Resolution in support of an investment screen expressing United Methodist Social Principles on The Natural World.
Passed by the 2014 California-Nevada Annual Conference of the United Methodist Church
Whereas unintended consequences deriving from attempted directives to divest from certain industries for social purposes include the possibility of legal liability for the violation of trust agreements, and
Whereas the United Methodist Church has had a strong and historic positive experience guiding investment decisions by adopting screens within its investment policy that state principled objectives rather than “picking stocks”, and
Whereas the Social Principles are organized into sections (The Natural World (160), The Nurturing Community (161), The Social Community (162), The Economic Community (163), The Political Community (164), The World Community (165)) and the first of them, The Natural Community has heretofore not been represented within the United Methodist system of investment screens, and
Whereas the desire to reflect our social principles in investment applies not only to General Agency funds, but also to Annual Conference Foundations and other endowments, United Methodist institutions and local churches,
Therefore Be it Resolved that the California Nevada Annual Conference Committee on Advocacy and Justice, Conference Board of Pensions, and Council on Finance and Administration convene a consultative process with the General Board of Pension and Health Benefits to explore an investment screen which would guide United Methodists’ investment decisions specifically related to The Natural World (¶160) section of the Social Principles, and
Be It Further Resolved that the goal of the consultative process be a progress report at the 2015 California Nevada Annual Conference Session and the timely submission of General Conference legislation for the denomination as a whole.
Find out more about efforts by United Methodists around the country to divest from fossil fuels at the Fossil Free UMC website or Fossil Free UMC FaceBook Page.