The Institute for Works of Religion launched on Tuesday two ethical investment indices “designed to serve as a [benchmark] reference for Catholic investments worldwide.”
The Torrione di Niccolò V, the Vatican headquarters of the Institute for the Works of Religion. Joi Ito/wikimedia CC BY 2.0.
The two equity benchmarks, the Morningstar IOR Eurozone Catholic Principles and the Morningstar IOR US Catholic Principles, were developed with Morningstar, an American financial service provider and aim to offer an ethical benchmark for investors.
The launch is the latest in a series of developments from the IOR, commonly called the Vatican bank, which has emerged in recent years as the strongest performing Vatican financial body, following years of reforms started by Pope Francis aimed at ethical investments and transparency.
According to a Feb. 10 statement from the IOR, the indices “are…
