Cutting Ties to Apartheid: What the Churches Say on Divestment
(Vo. 14 No. 8)
by Diane Bratcher, Interfaith Center on Corporate Responsibility
New York, New York, United States
Interfaith Center on Corporate Responsibility
The Brief summarizes the intensifying of anti-apartheid organizing in the U.S. in late 1984 and early 1985. It discusses the history of church stockholder actions filed with U.S. companies on South Africa, beginning with the Episcopal Church resolution filed with General Motors in 1971. In May 1985 55 church agencies announced a campaign to focus public pressure on 12 “key investors in apartheid,” demanding that they cease all sales and service with the government and government-owned corporations and demand major changes in apartheid as a precondition for their remaining in South Africa. Four approaches to divestment taken by various church agencies are documented: total divestment, selective divestment, divestment as a last resort, and no divestment. Opposition to divestment within churches comes mostly from church pension boards.
Used by permission of the Interfaith Center on Corporate Responsibility.
Collection: Private collection of David Wiley and Christine Root