Wespath Benefits and Investments
| File:GBOPHB logo.png | |
| Abbreviation | GBOPHB |
|---|---|
| Formation | 1908 |
| Type | Non-profit Pension fund |
| Location | |
CEO | Barbara Boigegrain |
| Subsidiaries | Wespath |
| Affiliations | United Methodist Church |
| Website | gbophb |
The General Board of Pension and Health Benefits is a non-profit agency which supervises retirement funds, investments and health insurance for clergy and lay employees of the United Methodist Church.
Established in 1908 its current head office is in Glenview, Illinois.[1] It manages funds valued at $20 billion.
Sustainable Investment
The GBOPHB follows the United Nations Guiding Principles on Business and Human Rights.[2] It identifies several countries as having "prolonged and systematic patterns of human rights violations."[3]
These countries include the Central African Republic, Israel, North Korea, and Saudi Arabia.[4] A total of 44 companies are excluded from its investment funds including all of Israel's major banks. The board also excludes a further nine companies due to their contribution to global warming.[5][6]
References
- ^ [1] General Board of Pensions and Health Benefits
- ^ [2] UN Guiding Principles on Business and Human Rights
- ^ [3] United Methodist Church Human Rights Gudelines
- ^ [4] Investment philosophy
- ^ [5] U.S. Church Puts Five Israeli Banks on Investment Blacklist
- ^ [6] Methodist pension board bars investment in Israeli banks
.jpeg){kind=small} | This article related to a non-profit organization is a stub. You can help Wikipedia by expanding it. |
 | This Methodism-related article is a stub. You can help Wikipedia by expanding it. |