“‘Most [faith-based fund companies] are trying to screen out things like [companies involved with] abortion and pornography,’ says Chris McMahon of Aquinas Wealth Advisors, a Catholic advisory firm in Pittsburgh.
‘It’s an enormous lift for these firms to pivot and then add this kind of environmental stuff.’ Part of the problem is that the intense politicization of both religion and environmentalism in the U.S. today makes it hard to find investment firms that consider both, he says.
[COMMENTARY] In the US, particularly, the ‘deep right’ politically, are largely ‘anti-woke’ and disbelievers in the climate change problem. Yet, it’s clear many phrases in the bible are about how we need to care for the environment and our fellow humankind. This places a real conundrum for many Christian funds.
How Faith-based Funds Are Evolving to Address Climate Change, by Lewis Braham, April 6, 2023, Barron’s, USA.