The Board of Directors of the Diocese of Olympia, Inc., recognizes its fiduciary responsibility to shareholders in the James F. Hodges Diocesan Investment Fund (DIF) to be a shareholder advocate of positive investment by the DIF in renewable energies.  As a result, the Board agreed to commission a study of the carbon footprint of DIF investments, and the results of that study are attached in an executive, annotated report.

Highlights of the report are:

It should also be noted that the Diocese of Olympia encourages households, congregations, and institutions to undertake a carbon footprint analysis of their energy use using the EPA’s household carbon footprint calculator.

We also encourage households and congregations, after using the carbon footprint calculator, to invest in carbon offsets through the carbon offset partnership the Diocese of Olympia has with the Diocese of the Southern Philippines.

“The Diocesan Investment Committee has a holistic approach to portfolio management that, in addition to carbon footprint, the portfolio includes construction, valuation, balance sheet strength and judgement about the quality of management and future growth prospects.”
– Darcy MacLaren, member, Diocesan Investment Committee

CARBON FOOTPRINT REPORT

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