AbbVie Shareholders Support Resolution on Link between Drug Price and Executive Pay
Today, 23.9% of voting shareholders of AbbVie, a U.S. pharmaceutical company, supported a United Church Funds-led shareholder resolution to report on the “feasibility of incorporating public concern over high drug price into the senior executive compensation arrangement.”
UCF’s Shareholder Resolution for Gilead Sciences Receives 43.4% Support
United Church Funds is proud to have coordinated a shareholder resolution with Gilead Sciences, Inc. that received 43.4% support at Gilead’s annual general meeting on May 6, 2020. The resolution requested the company to separate the position of the Chair of the Board from the CEO position.
Investors Urge Pharma Companies to Work Collaboratively on COVID-19 Response
United Church Funds, along with investor members of the Interfaith Center on Corporate Responsibility, sent letters to the CEOs of 14 pharmaceutical companies, calling for a collaborative approach in the development of health technologies, including diagnostics, treatments and a vaccine in the global fight against COVID-19.
Principles for Responsible Investment Conference Highlights
UCF attended the PRI in Person event last September. As a signatory, UCF commits to incorporating ESG issues into our investment policy, analysis and decision-making. Learn more about what happened during the PRI in Person in this article.
Investors’ Role in Combatting the Climate Crisis Emphasized at UN Climate Week, PRI in Person Event
United Church Funds recently took part in two significant events – the UN Climate Week as well as the PRI in Person Event. The new concepts and frameworks that the PRI in Person and the UN Climate Week provided will arm us with the implements to continue to improve our own climate response and responsible investing platform.
Creating a Just World Through Values-aligned Investing
In light of the UNGA meeting, UCF is pleased to share some of the work we have accomplished to support the UN Sustainable Development Goals to guide the international community in common pursuit of solving the world’s problems. UCF has contributed to the positive outcomes of several global goals using our core socially responsible investing strategies of engagement, asset alignment and innovative product offerings.
SunTrust Bank to Stop Financing Private Prisons
United Church Funds, a leading provider of investment management to churches and faith-based organizations, commends SunTrust Bank for its decision to stop future financing of the private prison and detention industries.
UCF Celebrates Bank of America’s Decision to Stop Financing Private Prisons
Just days after General Synod decried the private prison industry, United Church Funds is celebrating its part in the decision Bank of America has made to stop its financing of the industry.
Recognizing Opioid Addiction as a Health Epidemic
On June 22, Katie McCloskey, UCF Director of Social Responsibility, delivered a speech at the 2019 General Synod to introduce the Opioid Epidemic resolution. After her address, the resolution passed overwhelmingly.
UCF Work in Support of Resolution to Address Opioid Epidemic
United Church Funds is proud of its work to mitigate the opioid epidemic and produced the following report to inform General Synod 2019 delegates about its accomplishments in relation to the resolution of witness, which will be considered at General Synod.