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1.3 Canon IX Amendments : Lay Retirement Plan

http://archives.anglican.ca/en/permalink/official8401
Date
2003 November 7-9
Source
Council of General Synod. Minutes
Record Type
Resolution 06-11-03
Date
2003 November 7-9
Source
Council of General Synod. Minutes
Record Type
Resolution 06-11-03
Mover
Archbishop Tom Morgan
Seconder
Bishop Ann Tottenham
Text
That the Council of General Synod approve amendments to Regulation 8.5 of the Lay Retirement Plan effective January 1, 2003.
Renumber the current Regulation 8.5 as 8.5(a) and add a new section (b).
(Bold denotes addition) [In electronic database bold indicated by pointed brackets i.e. ]
Where a Member's employment by a Participating Employer terminates upon the Member becoming an employee of another Participating Employer, the Member's Active Service shall be deemed not to have terminated.
Notes
Archbishop Morgan drew attention to Section 1.4 of the report, which read:
"The Pension Committee is recommending to the Council of General Synod that prior to approving the resolution, which is being presented by EcoJustice Committee with respect to Socially Responsible Investment Procedures, that it be referred to the Pension Committee for consultation and to report back to the next meeting of COGs."
Ms. Mason, who is retiring after 40 years of service to the Pension Plan, extended best wishes to Council and acknowledged that she will miss everyone. She has no doubts that the right choice was made when Council appointed Ms. Judy Robinson to be her successor.
Subjects
Pensions - Anglican Church of Canada - Regulations
Anglican Church of Canada. General Synod. Constitution. Canon IX
Anglican Church of Canada. Socially Responsible Investment Group
Anglican Church of Canada. Eco-Justice Committee
Anglican Church of Canada. Pension Committee
Investments - Moral and ethical aspects
Investments - Religious aspects - Anglican Church of Canada
Mason, Jenny
Robinson, Judy
Less detail

Changes to the Statement of Investment Policy

http://archives.anglican.ca/en/permalink/official10609
Date
2018 June 1-3
Source
Council of General Synod. Minutes
Record Type
Resolution 13-18-06 [sic i.e. 13-06-18]
Date
2018 June 1-3
Source
Council of General Synod. Minutes
Record Type
Resolution 13-18-06 [sic i.e. 13-06-18]
Mover
Ms. Cynthia Haines-Turner
Seconder
Canon David P. Jones
Prologue
AUDITED FINANCIAL STATEMENTS #007-16-18-06 to 007-22-18-06
Chair of the Financial Management Committee (FMC), Mr. Robert Saffrey, and the Most. Rev. Colin Johnson, Chair of the Audit Committee, presented FMC’s report and the audited financial statements for The Anglican Church of Canada Resolution Corporation, The Anglican Church of Canada Consolidated Trust Fund, and the General Synod of The Anglican Church of Canada. Ms. Hanna Goschy, Treasurer and CFO, was on hand to address questions from Council. Highlights from the presentation included the following:
- Archbishop Johnson reviewed the process for the audited financial statements and reminded Council that they approved the appointment of Grant Thornton LLP as auditor for General Synod fiscal 2017 at their June 23-25, 2017 meeting (see document #004-01-17-11, page 12). FMC recommends reappointment of Grant Thornton LLP for General Synod fiscal 2018.
- The audited financial statements were reviewed in detail and Council had the opportunity to ask questions.
- The overall revenue for General Synod of The Anglican Church of Canada for 2017 was $11,938,059, which is a decrease of $449,487 from 2016. Overall expenses totaled $11,416,845, which is $1,245,961 less than 2016. The resulting surplus of core revenues over expenses was $521,214.
- The operating fund surplus (before transfers to reserves) is $1,519,736. While the total investment income was $998,523, realized and unrealized capital gains amounted to $729,057 and do not form part of the operating budget as they fluctuate from year to year based on financial market returns. The surplus was still $790,639 after factoring out these gains. Staff vacancies have been filled and as a result, it is expected that the 2018 actual expenditures will be in line with budget and it is not expected a significant surplus will be seen again in 2018.
- Proportional giving from dioceses was slightly higher than budgeted, but $70,000 lower than 2016. Council was reminded that proportional giving is the largest source of revenue for General Synod.
- The Investment Sub-Committee has reviewed investment performance, as well as the asset mix, ranges, and benchmark indices within the current Statement of Investment Policy. Overall performance for the year ended December 31, 2017 was 8.1% versus a benchmark of 7.2%.
Questions and comments were welcomed. Among the questions asked, Council members inquired about: how many dioceses are net contributors (twenty); whether the Anglican Fund for Healing and Reconciliation and the Ministry Investment Funds are part of the totals for internally designated net assets in the Consolidated Trust Fund (they are not); the difference between governance and administration (governance includes CoGS, boards, committees, councils, and Council of the North while administration includes salaries and benefits); and General Synod’s administrative cost (thirteen percent, a very low cost for not-for-profit organizations).
The following resolutions were placed before Council.
Refer to document # 007-22-18-06
Text
THAT the Council of General Synod approve the changes to the Statement of Investment Policy as recommended by the Investment Committee and Financial Management Committee.
ADOPTED #13-18-06 [sic i.e. 13-06-18]
Subjects
Investments - Moral and ethical aspects
Investments - Religious aspects - Anglican Church of Canada
Corporate social responsibility - Anglican Church of Canada
Less detail

Church boards loses diocese's support

http://archives.anglican.ca/en/permalink/article3783
Record Type
Journal Article
Journal
Anglican Journal
Date
1990 October
Record Type
Journal Article
Journal
Anglican Journal
Date
1990 October
Volume
116
Issue
8
Page
5
Notes
"The Oxford diocesan synod has withdrawn two million pounds from the Church of England's Central Board of Finance (CBF) as a protest against investment in South Africa." "Meanwhile, Bishop of Oxford Richard Harries has raised 20,000 pounds to finance a suit in High Court that asks for clarification of the Church Commissioners' role. The court is asked to decide if the Church Commissioners should be trying to maximize profits to benefit church ministry, or whether they should promote the Christian faith even if that means a reduction in income."
Subjects
Church of England. Diocese of Oxford
South Africa - Religious aspects - Church of England
Church of England. Central Board of Finance
Church of England. Church Commissioners
Disinvestment - Religious aspects - Church of England
Investments - Moral and ethical aspects
Harries, Richard (Richard Douglas), 1936-
Less detail

Church explores responsible investment idea

http://archives.anglican.ca/en/permalink/article33268
Record Type
Journal Article
Journal
Anglican Journal
Date
2006 January
Record Type
Journal Article
Journal
Anglican Journal
Date
2006 January
Volume
132
Issue
1
Page
8
Notes
COGS passed a resolution asking the eco-justice committee to look at the issue of ethical investments regarding companies contributing to ongoing violence in Israel and Palestine.
Subjects
Anglican Church of Canada. Council of General Synod
Investments - Moral and ethical aspects
Anglican Church of Canada. Eco-Justice Committee
Middle East - Religious aspects - Anglican Church of Canada
Israel - Religious aspects - Anglican Church of Canada
Moxley, Sue (Susan Elisabeth), 1946-
Less detail

Diocese divests from fossil fuels, mining: Ethical investing does not equal lost revenue says Quebec bishop

http://archives.anglican.ca/en/permalink/article38562
Author
Forget, André
Record Type
Journal Article
Journal
Anglican Journal
Date
2016 March
Author
Forget, André
Record Type
Journal Article
Journal
Anglican Journal
Date
2016 March
Volume
142
Issue
3
Page
2
Notes
"In mid-December [2015], the diocese of Quebec completed a four-year process of divestment from fossil fuels and resource extraction, making it the first diocese in the Anglican Church of Canada to fully divest from both mining and fossil fuels. In a report to the synod of the diocese of Quebec in November [2015], Bishop Dennis Drainville noted that since the Church Society of the Diocese of Quebec passed a motion to divest from resource extraction holdings at its annual general meeting four years ago, $525,000 has been divested from gold and copper mining operations. Following a subsequent motion in 2014 calling on the investment committee to get out of oil and gas, $1.72 million has been divested from fossil fuels". "In 2006, the diocese of Quebec was hemorrhaging money, with operating losses at almost $800,000, for its church society and almost $100,000 for synod., Drainville noted in his charge to synod. .... Given that the diocese could no longer rely on congregational offerings in order to remain solvent, Drainville said it began to liquidate assets and turn to investment as its main source of revenue". "'Five years, 10 years ago, when people were speaking about ethical investments, you would always hear people .. say things like, "Fine, but you're not going to make any money investing ethically." Well, that's nonsense, absolute nonsense', [Drainville] said. 'There's a world of investment out there -- you just have to be educated and make the kinds of choices that are appropriate'."
Subjects
Anglican Church of Canada. Diocese of Quebec - Finance
Investments - Moral and ethical aspects
Investments - Religious aspects - Anglican Church of Canada
Drainville, Dennis (Dennis Paul), 1954-
Mines and mineral resources - Religious aspects - Anglican Church of Canada
Oil industries - Religious aspects - Anglican Church of Canada
Less detail

Ecojustice Committee Resolution #005-04-05-11 : Socially Responsible Investment

http://archives.anglican.ca/en/permalink/official9136
Date
2005 November 17-20
Source
Council of General Synod. Minutes
Record Type
Resolution 22-11-05
Date
2005 November 17-20
Source
Council of General Synod. Minutes
Record Type
Resolution 22-11-05
Mover
Bishop Sue Moxley
Seconder
Ms. Catherine Torraville
Text
That the Council of General Synod commend the following to the Eco-Justice Committee for action, implementation, and report back to the Council at its May 2006 meeting:
i) Eco-Justice request KAIROS to research the activities of companies believed to be contributing to ongoing violence in Israel and Palestine, as well as companies contributing to ongoing peace and economic stability in the region;
ii) That, in light of KAIROS findings, Eco-Justice, with the FMD [Financial Management and Development] Investment Sub-committee, continue to explore a range of socially responsible investment strategies, including corporate engagement and positive investment or divestment;
iii) That suggested strategies be recommended to the Council of General Synod, the Pensions Committee, the Board of PWRDF, and the Directors of the Anglican Foundation, for consideration and any appropriate action. CARRIED #22-11-05
Subjects
Corporate social responsibility - Anglican Church of Canada
Corporate social responsibility - Canada
Disinvestment - Religious aspects - Anglican Church of Canada
Investments - Moral and ethical aspects
Investments - Religious aspects - Anglican Church of Canada
Israel - Religious aspects - Anglican Church of Canada
Anglican Church of Canada. Eco-Justice Committee
Anglican Church of Canada. Financial Management and Development Committee. Investment Sub-Committee
KAIROS : Canadian Ecumenical Justice Initiatives
Less detail

ECUSA won't divest from Israel

http://archives.anglican.ca/en/permalink/article33163
Record Type
Journal Article
Journal
Anglican Journal
Date
2005 November
Record Type
Journal Article
Journal
Anglican Journal
Date
2005 November
Volume
131
Issue
9
Page
11
Notes
The Executive Council of the Episcopal Church has directed its Social Responsibility in Investments Committee to use the church's investments to encourage positive change in the conflict between Israelis and Palestinians.
Subjects
Disinvestment - Religious aspects - Episcopal Church
Israel - Religious aspects - Episcopal Church
Investments - Moral and ethical aspects
Less detail

'Ethical' investing shows remarkable growth

http://archives.anglican.ca/en/permalink/article24701
Author
McAteer, Michael R., 1933-
Record Type
Journal Article
Journal
Anglican Journal
Date
1998 April
Author
McAteer, Michael R., 1933-
Record Type
Journal Article
Journal
Anglican Journal
Date
1998 April
Volume
124
Issue
4
Page
3
Notes
In the last ten years, the ethical investment movement has grown from a fringe activity to a recognized mainstream practice.
Subjects
Investments - Moral and ethical aspects
Nitkin, David (David Alexander), 1945-
Less detail

Investment Task Force Relationships

http://archives.anglican.ca/en/permalink/official10638
Date
2016 July 7-12
Source
General Synod. Minutes
Record Type
Act 25
Date
2016 July 7-12
Source
General Synod. Minutes
Record Type
Act 25
Mover
The Rt. Rev. Mark MacDonald
Seconder
The Rev. Bill Mous
Text
That this General Synod:
as a tangible expression of its desire to move to a low-carbon economy
- a) become a signatory to the United Nations Principles for Responsible Investing http://www.unpri.org/about-pri/the-six-principles/; and
- b) make full use of its affiliate membership with Shareholder Association for Research and Education (SHARE) and encourage dioceses to become affiliate members.
CARRIED Act 25
Subjects
Ecology - Religious aspects - Anglican Church of Canada
Investments - Moral and ethical aspects
Investments - Religious aspects - Anglican Church of Canada
Corporate social responsibility - Anglican Church of Canada
United Nations. Principles for Responsible Investing
Shareholder Association for Research and Education (SHARE)
Less detail

Isolating apartheid : western collaboration with South Africa : policy decisions by the World Council of Churches and church responses

http://archives.anglican.ca/en/permalink/catalog7519
Author
Sjollema, Baldwin (Boudewijn), 1927-
Publication Date
c1982
Material Type
Book
Location
Trinity College (Graham Library)
Call Number
DT 763 S58 1982
Author
Sjollema, Baldwin (Boudewijn), 1927-
Place
Geneva
Publisher
Programme to Combat Racism, World Council of Churches
Publication Date
c1982
Physical_Description
v, 136 p. ; 21.5 x 13.5 cm.
Material Type
Book
Notes
"[By] Baldwin Sjollema".
Includes bibliographical references.
"The book is an attempt to show the extent of Western collaboration with apartheid and how this vast Western economic, military and nuclear support to the South African regime has developed into a criminal complicity with those who continue to deprive the black majority of their most fundamental human and social rights. We also try to indicate how the WCC itself, and many of its member churches and a number of ecumenical groups have responded to some of the specific policy decisions which the Council took when it moved from words to action in this sensitive area. In the final section we make a few recommendations for further reflection and action. Apartheid is universally condemned. But the facts, as we shall see in this book, speak differently". -- Intro.
Contents: Introduction -- The role of transnational corporations -- Military collaboration -- Nuclear collaboration -- War resisters in South Africa -- Political prisoners -- Foreign bank loans -- The role of the International Monetary Fund -- Gold -- Oil and Coal -- Policies and actions of the WCC -- Policies and actions by the churches -- Recommendations -- Notes -- Abbreviations -- Appendix A: Sullivan Principles -- Appendix B: EEC Code of Conduct -- Appendix C: Brief description of involvement with UBS, Dredner Bank and SBS in South Africa -- Appendix D: The position of US churches on bank loans and investment in South Africa -- Appendix F: The Special Fund to Combat Racism 1970-1980.
Added Entry
World Council of Churches
Subjects
South Africa - Politics and government - 1948-1994
Apartheid - South Africa
Racism - Religious aspects - Christianity
Investments - Moral and ethical aspects
Investments - Religious aspects - Christianity
Economic sanctions - South Africa
Corporate divestiture - Religious aspects - Christianity
Conscientious objectors - South Africa
Political prisoners - South Africa
International Monetary Fund
South Africa - Foreign relations
World Council of Churches. Programme to Combat Racism
ISBN
2-8254-0696-1
Call Number
DT 763 S58 1982
Location
Trinity College (Graham Library)
Less detail

26 records – page 1 of 3.