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Rise Of Catholic Investing Boosts ESG Trend
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Catholic investing joins Islamic finance, ESG metrics, and green bonds as a way of making money ethically.
January 29, 2021
The world s more than one billion Catholics look set to flex their investment muscles following the launch of a certification system for endorsing financial products that adhere to their faith s teachings and values.
In June 2020, Italian consultancy Nummus.info which is owned by the Italian Episcopal Conference and other institutions linked to the Catholic Church started offering the certification system, which screens investments based on a simple yes or no do they or don t they comply with Catholic values? So far, more than 20 different banks and assets managers including Deutsche Bank, Nordea and Raffeisen have had their investment products endorsed by the system.