The Uniting Church in South Australia has decided to divest its share portfolio from companies involved in the extraction or exploration of thermal coal and will seek to further decarbonise its investment portfolio in the coming years.
The decision was made by members of the Uniting Church SA at their Saturday 20 June business meeting, taking into consideration the findings of a thorough review presented at the meeting.
Uniting Church SA Moderator Dr Deidre Palmer commented on the resolution.
“In making this decision we are demonstrating our Christian responsbility for taking action on climate change. The earth is God’s gift and we are called to care for it in ways that reflect God’s trust in our stewardship for present and future generations.
“As the Uniting Church, in partnership with churches across the Pacific, we join in advocacy for those peoples who are vulnerable to climate change.”
The Moderator commended the Ethical Investment Working Group of the Uniting Church SA who were tasked with reviewing the process, undertaking research, and preparing a course of action for future church investment decisions.
The Moderator affirmed: “as a church we have an ongoing commitment to minimising our impact on our environment and contributing to the renewal of the earth.”