Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

Catholic institutions commit to move $40 billion towards impact

ImpactAlpha, April 21 – From an empty St. Peter’s Square, Pope Francis reminded Catholics that the COVID pandemic is an opportunity to attune lives and actions to injustice, the poor and “our ailing planet.” A group of 21 Catholic organizations representing $40 billion in assets is demonstrating how, pledging to align their investment portfolios to impact.

New signatories to the Catholic Impact Investing pledge, launched last October by the Catholic Impact Investing Collaborative (CIIC), include Catholic Relief Services, the Catholic Community Foundation of Minnesota, and several European institutions (see, “Catholic institutions pledge to increase impact investments in climate action and social equity). They join the pledge’s six original backers.

The COVID crisis has sparked the Catholic community to accelerate impact investing. “There’s a heightened sense of urgency now to serving populations at risk,” CIIC’s Maggie Stohler told ImpactAlpha.

That sense of urgency, of course, starts at the top. “The pope is convinced that we are living through an epochal change,” said Cardinal Peter Turkson, whose Dicastery for Promoting Integral Human Development will help direct the church’s response to the global pandemic (see, Agent of Impact: The Vatican’s Cardinal Peter Turkson). Pope Francis is reflecting on the economic and social consequences of the pandemic, Turkson said, “and, above all, on how the church can offer itself as a safe point of reference to the world lost in the face of an unexpected event.”

“Pope Francis has a vision of putting the economy to the service of people,” said Beth Collins of CIIC signatory Catholic Relief Services. “There is no better time to consider doing this than now.”

You might also like...