The world's major religions — Christianity, Islam, Hinduism, Buddhism, and Judaism — impose on their followers traditional, and sometimes even legal, obligations to society which translate into useful SRI screens. In some cases, the different faiths are joined together around issues of common concern.
However, in many cases, none of the three great Abrahamic religions are unified. Each branch is pursuing its own unique doctrine, understanding, and practice.
For example, within Christianity, evangelicals may not wish to invest in any organization that is "in the business of aborting life before birth." As a result, they typically exclude medical facilities that perform abortions and pharmaceutical companies that manufacture contraceptives. However, Christian Scientists often do not invest in health care companies at all. And within the Catholic faith, many have adopted the Church's formal "Socially Responsible Investment Guidelines."
As a result, the challenge facing faith-based organizations, individuals, and their financial advisors is in applying religious teachings to the construction and management of a socially responsible investment portfolio.
So how can a traditional SRI mutual fund meet all of the various and, sometimes conflicting, religious investing requirements? It simply can't.
The Advocacy Investing® strategy, however, allows faith-based organizations to own portfolios based upon their beliefs, values, or mission.
To learn more, I invite you contact us to see how the Advocacy Investing approach can help you align your investments with your faith.