Investments consistent

Investments consistent with the Catholic Faith 

As per the Holy Father Pope Francis words, «the CCV cannot have maximum possible profit as a primary operating principle, but rather those that are compatible with the rules of morality, consistent efficiency and practices that respect its specific nature and the example to be set by its operation» (extract from His Holiness address to the Members of the Board of Superintendence on 24 November 2015). They underline the responsibility the Camera bears in administering its own financial resources and those entrusted to it by Catholic principles and values. 

The celebration of human life, creation and human dignity are fundamental Catholic principles and values that are to guide the Camera’s investment choices and always prevail over return consideration. 

Indeed, though it seeks returns in line with those of the reference market, the Camera gives priority to respect for the ethical dimension of its investments, as inspired by the Catholic faith and consistent with its mission. 

In selecting its investments, the CCV also considers two other fundamental aspects mentioned by the Holy Father in his Encyclical Letter “Laudato sì” that refers to the theme of “care for our common home”: the social responsibility of businesses and their role in realizing a sustainable future. In practice, the Camera excludes investments that violate globally recognised principles concerning human rights, work standards, the fight against corruption and the fight against environmental crimes. CCV systematically monitors compliance with these principles and disinvests from any investment should any negative changes occur for various reasons including corporate or geo-political. 

Vatican City, May 22nd, 2018