General Board of Pension and Health Benefits

General Board of Pension and Health Benefits
Abbreviation GBOPHB
Formation 1908 (1908)
Type Non-profit Pension fund
Location
CEO
 Barbara Boigegrain
Subsidiaries Wespath
Affiliations United Methodist Church
Website gbophb.org

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


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