Recommend Clarification of Military Contracting Companies to be included on the DFMS No-Buy List
Resolution text
Resolved, that due to language in an Executive Council resolution in 2003 (EXC042003.18), the following correcting language shall be introduced.
Resolved, that the No Buy List includes any company (a) among the top five U.S. defense contractors, measured in dollar volume of sales, or b) any company among the top 50 defense contractors that receives more than fifty percent of its revenues from military contracts: and be it further
Resolved, that companies that make controversial weapons (e.g., cluster bombs, anti-personnel land mines, chemical and nuclear weapons), if not captured by the Resolve above, be placed on the No-Buy list; and be it further
Resolved, that this list be reviewed annually by the Committee on Corporate Social Responsibility; and be it further
Resolved, that a copy of this resolution be sent to any company from which this Church disinvests in accordance with this policy; and be it further
Resolved, that other church investors, including the Church Pension Fund, congregations, and dioceses, be urged to adopt a similar policy to the extent permissible under laws governing fiduciaries.