The Vatican, SMAs and ESG Investing: Moddasser and Etzweiler Weigh In

​Last week, the Vatican put out communications urging Catholics and the private sector to "progressively and without delay" divest from fossil fuel producers and other entities that perpetuate climate change. The pope called on Catholics to avoid "support for companies harmful to human or social ecology," such as weapon makers and abortion providers, as well as the fossil fuel industry.

Last month, more that 40 faith organizations from around the world, more than half of them Catholic, pledged to divest from fossil fuel companies. 
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But what do professional financial advisors and investment managers say?

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