United Church Funds’ investment funds should favor securities of companies and organizations which in their policies and actions work to promote human health and dignity, environmental integrity and moral responsibility, as expressed in the Statement of Investment Policy. In determining the acceptable investment universe and applying exclusionary screens to those products or services that are not acceptable, UCF utilizes the historical teachings of the church and the resolutions of General Synod while maintaining focus on the responsibilities to the trust UCF clients have placed in us.
Exclusionary screens offer a backdrop for UCF’s SRI strategy, establishing the percentage of revenue a corporation may derive from particular products or services before its stock may no longer be held by UCF.
Recent Changes to the Screens
To more fully serve our clients and align their values with their investments, we have recently amended our exclusionary screening standards. In addition to screening tobacco, gambling, alcohol and military weapons from our acceptable investment universe, we have determined that we will not hold companies that significantly damage the environment through the extraction of coal or oil from tar sands. In addition, we have determined to not own those companies that are profiting from direct human rights violations in the Occupied Palestinian Territories. Please read more about this decision in a letter from UCF President Don Hart.
Purity Is Not the Goal
“Involvement in social transformation does not mean that any method of social action is automatically assumed to be “Christian;” it does mean, however, that priority is not given to efforts which certify that the Church’s financial holdings are themselves pure and untainted. Many times, of course, concern for effectiveness and purity may lead to identical action.” – Committee on Financial Investments (GS 69)