US EditionVatican launches campaign to encourage divestment from mining industries
The platform supports Catholic institutions in ethical investing and divestment from mining that harms Indigenous communities, citing tens of billions in global financing, church leaders said.
- On Friday, the Vatican launched a campaign to encourage divestment from mining industries at the Holy See Press Office as a Catholic Church initiative.
- Cardinal Álvaro Ramazzini recalled Guatemalan mining where locals gained short-term jobs, but shareholders benefited, while Yolanda Flores, Aymara leader, described contamination and called for investigations.
- Dario Bossi, Comboni missionary and coordinator of the Churches and Mining Network, explained the platform promotes information exchange on mining and finance, noting some firms received tens of billions in international financing.
- Cardinal Fabio Baggio said mineral extraction often occurred without community consultation, framing divestment as a necessary act of faith and ethical coherence, while the Vatican bank announced two IOR equity benchmarks last month.
- Drawing on Pope Francis's encyclical, advocates pressed 'Who provides the money to poison us?' and called for transparency and accountability among financiers.
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25 Articles
Vatican calls for divestment from mining, citing harm to poor communities
The Vatican has a new campaign encouraging divestment from mining, as Catholic Church leaders warned that a global rush for minerals enriches wealthy countries while leaving environmental damage and poverty in the Global South.
Vatican Launches Campaign for Ethical Investments
The Vatican initiates a campaign encouraging divestment from mining industries. The movement, inspired by Pope Francis' 2015 encyclical, seeks to align church investments with ecological principles. Yolanda Flores and Cardinal Ramazzini highlight the negative impacts of mining on Indigenous communities. The Vatican is reviewing its own investment strategies.
The Vatican calls not to invest in activities that damage the environment and communities, especially indigenous.The initiative, supported by 45 organizations, invites religious institutions to review the use of financial instruments in the light of the "integral ecology" proposed by the encyclical Laudato si'.Card. Fabio Baggio: "Act of coherence with our faith, with the defence of human dignity."
Vatican launches project encouraging disinvestment from mining sector
VATICAN CITY - The Vatican on Friday launched an international project encouraging disinvestment from the mining sector, in an unusual initiative by the Catholic Church to steer investments away from a specific industry.
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