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Article

23 Sep 2015

Author:
Jenny Cosgrave, CNBC.com

Standard & Poor´s launches new investment index of Catholic values, but does not consider climate change

“Mass appeal? S&P launches 'Catholic Values' index”, 20 Aug 2015

S&P Dow Jones Indices have launched the first "Catholic" index…The S&P 500 Catholic Values Index is based in the S&P 500, with all index constituents' members of the S&P 500 which are then screened for their suitability based on guidelines provided by the United States Conference of Catholic Bishops…As well as exclusion to arms dealing and general military-related products and sales, the index also excludes activity relating to abortion, contraception, adult entertainment, and the employment of child labor…But this is apparently at odds with...Pope Francis…he said immediate action was necessary to tackle climate change…Energy makes up around 7 percent of the group's Catholic index...[Refers to Exxon Mobil]

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