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.
Leaders of the Presbyterian Church (U.S.A.)’s committee on Mission Responsibility Through Investment (MRTI) are hailing the current annual general meeting season as a success and a tipping point for environmental, social and governance shareholder proposals (also called resolutions) going mainstream.
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.
