New Methodist church pension guidelines steer investments away from coal, companies operating in repressive countries

Author: Tamara Audi, Wall Street Journal, Published on: 22 January 2015

The United Methodist Church is implementing new guidelines for its $21 billion pension fund meant to steer it away from investing in coal energy and in companies that operate in countries thought to violate human rights...[The] church also plans to exert its influence as an investor over companies whose activities may conflict with church positions on climate change and human rights... Under its human rights investment guideline, fund managers could avoid investments or divest from a company that receives more than 10% of its revenues or raw materials from countries "demonstrating a prolonged and systematic pattern of human rights violations" or "conflict-affected areas where significant human rights violations have been widely documented." [refers to Caterpillar, Motorola Solutions, HP, G4S]

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Related companies: Caterpillar G4S HP (Hewlett-Packard) Motorola Solutions