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The Church of Austria: “Guideline for ethical investments”
Thursday, 1 August 2024
The Church of Austria issues guidelines on ethical investments in reference to the financial decisions of faith-based organisations. It involves accountability relations between the Global North and the Global South. The guidelines exclude investments in gold or gold mining, recognising implications on sacrificed territories. It poses cooperation: investments as an interrelated way, where human rights and environmental concerns are taken into account. [Iglesias y Minería]
(FinAnKo)
“But seek first his kingdom and his righteousness,
and then all these things will be given to you as well.”
(Matthew 6:33)
This guideline is aimed in the first instance at all institutions of the Roman Catholic Church in Austria and is intended to be binding for all dioceses, religious communities, parishes and other Church legal entities. If they are under the authority of a bishop in financial matters, this guideline is binding for them. The Austrian Conference of Religious Orders strongly recommends that the Austrian religious communities implement it as binding for their area. It is recommended that other investors and financial service providers use the guideline for information and to help them reflect on their own procedures.
To read the entire document in English, click here.