Christian Brothers Investment Services (CBIS) is leading the way in a climate change initiative through its active ownership efforts with ExxonMobil. Late last year, CBIS led a more than $350 billion investor coalition in filing a resolution urging Exxon to issue an audited report on the financial risks that would come from shifting to a low-carbon economy. Despite Exxon trying to block this proposal, on March 9, 2021, the U.S. Securities and Exchange Commission ruled in favor of CBIS. As a result, Exxon shareholders will vote on the CBIS-led proposal at their 2021 annual meeting, which typically takes place in May. Learn more about CBIS’ efforts with ExxonMobil >
For more than 20 years, CBIS has been working with major oil and gas producers in its investment portfolio to take action against climate change. These efforts are part of the company’s active ownership work, which is rooted in Catholic teaching and leverages a variety of tools to work with companies to address issues related to human dignity, economic justice and environmental stewardship. Read more about CBIS’ active ownership and Catholic Responsible Investing >