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UNION OF SISTERS OF THE PRESENTATION OF THE BLESSED VIRGIN MARY

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Good News for Our Planet! Presentation Sisters Collaborate with the Largest-Ever Joint Divestment from Fossil Fuels

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04/10/2017

A coalition of Catholic institutions has today announced its divestment from fossil fuels. The coalition of 40 is the largest joint announcement of divestment by Catholic organizations to date. The institutions are located on five continents, and represent fields ranging from a holy site to finance to church hierarchical entities. 

Catholic institutions’ decision to remove their support for fossil fuels is based on both their shared value of environmental protection and the financial wisdom of preparing for a carbon-neutral economy. 

This divestment announcement comes amid united Christian action to protect the environment during the Season of Creation. 

Global Catholic Climate Movement is a community of hundreds of thousands of Catholics and a global network of member organizations responding to Pope Francis’ call to action in the Laudato Si’ encyclical. 

For several years, we, the Union of Presentation Sisters, have been diligently monitoring and overseeing the alignment of our investments with projects that reflect our values and commitment to caring for human rights and the whole community of life. We regard our Ethical Investment Policy as an expression of our commitment as a Congregation. As part of this policy we commit over the next five years, or sooner if possible, to divest from any company whose primary business is the extraction, production and/or distribution of fossil fuel or uranium or who is responsible for environmental degradation and from making any future investment in any such company.

“We further commit ourselves to exploring how our investments can promote sustainable solutions to the current climate change crisis” — Sr Mary Deane PBVM (Congregational Leader)

To read more about this, you can click on the following link:

https://catholicclimatemovement.global/divest-and-reinvest/

 

Categories: Justice, Peace and Integrity of Creation, Latest News, Congregation