NS Board Action on Investment Screens

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    MENNONITE CENTRAL COMMITTEE (MCC) NEWS RELEASE

    FOR IMMEDIATE RELEASE

    Blurb: The MCC U.S. board took unanimous action to respond to a call from partners,

    including churches, by not knowingly supporting through its investments and purchases

    violence against Palestinians, Israelis and other people groups.

    MCC U.S. board acts for peace through its investments

    By Cheryl Zehr Walker

    March 26, 2013

    AKRON, Pa. The board of directors of Mennonite Central Committee (MCC) U.S.

    unanimously decided that MCC U.S. will not knowingly invest in companies that benefit from

    products or services used to perpetrate acts of violence against Palestinians, Israelis and other

    people groups.

    The action, taken at the boards March 16 meeting in Akron, grew from a call from partners in

    Palestine and Israel, including churches there, and follows a discernment process with leaders

    of the denominations that sponsor MCC U.S.

    MCC staff in the Middle East delivered the message from churches and other partners in a

    letter shared about a year ago. MCC has worked with partners in Palestine and Israel for more

    than 60 years and more than 40 years, respectively.

    The board agreed that all reasonable measures are to be applied immediately to not support

    violence in the Palestine and Israel conflict, and also that staff should explore similar actions

    in support of partners in other parts of the world.

    The action means that MCC U.S. will not invest direct holdings in companies on the American

    Friends Service Committee (AFSC) Israel/Palestine Investment Screen list, will choose to

    invest in mutual funds that limit exposure to companies on the list and will join efforts to

    encourage the mutual funds that it holds to adopt similar screens. Staff also will aim to align

    MCC U.S. purchasing patterns with these investment principles.

    MCC U.S. Executive Director J Ron Byler explained that while the list names only companies

    that support Israels occupation of the West Bank and Gaza, perpetrating acts of violence

    against Israelis is already illegal for Europe- and U.S.-based companies. We will take action if

    we become aware of offenders against Israel, but our government ensures we do no harm toIsrael, while there is no such care for Palestinians. With our partners, we desire peace, justice

    and reconciliation for all.

    MCC U.S. investments traditionally have mirrored the organizations core Christian values,

    using vehicles such as socially responsible funds.

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    Byler said another aspect of the action included participating with sponsoring denominations

    peacemaking and justice-seeking efforts as invited. He said opportunities for this exist now

    with sponsoring denomination Mennonite Church USA.

    Mennonite Central Committee: Relief, development and peace in the name of Christ

    - END -

    Cheryl Zehr Walker is MCC U.S. director of communications.

    Photo available: MCC Palestine and Israel Partner Relations Director Bassem Thabet

    facilitates a forum of Palestinian and Israeli partner organizations titled, Developing a Peace

    Strategy. The group met at Hope Secondary School in the West Bank town of Beit Jala in

    May 2011. (MCC photo/Ryan Rodrick Beiler)