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<\/figure>\n\n\n\nKey Takeaways from the 2021 Guidance<\/strong><\/p>\n\n\n\n While the CBIS investment team is still analyzing the new guidance, we can already suggest there are FOUR notable attributes<\/strong> to highlight in the update.<\/p>\n\n\n\n The new Guidelines were drafted by the USCCB staff under the leadership of a Bishops\u2019 Working Group, chaired by the USCCB Treasurer, Bishop Gregory L. Parkes of the Diocese of St. Petersburg.<\/p>\n\n\n\n The working group’s efforts began with a survey of all U.S. Bishops and included meetings with external subject matter experts as well as ESG research providers. The final document was sent out to every Bishop in the United States well in advance of the Conference. Any bishop could offer a modification he wanted to see individually. A good number did.<\/p>\n\n\n\n The new Guidelines incorporate teachings of both Pope Benedict and Pope Francis and they intricately connect five major categories<\/strong> of USCCB policies:<\/p>\n\n\n\n <\/p>\n\n\n\n In carrying out its investment strategies, the USCCB will now review the Guideline’s relevance every three years. We think this is a huge breakthrough. Remember, the last time the Guidelines were reviewed was 18 years ago. A regular review will keep the guidance fresh and relevant.<\/p>\n\n\n\n The Bishops are still figuring out exactly what the review will look like \u2013 when it will happen, how it will be done, and so on.<\/p>\n\n\n\n The final attribute to note is that the Guidelines reaffirm and expand a number of existing investment strategies. The USCCB investment strategies to avoid doing harm as well as to actively work for change as an investor were both reaffirmed and significantly extended. <\/p>\n\n\n\n The Guidelines also again require a refusal to invest in companies whose products and\/or policies are counter to the values of Catholic moral teachings or statements by the Conference itself. This guidance includes any decisions not to invest in the first place, as well as divesting. Likewise, the Guidelines again require the use of the Conference’s position as shareholder and part owner to engage companies through dialogue with management, voting at corporate meetings, and supportive resolution.<\/p>\n\n\n\n What happens next?<\/strong><\/p>\n\n\n\n CBIS will continue to comprehensively analyze the robust list of specific policies the USCCB has articulated.<\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" By now, most everyone\u2019s aware the United States Conference of Catholic Bishops \u2013 the USCCB \u2013 approved new investment Guidelines at its 2021 General Assembly. The updates, extensive by our account, were overwhelmingly approved by the full body of U.S. Bishops. Here\u2019s a big point: This is the first update to the USCCB guidance in […]<\/p>\n","protected":false},"author":5,"featured_media":18650,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[80],"tags":[],"class_list":["post-18649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"\n![\"\"](\"https:\/\/cbisonline.com\/us\/wp-content\/uploads\/sites\/2\/2022\/03\/CBIS_January-Blog-Images_2-1024x323.jpg\")
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