Walking the Talk With Our Money: Climate

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Walking the Talk With Our Money Climate

• Pat Zerega, Director
• Corporate Social Responsibility, ELCA
• 9625 Perry Highway
• Pittsburgh PA 15237
• 412.367.7575
• patricia.zerega_at_elca.org

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We impact the world in a variety of ways our
presence our leadership our actions our
charityWe also impact the world through how we
use our money.
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When we speak of using our money in light of our
faith, we often hear

• I have so little money to deal with
• Id like to look at that, but I only have mutual
  funds
• I need a better return
• I have so little time to understand this

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Lets spend some time looking at the spectrum of
ways one might walk the talk when it comes to our
money.
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Are we environmentally efficient?
(www.elca.org/advocacy/environment/envaudit.pdf) D
o we purchase fairly traded products? What do we
consider in where to purchase or who we hire?
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Do we not invest in certain items? Do we apply
screens to our investments? Do we use mutual
funds that screen out certain investments?
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• Can our money be life giving?
• Community loan fund
• Micro credit funds
• Companies we feel do good

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Shareholder Advocacy

• Sometimes we can encourage more responsible
  levels of corporate citizenship
• Through corporate dialogues
• Through filing shareholder proposals
• Through attending annual meetings
• Through grass roots advocacy

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Current Shareholder Work

• ISSUES
• Environment
• Human Rights
• Sustainability
• Access to Pharmaceuticals
• Access to Capital
• Violence

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CLIMATE CHANGE
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Shareholder issue areas of Climate Change

• Carbon Footprints
• Energy Efficiency
• Reduce Greenhouse Gases

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ELCA Shareholder Proposalson Carbon Footprints

• Electric Power, 2005 - The shareholders request
  that a committee of independent directors of the
  Board assess how the company is responding to
  rising regulatory, competitive, and public
  pressure to significantly reduce carbon dioxide
  and other emissions and report to shareholders
  (at reasonable cost and omitting proprietary
  information) by September 1, 2005.

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• Electric Power, 2006 - The company disclose (at
  reasonable cost and omitting proprietary
  information) by September 1, 2006, how future CO2
  emissions would affect the operation and
  valuation of the proposed coal plant(s) if CO2
  reaches feasible costs of 10, 25, and 50 per
  ton of carbon dioxide over a 30-year timeframe.

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• Manufacturing, 2005 - The shareholders request
  that a committee of independent directors of the
  Board assess how the company is responding to
  rising regulatory, competitive, and public
  pressure to significantly reduce carbon dioxide
  and other greenhouse gas emissions and report to
  shareholders, at reasonable cost and omitting
  proprietary information, by September 1, 2005.

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• Petroleum, 2005 - Shareholders request the Board
  to prepare a report (at reasonable cost and
  omitting proprietary information) by September 1,
  2004, explaining how the company will respond to
  rising regulatory, competitive and public
  pressure to significantly reduce GHG emissions.

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ELCA Shareholder Proposalson Energy Efficiency

• Energy Efficient Commercial Building REITs, 2005
  - The shareholders request that a committee of
  independent directors of the Board assess how the
  company is responding to rising regulatory,
  competitive, and public pressure to increase
  energy efficiency and reduce greenhouse gas
  emissions and report to shareholders (at
  reasonable cost and omitting proprietary
  information) by September 1, 2005.

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• Energy Efficient Hotels REITs and Hotel
  Companies, 2005 - The shareholders request that a
  committee of independent directors of the Board
  assess how the company is responding to rising
  regulatory, competitive, and public pressure to
  increase energy efficiency and reduce greenhouse
  gas emissions and report to shareholders (at
  reasonable cost and omitting proprietary
  information) by September 1, 2005.

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• Energy Efficiency, 2006 - Shareholders request
  that the Company assess its response to rising
  regulatory, competitive, and public pressure to
  increase energy efficiency and report to
  shareholders (at reasonable cost and omitting
  proprietary information) by September 1, 2006.

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ELCA Shareholder Proposalson Greenhouse Gas
Emissions

• Reduce Greenhouse Gas Emissions, 2003 - That the
  Board of Directors report (at reasonable cost and
  omitting proprietary information) by August 2004
  to shareholders on (a) the economic risks
  associated with the Company's past, present, and
  future emissions of carbon dioxide, sulfur
  dioxide, nitrogen oxide and mercury emissions,
  and the public stance of the company regarding
  efforts to reduce these emissions and

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• (b) the economic benefits of committing to a
  substantial reduction of those emissions related
  to its current business activities (i.e.
  potential improvement in competitiveness and
  profitability).

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Proxy Voting

• Annually a proxy statement is sent out from the
  company asking its shareholders to vote. Items
  vary from boards of directors endorsements to
  shareholder resolutions. Read these carefully and
  see how the issues line up with your values. For
  some ideas on how the church looks at these see
  www.elca.org/corporate and read our issue papers.

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Join the e-Advocacy Network www.elca.org/advocacy

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Join the Shareholders Network
www.elca.org/corporate