Church Commissioners – Corporate Engagement

On 11th October 2018 the Second Church Estates Commissioner, Rt Hon Dame Caroline Spelman MP, answered a written question from Frank Field MP on corporate engagement:

Frank Field (Birkenhead): To ask the Honourable Member for Meriden, representing the Church Commissioners, which AGMs the Commissioners have attended in relation to companies in which shares are held by the Commissioners in each of the last three years.

Dame Caroline Spelman: In 2016 the Church Commissioners established an engagement team in conjunction with the Church of England Pensions Board, reflecting the importance of engagement in the application of our ethical investment policies.

The engagement team has responsibility for voting our shareholdings in publicly listed companies, preparing ethical exclusion lists, and engaging companies in which we are shareholders on issues related to our ethical policies. During 2017 they undertook 112 engagements on behalf of the Church Commissioners, which ranged from letter-based contact to regular meetings with Chairs or Board members. The most significant proportion of face-to-face meetings remained with companies in the extractive industries.

A list of company AGMs attended by the Church Commissioners’ Engagement Team in 2016, 2017 and 2018 (to date) is below.

2016
ANGLO AMERICAN PLC
BHP BILLITON PLC
BP PLC, LONDON
Centrica plc Exxon
GLENCORE PLC
OCADO GROUP
RIO TINTO PLC
TULLOW OIL
2017
ANGLO AMERICAN PLC
Antofagasta plc
BP PLC
Exxon
Glencore plc
RIO TINTO PLC
2018
ANGLO AMERICAN PLC
BP PLC
Centrica plc
EXXON
Glencore plc
Millennium & Copthorne Hotels plc
RIO TINTO PLC
Royal Bank of Scotland Group plc
Royal Dutch Shell
WPP plc.

via Parliament.uk