Central Presbyterian Church issued the following announcement on May 2.
Mission Responsibility Through Investment led on a record six shareholder proposals
The Presbyterian Committee on Mission Responsibility Through Investment (MRTI) is hailing another successful proxy season in which it achieved significant commitments from corporations to more closely align their practices with Presbyterian Church (U.S.A.) policies.
Proxy season is a time when responsible shareholders such as the PC(USA), through MRTI, file proposals to advance significant policy matters related to unmanaged or undermanaged risks for publicly traded corporations. The proposals usually focus on environmental, social and governance (ESG) matters. These proposals are included in companies’ proxy statements which are voted on by all shareholders at the annual general meeting, which mostly take place April through June.
This year, the PC(USA) through MRTI was the lead filer on six resolutions, which topped last year’s record of five. All were withdrawn due to significant commitments made by the companies.
Original source can be found here.
Source: Central Presbyterian Church
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