Cleveland, June 29, 2015 – The Thirtieth General Synod of the United Church of Christ, meeting June 26-30, 2015 in Cleveland, Ohio, today passed a resolution of witness, Resolution Urging Socially Responsible Investment Practices. The resolution calls upon all settings of the church to examine and adopt socially responsible investing practices appropriate to their individual assets, retirement accounts, and endowments.
“The Pension Boards has a long and active history of social witness on political, human rights, and environmental issues and 100 years of service to its members and the UCC,” said Pension Boards Corporate Social Responsibility Director Richard E. Walters, in response to the resolution. “We will continue to engage in an active corporate social responsibility program of socially responsible investing, education, research, public advocacy, shareholder activism and corporate engagement around climate change and issues important to the prophetic witness of the United Church of Christ, but now we call upon all settings of the church to examine and implement these practices as well.”
“PBUCC’s mission and core values guide all that we do,” said President and CEO Michael A. Downs. “We are committed to excellence in providing benefits and service to those who serve the church. The balance required by a pension plan is to always hold high the interests of plan members. This means responsible stewardship of the retirement assets members have entrusted to us. We actively seek to respond to calls by the church to witness to important issues through economic leverage while at the same time protecting the retirement assets of our members.”
President and CEO-elect Brian R. Bodager said, “PBUCC takes seriously its covenantal responsibility to our members as well as our mutual accountability as an Affiliated Ministry of the United Church of Christ. We have developed expertise and methods we are eager to share with other settings of the church that can increase the effectiveness of the social justice witness of the church.”
The Pension Boards celebrates passage of this resolution along with our partner and co-sponsor, United Church Funds.
The Pension Boards is an independent, separately incorporated nonprofit membership corporation with its own governance, and is an Affiliated Ministry of the United Church of Christ. The assets held in trust by the Pension Boards are not church-owned assets but are funds held and managed on behalf of members and annuitants and represent earned compensation paid into the plan on their behalf.