LEXINGTON, Kentucky — The Presbyterian Committee on Mission Responsibility Through Investment (MRTI) recommended Wednesday afternoon that five energy companies be added to the Presbyterian Church (U.S.A.)’s Divestment/Proscription List.
The Presbyterian Committee on Mission Responsibility Through Investment (MRTI) voted at its Oct. 11 meeting to expand the criteria for recommending companies be placed on the General Assembly’s divestment/proscription list.
The Presbyterian Committee on Mission Responsibility Through Investment voted during its June meeting to update the Guideline Metrics framework it uses to evaluate companies in which church entities own stock.
The Interfaith Center on Corporate Responsibility is suing the Securities and Exchange Commission over new rules that would significantly limit the voices of shareholders in corporate governance.
In response to a directive from the 222nd General Assembly, in 2017 the Presbyterian Committee on Mission Responsibility Through Investment (MRTI) established a set of guideline metrics to evaluate companies the committee was engaging with according to General Assembly policy on environmental, social and governance (ESG) issues.
One of the higher profile decisions set to come out of the 224th General Assembly in June was to be a vote on adding three fossil fuel companies to the General Assembly Divestment/ Proscription list.
Two major initiatives from Compassion, Peace & Justice (CPJ) ministries took significant steps forward Friday during the Presbyterian Mission Agency Board (PMAB) winter meeting and will be up for approval by General Assembly 224, June 20 to 27.
The Presbyterian Church (U.S.A.) took a step Thursday that could eventually lead to divestment from a trio of oil and gas companies for environmental and climate change-related reasons — if General Assembly commissioners agree this summer.
