It’s another major crack in the ceiling. That’s how Rob Fohr, director of the Presbyterian Mission Agency’s Office of Faith-Based Investing, describes progress with Noble Energy Corporation of Houston, Texas. Last week, Fohr presented a shareholder resolution calling for a climate change scenario analysis.
If investors demanded it, would companies change their practices to benefit the environment and slow the effects of global warming? The Presbyterian Church (U.S.A.) Office of Faith-Based Investing and Corporate Engagement believes that this strategy can work, and that companies encouraged to do so may improve their practices through dialogue. The Presbyterian Board of Pensions and the Presbyterian Foundation are helping bolster this effort by paying for an additional staff person in this office. The staff person, Katie Carter, started work in 2017.
The Committee on Mission Responsibility Through Investment (MRTI) says 2017 was a productive year in its engagement with corporations. MRTI filed or co-filed seven shareholder resolutions in the 2017 proxy season, with oil, gas and utility companies, and one resolution with Wells Fargo.
A group representing several ministries of the Presbyterian Mission Agency (PMA) visited Sri Lanka in January in fulfillment of an overture aimed at eradicating slavery from supply chains. Program representatives included personnel from Presbyterian World Mission, the Presbyterian Hunger Program and Mission Responsibility Through Investment (MRTI).
In response to its directive from the 222nd General Assembly, the Presbyterian Church (U.S.A.)’s Committee on Mission Responsibility Through Investment (MRTI) has come up with a new way of measuring the progress it makes with companies engaged in conversations around environmental, social and governance (ESG) issues.
If you’re fortunate to have a 401(k) or IRA but know little about investments, chances are you spend a minimal amount of time reviewing your quarterly statement — a quick glance at the numbers to see if they’re up or down. But do you really know where your hard-earned dollars go?
The Presbyterian Church (U.S.A.) and nearly three dozen faith-based investors are encouraged by shareholder approval yesterday of a proposal urging ExxonMobil to better assess the company’s climate change related risks.
The past year has been a busy one for the Committee on Mission Responsibility Through Investment (MRTI), from saying goodbye to long-time coordinator Bill Somplatsky-Jarman to watching events unfold in Standing Rock, North Dakota.
The Mission Responsibility Through Investment (MRTI) committee of the Presbyterian Church (U.S.A.) submitted a shareholder resolution to the Phillips 66 Corporation on November 22 urging it to reconsider its investment guidelines as they pertain to the Dakota Access Pipeline (DAPL) and future projects.
The office of Mission Responsibility Through Investment (MRTI) has a new name and lead staff person. Rob Fohr, who has been serving in an interim capacity, has accepted the call to take the permanent position, replacing Bill Somplatsky-Jarman, who retired earlier this year.
