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Manila archdiocese dropping investments in ‘destructive’ firms

September 06, 2023

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CWN Editor's Note: The Archdiocese of Manila has announced that it will divest itself of all financial involvement in “destructive businesses.”

Cardinal Jose Advincula said that the archdiocese would not invest in coal companies or other businesses that are considered harmful to the environment.

The cardinal said that his message—issued at the start of the “Season of Creation”—was a response to Laudato Si’ and to “the earlier social teachings of the Church.”

The above note supplements, highlights, or corrects details in the original source (link above). About CWN news coverage.


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