Methodist Pension Board Divests From Company That Aids Israeli Occupation and Prisons
The United Methodist Church’s pension board is selling its shares in a British company that supplies security equipment to Israel for use in prisons and in the West Bank.
A press release issued by United Methodist Kairos Response, a movement within the church that advocates on behalf of Palestinian Christians, said the decision to divest from G4S was “due in part to concerns about the company’s involvement in human rights violations in the Israeli prison system and the military occupation of Palestinian territories.”
The move comes just days before another mainline Protestant denomination, the Presbyterian Church (U.S.A.), is scheduled to consider five resolutions that would advance divestment from companies that deal with Israel’s military and one that would reconsider whether the church supports a two-state solution.
The United Methodist Church’s pension board manages a more than $20 billion portfolio. However, according to The New York Times, the church had only $110,000 worth of stock holdings in G4S. Two years ago Methodists voted overwhelmingly against divestment in Caterpillar, Hewlett-Packard and Motorola — three other companies doing business with Israel.
“This is the first time that a United Methodist general agency has included human rights violations related to Israel’s illegal settlements and military occupation in a decision to divest from a company,” David Wildman, executive secretary for human rights and racial justice at the United Methodist General Board of Global Ministries, said in the Kairos Response press release.
“We celebrate this strong human rights message both to G4S specifically and to other companies whose business operations support longstanding human rights abuses against Palestinians.”