Press Release: GBPHB Sustainable Investing Report Receives International Recognition
April 16, 2015
For Immediate Release
Contact: M. Colette Nies, Managing Director, Communications
(847) 866-4296 or firstname.lastname@example.org
Glenview, IL—Responsible Investor international news service (RI), located in the UK, has nominated the General Board of Pension and Health Benefits (GBPHB) for the RI Reporting Awards 2015, recognizing the highest standards in the disclosure of responsible investment activities by global asset owners. The RI Reporting Awards showcase excellence in responsible investment and environmental, social and governance (ESG) reporting, encouraging best practices in transparency, public disclosure and accountability that lead to higher standards and enhance the credibility of responsible investment.
GBPHB Chief Investment Officer Dave Zellner noted that, “Of 1,200 organizations researched by RefineResearch, GBPHB was one of 16 worldwide organizations nominated and (with CalPERS) one of only two from the U.S. We are honored by this special recognition of our ongoing sustainable investment reporting.” The RI Reporting Awards used publicly available information in judging the reporting of best practices in terms of “simplicity, relevance, disclosure and process.” GBPHB was judged on its 2014 Sustainable Investing Report, “Transforming Companies through Environmental, Social and Governance Best Practices.”
GBPHB Chief Executive Barbara Boigegrain said, “We appreciate RI’s recognition for what we strive to do every day in service to our participants and institutional investors: work to have the companies we invest in adopt practices that contribute to the long-term sustainability of their organizations.”
RI will present the 2015 awards on June 2 at its eighth annual RI Europe conference in London.
About the General Board
The General Board of Pension and Health Benefits (GBPHB) is a not-for-profit administrative agency of The United Methodist Church, with Church-authorized fiduciary responsibility for the benefit plans it administers and the assets it invests.
Prudent investment management decisions are an ongoing, long-term priority, supporting benefit plans for over 91,000 participants and approximately $21 billion in assets managed on their behalf, and for many United Methodist-affiliated endowments, foundations and other institutions. This fiduciary obligation reflects the stated values of the Church and helps ensure financial, environmental and social sustainability across all investments.
GBPHB is the largest reporting faith-based pension fund and among the top 100 pension funds in the United States. As a sustainable investor, GBPHB is committed to active ownership through corporate and public policy engagement, proxy voting and the management of excessive sustainability risk. Through its Positive Social Purpose Lending program, GBPHB invests in affordable housing, community development and expanded loan opportunities for disadvantaged communities worldwide.
About Responsible Investor
Launched in June 2007, Responsible Investor (RI) is the only dedicated news service reporting on responsible investment, ESG (environmental, social and governance) and sustainable finance for institutional investors globally. Responsible Investor also organizes a series of highly successful conferences focusing on how investors integrate RI and ESG factors into their investment analysis and decision-making processes: RI Asia, RI Europe and RI Americas, see www.responsible-investor.com
Responsible Finance Research (ReFineResearch) is a charitable institution which supports and leverages academic and industry research in the area of responsible investment. The charity aims to achieve deeper knowledge of responsible investing through innovative thinking, greater transparency and advanced research methods.