan members. For information, contact info@pensions.org.
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