Catholic Divest-Invest Hub

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FEATURED VIDEO: “Laudato Si’ & Catholic Investing” Webinar

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Catholic institutions are divesting from fossil fuel companies and investing in renewable energy as a response to the Pope’s Laudato Si’ encyclical and the COP21 statement of Catholic Bishops from all continents.
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CATHOLIC DIVEST-INVEST NEWS

  • New report “The Sky’s Limit”: Coal mines and oil and gas wells currently in operation have 2.67 times more carbon than what is “safe” to burn to keep global temperature increase below 1.5C threshold
  • At the Vatican press conference on September 1, Cardinal Turkson mentioned that the fossil fuel divestment movement is based on the same logic encouraged in Laudato Si by Pope Francis of applying social pressure to businesses for the common good.

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WHAT IS “DIVEST-INVEST”?

Divestment is the opposite of investment – it is the removal of your investment capital from stocks, bonds or funds. The global Divest-Invest movement is asking institutions to move their money out of oil, coal and gas companies for both moral and financial reasons, asking instead to reinvest those resources in clean energy companies that will help solve the climate crisis while tackling energy poverty.


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WHO COMMITTED TO DIVEST?

Over 530 institutions globally, representing over $3.4 trillion in funds under management, have committed to divest. They include institutions such as the World Council of Churches, the Lutheran World Federation, the Norwegian Sovereign Wealth Fund, the Rockefeller Brothers Fund, and many academic institutions such as Stanford University and Oxford University.

Catholic institutions that committed to divest fully or partially:

  • Georgetown University – USA
  • Franciscan Sisters of Mary – USA
  • University of Dayton – USA
  • Trocaire – Ireland
  • Sisters of Loretto – USA
  • CCFD-Terre Solidaire (Catholic Committe Against Hunger and for Development) – France
  • Catherine Donnelly Foundation (Sisters of Service) – Canada
  • The Passionists – Holy Spirit Province Australia, NZ, PNG and Vietnam
  • Presentation Sisters Wagga Wagga – Australia
  • Presentation Congregation Queensland – Australia
  • Marist Sisters – Australia
  • [NEW!] The Jesuits in English Canada
  • [NEW!] Federation of Christian Organisations for the International Voluntary Service (FOCSIV) – Italy
  • [NEW!] Presentation Society of Australia and Papua New Guinea
  • [NEW!] SSM Health – United States
  • [NEW!] Diocese of the Holy Spirit of Umuarama in Paraná – Brazil
  • [NEW!] Missionary Society of St. Columban – International
  • [NEW!] Salesian Sisters of Don Bosco – Daughters of Mary Help of Christians in Milan and Naples – Italy

Many more Catholic organizations are preparing for a new joint announcement on May 5, 2017. If your organization is interested in learning more, please contact us.

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DIVEST-INVEST RESOURCES

For more information or media inquiries about Catholic Divest-Invest action, please contact us.



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