S&P Dow Jones Indices just created a new index that excludes companies apparently involved in activities that are deemed "inco
nsistent" with Catholic values.
The United States Conference of Catholic Bishops (US CCB) is responsible for deciding what is deemed not morally in keeping with the Catholic faith and excludes investment in what is not. The body outlined this in the Socially Responsible Investment Guidelines.
Some of the biggest Catholic institutions in the US invest heavily in oil – which, again, are not excluded from the S&P 500 Catholic Values Index.At the beginning of the month, America's third largest Catholic institution by Catholic population, the Archdiocese of Chicago, told Reuters it has $100 million (£64 million) worth of investments related to fossil fuels. Reuters' report also claimed that dioceses in places such as Boston, Baltimore, Toledo, and a bulk of Minnesota have millions of dollars worth in oil and gas stock holdings too.
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