MISSION RESPONSIBILITY THROUGH INVESTMENT 2013 SHAREHOLDER RESOLUTIONS DIRECTORY WITH PROXY VOTING RECOMMENDATIONS.

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1 MISSION RESPONSIBILITY THROUGH INVESTMENT 2013 SHAREHOLDER RESOLUTIONS DIRECTORY WITH PROXY VOTING RECOMMENDATIONS February 19, 2013 The Committee on Mission Responsibility Through Investment (MRTI) met on February 8, 2013, and reviewed shareholder resolutions being submitted to corporations for their 2013 Annual Meetings. These resolutions concern social and ethical issues related to the corporations' business operations and policies. MRTI adopted recommendations on voting of proxies in support or opposition to these resolutions, or whether a formal vote of abstention should be recorded. The recommendations will be submitted for affirmation by the Presbyterian Mission Agency Board at its meeting on April 10-12, The recommendations will be communicated to middle governing bodies, related institutions, and congregations and individuals who have expressed interest in proxy voting as a part of socially responsible investing. PROXY VOTING PROCESS MRTI reviewed resolutions that were submitted to 129 corporations. Many of these resolutions will not appear on the proxy statement when it is mailed to shareholders. Often negotiations between the corporation and the shareholder filing the resolution result in an agreement about the subject matter, and the resolution is withdrawn. Some resolutions may not appear because the corporation challenged them before the Securities and Exchange Commission (SEC) contending that the resolutions failed to meet one or more of the SEC's rules and regulations. Sometimes these objections refer to the substance of the resolution; and sometimes they pertain to technical matters such as length of ownership of the stock. If the SEC finds merit in the corporation's arguments, the SEC will inform the corporation that it will take no action if the resolution is omitted from the proxy. MRTI noted that some groups did not provide a copy of their resolutions. Thus, no formal recommendation was made. However, as some organizations previously have submitted resolutions with goals contrary to General Assembly policy, MRTI urges shareholders to read the resolutions and vote their consciences. Any questions about GA policy can be directed to the MRTI office. PRESBYTERIAN CHURCH (USA) SHAREHOLDER ENGAGEMENT For your information, five resolutions that were filed or co-filed by MRTI using stock held in the Board of Pensions General Assistance Fund. These include ConocoPhillips on setting a greenhouse gas emissions reduction goal, Caterpillar and Hewlett-Packard on strengthening their human rights policies, and CF Industries and Roper Corporation on reporting on sustainability efforts. A resolution on sustainability was filed with Dominion Resources. The company challenged the resolution claiming that the requested action had already been substantially implemented, and the SEC agreed with their position. GENERAL ASSEMBLY DIVESTMENT POLICY It should also be noted that the General Assembly has a policy of not investing in certain corporations due to their involvement in military-related production or tobacco. Some of these corporations received shareholder resolutions. Although the General Assembly urges that stock in these companies not be held, MRTI formulated recommendations 1

2 on proxy voting anyway as some organizations, congregations or individuals may still own stock in these corporations for various reasons, and yet utilize these recommendations as they consider voting their proxies. Companies on the GA divestment list will be marked with an asterisk. FURTHER INFORMATION For further information, please contact Rev. William Somplatsky-Jarman, Associate for Mission Responsibility Through Investment, at (888) , Ext (toll-free) or by at COMMITTEE ON MISSION RESPONSIBILITY THROUGH INVESTMENT 2013 INDEX OF SHAREHOLDER RESOLUTIONS PROXY VOTING RECOMMENDATIONS A vote in support of the following shareholder resolutions is recommended. CORPORATION 3M Company AGL Resources Inc. AMEREN (Union Electric) AT&T Inc. Abbott Laboratories Accenture Aetna Allergan, Inc. Alpha Natural Resources, Inc Altria Group, Inc. SUBJECT WD Refrain from Using Corporate Funds to Influence an Election WD Sexual Orientation Non Discrimination Set Goal to Reduce Water Use Health Hazards of Lead Batteries WD Wireless Network Neutrality WD Remove or Identify & Label Genetically Modified Ingredients Report on Climate Change Risk to Company & Society Water Impacts of Business Operations Amazon.com, Inc Electronics Recycling Health Hazards of Lead Batteries 2

3 American Electric Power Company Amgen Inc. Apple Computer, Inc. Avon Products, Inc. Bank of Montreal Bank of Nova Scotia Bristol-Myers Squibb Company Gender Identity/Expression Non-Discrimination Policy Overseeing Privacy and Data Security Risks WD Safer Chemicals in Health and Beauty Products Vertical Comparison of Executive Compensation Vertical Comparison of Executive Compensation C. R. Bard, Inc. CBS Corporation CF Industries Holdings, Inc. CIBC CVS Caremark Corporation Caterpillar Inc. CenturyLink, Inc. Chesapeake Energy Corporation R Rating for Movies/TV Depicting Smoking WD Compare Executive Compensation with lower paid workers Executive Compensation-Based on Sustainability Principles Review of Global Corporate Standards Human Rights Risk Report Human Rights Performance Report Prohibit Accelerated Vesting Chevron Corp. Climate Change Risk Report Country Selection Criteria - Burma Add Director With Environmental Expertise Quantitative Risk Management Reporting for Shale Energy Operations Refrain from Using Corporate Funds to Influence an Election Review Attacks on Shareholders: Ecuador Pollution Shareowners Right to Call Special Meeting ICCR Member Resolutions by Company Choice Hotels International, Inc. Human Trafficking Policy WD Church & Dwight Co., Inc. Animal Testing Implement Comprehensive Palm Oil Policy WD Citigroup Report on the Strategic Alternatives to Company s Structure 3

4 Cleco Corporation Coherent, Inc. Comcast Corp. ConAgra, Inc. ConocoPhillips CONSOL Energy Inc. Continental Resources Corrections Corp. of America Danaher Corp. Dean Foods Company Dentsply International Inc. Devon Energy Disney (Walt) Company/ABC Dominion Resources, Inc. Dow Chemical Company DuPont Company EQT Corporation East West Bancorp ebay Inc. /Water Risk WD R Rating for Movies/TV Depicting Smoking WD Label Genetically Engineered Products Adopt Greenhouse Gas Reduction Goal and Report Gender Identity/Expression Non-Discrimination Policy Operational Risks: Likely Restrictions on Carbon Emissions Natural Gas Flaring WD WD Report on Use of Mercury Dental Amalgams Implement Comprehensive Palm Oil Policy WD Report on Use of Mercury Dental Amalgams R Rating for Movies/TV Depicting Smoking Increase Energy Efficiency/Renewable Energy Omit Report on Adverse Impacts of GMOs (Herbicides) Report on Adverse Impacts of GMOs (Herbicides) Refrain from Using Corporate Funds to Influence an Election Sexual Orientation Non Discrimination WD Overseeing Privacy and Data Security Risks Emerson 38% Endo Health Solutions Entergy Corp. Equinix Expedia, Inc. Human Trafficking Policy WD 4

5 Exxon Mobil Corporation Fifth Third Bancorp FirstEnergy Corporation GEO Group Inc. General Dynamics Corporation General Electric Company Gentex Corp. Goldman Sachs Group Inc. Hartford Financial Services Group Hess Corporation Hewlett-Packard Company Home Depot, Inc. International Business Machines Corp. (IBM) J2 Global Communications J.P. Morgan Chase & Co. Kraft Foods Inc. Kroger Lazard Ltd. Lockheed Martin Corporation Adopt Greenhouse Gas Reduction Goals - Report Climate Risk Refrain from Using Corporate Funds to Influence an Election Sexual Orientation Non Discrimination Direct Deposit Advances Set Goals to Reduce Water Risk Develop Indicators for Human Rights Policy Human Rights Amend & Monitor Policy Human Rights Amend & Monitor Policy Appoint Human Rights Oversight Committee Equal Employment Opportunity (EEO) Health Hazards of Lead Batteries WD WD Gender Identity/Expression Non-Discrimination Policy WD Assess/Report GHG Emissions Resulting from Lending Portfolio s Label Genetically Engineered Products Assess Human Trafficking/Forced Labor in Supply Chain Implement Comprehensive Palm Oil Policy Producer Responsibility for Packaging 5

6 Lorillard, Inc. Lowes Men s Warehouse MetroPCS Communications, Inc. Molycorp, Inc. Mondelez International, Inc. /Water Risk Producer Responsibility for Packaging Sustainability Report on Gender Inequality Monsanto Genetically Modified Organisms: Report on Risk 7.62% /Water Risk-- WD Mylan Laboratories, Inc. News Corp. Northrop Grumman Corporation Nucor Corporation ONEOK Inc. Oracle Systems Corp. PNC Financial Services Group, Inc. Peabody Energy Corp. PepsiCo, Inc. Pfizer, Inc. Philip Morris International Pitney Bowes Inc. Ralcorp. Holdings Inc. Range Resources Corporation Regions Financial Corporation Republic Services, Inc. Reynolds American Inc. WD R Rating for Movies/TV Depicting Smoking Human Rights Amend & Monitor Policy Fugitive Methane Emissions Report WD Assess/Report GHG Emissions Resulting from Lending Portfolio Label Genetically Engineered Products WD Separate CEO & Chair Separate CEO & Chair WD Tobacco Marketing in Economically Developing Countries Prohibit Accelerated Vesting Water Risk in the Supply Chain - Being Bought By Conagra Fugitive Methane Emissions Report Direct Deposit Advances Report 6

7 Roper Industries, Inc. Royal Bank of Canada SLM Corporation (Sallie Mae) Sealed Air Corporation Simpson Manufacturing Co., Inc. Spectra Energy Corp. Sprint Nextel Corp. Starbucks Corp. Starwood Hotel & Resorts Worldwide, Inc. Stryker Corporation Superior Energy Services Inc. TD Bank Target Corp. Time Warner Cable Inc. Time Warner Inc. U.S. Bancorp Union Pacific Corporation United Parcel Service of America, Inc. UnitedHealth Group Inc. Urban Outfitters, Inc. Valero Energy Corporation Ventas, Inc. Verizon Communications Inc. Compare Executive Compensation with Low-Paid Workers Sexual Orientation Non Discrimination -- WD Fugitive Methane Emissions Report Wireless Network Neutrality Implement Comprehensive Palm Oil Policy WD Adopt Greenhouse Gas Reduction Goals - Report WD Compare Executive Compensation With Low-Paid Workers Electronics Recycling R Rating for Movies/TV Depicting Smoking WD Direct Deposit Advances Report WD and Lobbying Disclosure Report Prohibit Accelerated Vesting Health Hazards of Lead Batteries Wireless Network Neutrality Visa Inc. 37% Wabtec 7

8 Walgreen Company Walmart Stores, Inc. Wells Fargo & Company Whole Foods Market, Inc. Xcel Energy, Inc. Yum! Brands, Inc. Zimmer Holdings Create Independent Ethics Committee on Cigarette Sales WD Electronics Recycling Direct Deposit Advances Omit Producer Responsibility for Packaging WD Food Packaging Recycling Implement Comprehensive Palm Oil Policy Key to Symbols: (to be added as year progresses) WD: Omit: Won: The resolution has been withdrawn. The SEC upheld the company s challenge to the resolution. The SEC denied the company s challenge to the resolution. FOR FURTHER INFORMATION, CONTACT: Rev. William Somplatsky-Jarman Presbyterian Church (U.S.A.) 100 Witherspoon Street, Room 3222 Louisville, KY (502) Phone (502) Fax Bill.Somplatsky-Jarman@pcusa.org 8