Dominican Sisters Commit $46 Million to Seed New Climate Solutions Funds
June 19th, 2020
(Among the initial group of additional funders are CommonSpirit Health, the Oblate International Pastoral Investment Trust and the Franciscan Sisters of Mary).
Sixteen U.S. congregations of Dominican sisters have pooled more than $46 million to establish a new investment funds initiative aimed at financing solutions to address climate change and assist communities worldwide most at risk.
The new Climate Solutions Funds are a collaboration five years in the making between the Dominican sisters and prominent investment firm Morgan Stanley. The sisters provided initial seeding of $46.6 million in 2018 for the funds, which with additional capital investments have grown to $130 million. The money will be directed toward global projects pursuing solutions to climate change as well as achieving the United Nations Sustainable Development Goals.
Read the full story at National Catholic Reporter’s EarthBeat.