Where is your treasure?

Join the growing movement of Catholic institutions living out their values by divesting from fossil fuels.

“The necessary transition towards clean energy sources such as wind and solar energy, and the abandonment of fossil fuels, is not progressing at the necessary speed”

(LD 55)

Divest your money from fossil fuels

“We know that things can change!” (Laudato Si’ 13)

Why should we divest from fossil fuels?

A world powered by clean, healthy, sustainable energy that is accessible to all is possible. It is being built every day by the increasing investments in renewable energy. This is an exciting transformation that is accelerating across the world!

If we remain invested in polluting, climate-destroying fossil fuels, this necessary change cannot take place. And the poor suffer first and worst from climate impacts, while we are all seeing the changes in our common home, from flooding in Pakistan to a typhoon in Alaska to an unprecedented hurricane hitting Puerto Rico and Florida to heat waves, forest fires, and more.

This is why Catholics and people of goodwill across the world are re-investing away from fossil fuels, and leading this transformation.

Will my institution lose money by divesting?

Catholic institutions that have the privilege of managing financial assets often rely on steady returns from them. The good news is that divesting from fossil fuels is a sound and prudent financial decision. Investment managers recognize the increasing risks of fossil fuel investment. The growing rejection of fossil fuels by world governments means that fossil fuel assets will be stranded, and these investments are losing value. On the other hand, renewable energy projects are profitable and much needed.

Are there already Catholic institutions that have divested?

Check in the list here the institutions that have already divested : please contact us, and we can help you by putting you in contact with one of these institutions.

Country Name of institution
AngolaComissão Arquidiocesana de Justiça e Paz de Luanda
AngolaComissão de Justiça e Paz e Migrações da CEAST
ArgentinaCapítulo Argentina - Movimiento Católico Mundial por el Clima
ArgentinaColegio de Graduados en Cooperativismo y Mutualismo
ArgentinaFundación DeCyR
ArgentinaOng Ambiental Cima
ArgentinaPotencialidades y Centro de Paz Jardín del Corazón
ArgentinaRAAD Red Argentina de Ambiente y Desarrollo
AustraliaAustralian Jesuits
AustraliaCaritas Australia
AustraliaChristian Life Community Australia
AustraliaCLC Australia
AustraliaInstitute of Sisters of Mercy of Australia and Papua New Guinea
AustraliaJustice and Peace Office, Archdiocese of Sydney
AustraliaMarist Sisters
AustraliaMissionary Society of St Columban
AustraliaPresentation Congregation Queensland
AustraliaPresentation Sisters Wagga Wagga
AustraliaPresentation Society of Australia and Papua New Guinea
AustraliaRebuilding, Mind, Body and Spirit
AustraliaSisters of Charity of Australia
AustraliaThe Passionists–Holy Spirit Province
AustriaArchdiocese of Salzburg
AustriaArchdiocese of Vienna
AustriaAustrian Bishops Conference
AustriaBankhaus Schelhammer & Schattera
AustriaCoordination Office of the Austrian Episcopal Conference for International Development and Mission
AustriaDiocese of Eisenstadt
AustriaDiocese of Feldkirch
AustriaDiocese of Graz-Seckau
AustriaDiocese of Gurk-Klagenfurt
AustriaDiocese of Innsbruck
AustriaDiocese of Linz
AustriaDiocese of St. Pölten
AustriaMilitary diocese of Austria
BangladeshEpiscopal Commision for Justice and Peace
BangladeshFranciscan Friars TOR Society
BelgiumAbdij OLV van Nazareth
BelgiumAfrica Europe Faith and Justice Network
BelgiumBroederlijk Delen
BelgiumCOMECE – Commission of the Bishops’ Conferences of the European Union
BelgiumDochters der Liefde Filles de la Charité
BelgiumEpiscopal Conference of Belgium
BelgiumGasthuiszusters Augustinessen van Leuven
BelgiumJesuit European Social Centre
BelgiumJustice et paix Belgique
BelgiumMissionarissen van Scheut
BelgiumNetwerk Rechtvaardigheid en Vrede
BelgiumOikocredit Belgium
BelgiumPax Christi Vlaanderen
BelgiumSisters Clarissen of Ostend
BelgiumSisters of Charity of Jesus & Mary
BelgiumVicariaat Vlaams-Brabant – Mechelen
BelgiumZusters van de Bermhertigheid
BelgiumZusters van Maria
BrazilDiocese de São José dos Campos
BrazilDiocese of the Holy Spirit of Umuarama in Paraná
BrazilEscola de Fé e Política Waldemar Rossi
BrazilInstituto Amsur
BrazilInstituto das Religiosas do Sagrado Coração de Maria (Religious Institute of the Sacred Heart of Mary)
CameroonCentre Baba Simon/Movimento dei Focolari
CameroonTertiary Sisters of Saint Francis
CanadaArtist caring environmentally/Artist Against Fracking
CanadaCongregation of Sisters of St. Joseph in Canada
CanadaInstitut Notre-Dame du Bon Conseil de Montréal
CanadaJesuit Province in Upper Canada
CanadaOur Lady's Missionaries
CanadaPax Christi Toronto
CanadaScarboro Missions
CanadaSt. Joseph’s Parish
CanadaThe Catherine Donnelly Foundation
CanadaUrsulines of Chatham
ChileParroquia Sto. Tomás Apóstol de Choapa, El Tambo
ColombiaConfederación Interamericana de Educación Católica - CIEC
ColombiaSICSAL – Servicio Internacional Cristiano de Solidaridad con los pueblos de América Latina «Óscar Romero»
ColombiaSicsal Colombia - COVIDA20
Czech RepublicŽít Laudato si' Česká republika
EcuadorSecretariado Latinoamericano MIEC-JEC
FijiArchdiocese of Suva
FranceCCFD - Terre Solidaire
FranceChrétiens unis pour la Terre
FranceCommunauté Mission de France
FranceProvince de France-Belgique de la congrégation des soeurs auxiliatrices
FranceSecours Catholique
GermanyBank für Kirche und Caritas eG
GermanyBank im Bistum Essen eG
GermanyDKM Darlehnskasse Münster eG
GermanyPax Christi Düren
GermanyPaxBank eG
GermanySteyler Ethik Bank
GreeceCatholic Church in Greece
Holy See (Vatican City State)Caring for Earth
IndiaCaritas India
IndiaIndian Catholic Matters
IndiaSociety of Jesus Mary Joseph - Raipur Province
IndiaTamil Nadu Catholic Youth Movement
IndonesiaArchdiocese of Semarang
InternationalMercedarias Misioneras de Berriz
InternationalReligious of the Sacred Heart of Jesus
InternationalSchool Sisters of Notre Dame
InternationalThe Mission Congregation of the Servants of the Holy Spirit
InternationalUnion of Sisters of the Presentation of the Blessed Virgin Mary
IrelandArchdiocese of Armagh / St Patrck's Archdiocean Trust Limited
IrelandArchdiocese of Cashel and Emly
IrelandBalally parish
IrelandCarmelite Monastery of Immaculate Heart of Mary - Delgany
IrelandChristian Brother Edmund Rice Trust Fund
IrelandChristian Brothers European Province
IrelandCloyne Diocese
IrelandCongregation of Sisters of Mercy Western Province
IrelandCongregation of the Sisters of Mercy, Southern Province
IrelandCongregational Leadership of the Sisters of Mercy
IrelandCreedon Educational Trust
IrelandDiocese of Clogher
IrelandDiocese of Elphin
IrelandDiocese of Kildare & Leighlin
IrelandDiocese of Killala
IrelandDiocese of Kilmore
IrelandDiocese of Meath
IrelandDiocese of Ossory
IrelandEnglish Province of the Congregation of Christian Brothers
IrelandHierarchy General Purposes Trust
IrelandIrish Catholic Bishops’ Conference
IrelandLittle Company of Mary, Irish Province
IrelandMarino Institute of Education Trust Fund
IrelandMercy International Association
IrelandMissionary Sisters of St Columban
IrelandMonastery of St Alphonsus
IrelandPresentation Sisters, English Province
IrelandPresentation Sisters, North East Province
IrelandPresentation Sisters, South West Unit
IrelandRosminians Institute of Charity CLG
IrelandSisters of Mercy, Northern Province
IrelandSisters of Our Lady of Apostles
IrelandSisters of St. Joseph of Chambery
IrelandSocial Justice Ireland
IrelandSt.Patrick Missionary Society
IrelandThe Congregation of Christian Brothers in Northern Ireland
IrelandThe Order of St Augustine - Irish Province
ItalyAdorers of the Blood of Christ
ItalyAggiornamenti Sociali
ItalyALTIS Graduate School Business & Society of the Università Cattolica del Sacro Cuore
ItalyArchdiocese of Naples
ItalyArchdiocese of Palermo
ItalyArchdiocese of Panamá
ItalyArchdiocese of Salerno-Campagna-Acerno
ItalyArchdiocese of Siracusa
ItalyArchdiocese of Vercelli
ItalyAssociazione Comunità Papa Giovanni XXIII
ItalyAzione Cattolica Italiana (Italian Catholic Action)
ItalyCaritas Italy
ItalyDiocese of Ancona
ItalyDiocese of Assisi
ItalyDiocese of Caserta
ItalyDiocese of Catania
ItalyDiocese of Civitavecchia and Tarquinia
ItalyDiocese of Gubbio
ItalyDiocese of Padua
ItalyDiocese of Pescara
ItalyDiocese of Savona – Noli
ItalyFederation of Christian Organisations for the International Voluntary Service FOCSIV
ItalyFocolare Movement
ItalyFondazione MAGIS
ItalyGi.O.C. - Gioventù Operaia Cristiana odv
ItalyGreenaccord onlus
ItalyGruppo Missionario Arsego
ItalyInternational Forum of Catholic Action
ItalyItalian Jesuits
ItalyJPIC Commission USG-UISG
ItalyLega consumatori
ItalyMission Congregation of the Servants of the Holy Spirit (SSpS)
ItalyMovimento Cristiano Lavoratori
ItalyOperai della Grazia
ItalyPax Christi Italia
ItalyPro Civitate Christiana
ItalyRete Interdiocesana Nuovi Stili di Vita
ItalySacro Convento
ItalySalesian Sisters of Don Bosco - Daughters of Mary Help of Christians in Milan and Naples
ItalySardegna Film Commission
ItalySerafico Institute
ItalySiloe Monastic Community
ItalyTavolo Laudato Si' Bari
ItalyWorld Union of Catholic Women's Organisations
JerseyLaudato Si Group - Caritas Jersey
KenyaAMECEA – Association of Member Episcopal Conferences in Eastern Africa
KenyaCapuchin Charities, Kenya
KenyaCatholic University of Eastern Africa
KenyaCatholic Youth Network for Environmental Sustainability in Africa
KenyaCharles Mukururo/Joint Learning Initiative on Faith & Local Communities
KenyaFranciscan Servants of Mary Queen of love
KenyaHuman Life International
KenyaJesuit Conference of Africa - Justice and Ecology Office
KenyaLittle Sisters of St. Joseph
KenyaReligious of the Sacred Heart of Jesus
KenyaSisters of Mercy Learning and Spiritual Centre
LesothoTechnologies for the Economical Development
LuxembourgArchdiocese of Luxembourg
MalawiGo Green Save Environments
MalaysiaCreation Justice Commission
MaltaArchdiocese of Malta
MexicoCEDEHU – Centro de Desarrollo Humano
MexicoVasco de Quiroga: Presencia en el Siglo XXI
MyanmarKaruna Mission Social Solidarity (KMSS) - Caritas Myanmar
NepalCaritas Nepal
NetherlandsPassionists of Holy Hope Province Netherlands
NigeriaArchdiocese of Jos
NigeriaCatholic Laity Council of the Archdiocese of Jos
NigeriaInternational Association of World Peace Advocates
NigeriaLaity Council of Nigeria
NigeriaSmiling Simon Greenbuild Foundation
NorwayCaritas Norway
PakistanWorld Apostolate of Fatima
PeruInstituto de Desarrollo, Educación de Proyectos Andinos Sostenible Perú - IDEPAS PERÚ
PeruParroquia Cristo Misionero del Padre
PeruProclade Perú-Bolivia
PhilippinesCatholic Bishops' Conference of the Philippines
PhilippinesConrado Tejada
PhilippinesDiocese of San Carlos
PhilippinesEnvironmental Science For Social Change
PhilippinesManila Archdiocese
PortugalJustice and Peace National Commission
República DominicanaGrupo ecológico Salesiano ECOMA
RwandaLay Dominicans
ScotlandDiocese of Aberdeen
ScotlandDiocese of Argyll and the Isles
ScotlandDiocese of Galloway
ScotlandScottish Catholic Bishops' Conference
ScotlandScottish Catholic International Aid Fund
Sierra LeoneSierra Leone Young Christian Student movement
SingaporeCaritas Singapore
South AfricaArchdiocese of Cape Town
South AfricaCatholic Welfare and Development
SpainAsociación de Permacultura ATTA Alimenta También Tu Alma
SpainAsociación Molocan, Cooperatismo Integral
SpainDiocese of Vitoria
SpainHermanitas de la Asunción
SpainNuestra Señora del Perpetuo Socorro
SpainSitges Solidari
Sri LankaClaretian Missionaries
SwitzerlandJesuit Refugee Service Switzerland
ThailandCaritas Asia
UgandaDominican Sisters of mary
UgandaKikandwa Environmental Association
UgandaTrees for Uganda
UgandaYouFra Uganda
UkraineCathedral of the Blessed Virgin
UkraineChurch of Saints Joachim and Anna of the Ukrainian
UkraineChurch of St. Dmitry
UkraineChurch of St. Michael the Archangel
UkraineChurch of St. Nicholas
UkraineChurch of the Dormition of the Blessed Virgin
UkraineChurch of the Epiphany
UkraineChurch of the Nativity of the Blessed Virgin
UkraineChurch of the Transfer of the Relics of St. Nicholas
UkraineDormition of the Blessed Virgin
UkraineParish of St. John the Theologian
UkraineParish of St. Michael the Archangel
UkraineParish of the Epiphany of the Lord
UkraineParish of the Nativity of the Blessed Virgin of the UGCC
UkraineSt. Michael the Archangel Parish
UkraineThe Church of Joseph the Blind
UkraineThe Church of the Holy Spirit
UkraineThe Parish of the UGCC of the Holy Spirit
UkraineThe Religious Order of St. Andrew of UGCC
UkraineUGCC Church of the Intercession of the Blessed Virgin
United KingdomArchdiocese of Birmingham
United KingdomArchdiocese of Glasgow
United KingdomArchdiocese of Southwark
United KingdomArchdiocese of St Andrews & Edinburgh
United KingdomCAFOD
United KingdomCatholic Action for Animals
United KingdomColumban Missionaries Britain
United KingdomCongregation of Jesus, English Province
United KingdomCongregation of Our Lady, Canonesses of St Augustine
United KingdomCongregation of the Sisters of Nazareth Generalate
United KingdomDaughters of the Holy Spirit (England and Ireland Province)
United KingdomDiocese of Arundel & Brighton
United KingdomDiocese of Brentwood
United KingdomDiocese of Dunkeld
United KingdomDiocese of Hallam
United KingdomDiocese of Lancaster
United KingdomDiocese of Leeds
United KingdomDiocese of Middlesbrough
United KingdomDiocese of Motherwell
United KingdomDiocese of Northampton
United KingdomDiocese of Paisley
United KingdomDiocese of Portsmouth
United KingdomFranciscan Sisters Minoress
United KingdomFriars Minor in Great Britain
United KingdomInstitute of Our Lady of Mercy
United KingdomJesuits in Britain
United KingdomMill Hill Missionaries (British Region)
United KingdomMissionary Franciscan Sisters of the Immaculate Conception
United KingdomNewman University
United KingdomReligious of the Assumption - England
United KingdomReligious Sisters of Charity, English/Scottish Province
United KingdomSisters of St Josephs of Peace (UK Province)
United KingdomSisters of the Cross and Passion
United KingdomSisters of the Holy Cross (English Province)
United KingdomSisters of the Holy Family of Bordeaux
United KingdomSociety of the Sacred Heart (England and Wales Province)
United KingdomSt Joseph’s Province of the Congregation of the Passion–English Province of the Passionists
United KingdomSt Mary of the Angels J&P Group
United KingdomSt Mary's University, Twickenham
United KingdomThe Daughters of Charity of St Vincent de Paul, Province of Rosalie Rendu (Britain and Australia)
United KingdomThe Sisters of St Andrew in England
United StatesAssociation of U.S. Catholic Priests
United StatesBenedictine Sisters of Erie, Inc.
United StatesCatholic Charities Diocese of Stockton
United StatesCatholic Parish cluster St Pius, St. Mary, St. Anthony
United StatesCatholic Theological Society of America
United StatesCatholicNetwork.us
United StatesCenter for Action and Contemplation
United StatesChurch Women United in New York State
United StatesCongregation of the Sisters of St. Joseph of Peace
United StatesCreighton University
United StatesEmmaus Ministries
United StatesFADICA – Foundations and Donors Interested in Catholic Activities
United StatesFranciscan Action Network
United StatesFranciscan Friars-Holy Name Province
United StatesFranciscan Sisters of Mary
United StatesGeorgetown University
United StatesLoyola Marymount University
United StatesLoyola University
United StatesMarquette University
United StatesMGR Foundation
United StatesMidwest Province of the Society of Jesus (Jesuits)
United StatesSeattle university
United StatesSisters of Charity of Nazareth
United StatesSisters of Charity of the Blessed Virgin Mary
United StatesSisters of Loretto
United StatesSisters of Saint Francis
United StatesSisters of St. Benedict of Ferdinand, Indiana
United StatesSisters of St. Dominic of Blauvelt
United StatesSociety of Jesus
United StatesSSM Health
United StatesTrillium Asset Management, LLC
United StatesUNANIMA International
United StatesUniversity of Dayton
United StatesUniversity of St. Thomas
United StatesWater Tech Alliance
United StatesWheaton Franciscan Sisters, Daughters of the Sacred Hearts of Jesus and Mary
Vatican CityBrethren of Blessed Mary, Our Lady of Mount Carmel
Vatican CityCaritas Internationalis
ZambiaChileshe Kandeta
ZambiaFranciscan Missionary Sisters for Africa

Concretely, what does divestment imply?

Once an institution knows what industry it does not want to support anymore, divestment can be as simple as writing down a list of “negative screening”, which means a list of companies or types of companies it does not want to be tied to, and make their external asset managers follow these guidelines.

It can be a bit broader and exclude companies that are exposed to the fossil fuel industry, like financial institutions, insurance companies or industries working closely with companies developing new fossil fuel projects.

Use the examples below to start thinking what makes sense for your institution:

Congregation X has a contract with the asset management firm GFT. They rely on returns to finance their older sisters’ retirement. Their current deal implies that their portfolio cannot include any form of asset related to industries related to war and other social issues.

They negotiate a new deal with a new exclusion : fossil fuels. Within 2 years, their portfolio will be cleared from fossil fuel related financial products.

Lay organization Y does not work with an asset manager : they only own a building, and simple financial products managed by their bank, aside from a current account. Their bank is known for financing new coal plants.
They switch banks for an ethical bank, and commit not to own any asset related to the fossil fuel industry in the future.

Diocese of Z has a wealth of assets, managed by different contractors and in-house. Wanting to be aligned with Catholic Social Teaching, they pledge to divest from the most polluting industry, and start the work for their in-house financial assets.
They negotiate with their asset managers, set a clear timeline. After 3 years, they eventually leave one of their asset managers reluctant to implement the new policy.


Catholic Resources

Read the Catholic case for fossil fuel divestment

This comprehensive overview, created by Trócaire, will guide you through climate science, the Catholic teaching behind divestment, and the concrete steps communities have taken to put teaching into practice.

The Franciscan Sisters of Mary divested in 2014;

Our Chapter in Canada made a comprehensive guide (En – Fr), to see, judge and act about climate change regarding your investment policies

Institute of the Sisters of Mercy of Australia and Papua New Guinea, a deeply helpful look at the concrete steps this institution took before, during, and after divestment;

Jesuits in English Canada

Powerpoint slides

Benefits of Divestment

Two economies collide: Competition, conflict, and the financial case for fossil fuel divestment | IEEFA.
This recent study shows how divestment makes sense from a financial perspective.

Clean Energy Investing: Global Comparison of Investment Returns | Imperial College Business School
This joint report by the International Energy Agency and the Centre for Climate Finance & Investment shed light on the long-term prospects for clean energy, and their outstanding financial performance.

More information about divestment

“We know that technology based on the use of highly polluting fossil fuels–especially coal, but also oil and, to a lesser degree, gas–needs to be progressively replaced without delay….Politics and business have been slow to react in a way commensurate with the urgency of the challenges facing our world.”

Pope Francis, Laudato Si’ 165

“We, Cardinals, Patriarchs, and Bishops, issue a general call and make ten specific policy proposals. We call on COP 21 . . . to develop new models of development and lifestyles that are climate compatible, address inequality and bring people out of poverty. Central to this is to put an end to the fossil fuel era, phasing out fossil fuel emissions, including emissions from military, aviation and shipping, and providing affordable, reliable and safe renewable energy access for all.”

Continental Bishops’ Conferences, COP 21 Appeal

“Yet even more worrying is the continued search for new fossil fuel reserves, whereas the Paris Agreement clearly urged keeping most fossil fuels underground. . . .Civilization requires energy, but energy use must not destroy civilization!

Pope Francis, speech to fossil fuel CEOs and investors, June 2018

“We reiterate our urgent call to “put an end the fossil fuel era” through a rapid transition to an economy powered by renewable energy, as we know from scientists that most fossil fuel reserves need to remain underground.”

Continental Bishops’ Conferences, Joint statement on climate justice

"The signs today are not good. Investments in fossil fuels continue to rise, even though scientists tell us that fossil fuels should remain underground."

Pope Francis, address to finance ministers May 2019

“We assume and support the divestment campaigns from extractive companies related to the socio-ecological damage of the Amazon, starting with our own ecclesial institutions and also in alliance with other churches."

Synod of Bishops for the Pan-Amazon Region, Final Document 70

“The businesses, national or international, which harm the Amazon and fail to respect the right of the original peoples to the land and its boundaries, and to self-determination and prior consent, should be called for what they are: injustice and crime. When certain businesses out for quick profit appropriate lands and end up privatizing even potable water, or when local authorities give free access to the timber companies, mining or oil projects, and other businesses that raze the forests and pollute the environment, economic relationships are unduly altered and become an instrument of death.”

Pope Francis, Apostolic Exhortation Querida Amazonia 14

“Yet even as we feel this healthy sense of indignation, we are reminded that it is possible to overcome the various colonizing mentalities and to build networks of solidarity and development. “The challenge, in short, is to ensure a globalization in solidarity, a globalization without marginalization”.[15] Alternatives can be sought for sustainable herding and agriculture, sources of energy that do not pollute, dignified means of employment that do not entail the destruction of the natural environment and of cultures.”

Pope Francis, Apostolic Exhortation Querida Amazonia 17

“Spread the use of ethical, responsible and integral criteria for investments, avoiding the support to harmful companies to human or social ecology (for example abortion and weapons) and for environmental ecology (for example fossil fuels).”

“Promote social and environmentally responsible investments, for example by evaluating the progressive divestment from the fossil fuel sector”

Journey Toward our Common Home, Five years after Laudato Si, Interdicasterial Working Group  Of The Holy See On Integral Ecology p. 178,179

"We know that the fossil fuels are causing the climate crisis and destroying our planet. Still, we keep on investing [in] the dirty fossil fuels.. It is a physical imperative that we change course, that we divest… It is also a moral imperative. Our own brothers and sisters around the world are already suffering due to the climate crisis, and we cannot push them to greater sufferings… It is also a theological imperative. Earth is God's creation entrusted to our stewardship. We need to take care of God's creation. So let us be courageous. Let us divest."

Salesian Fr. Joshtrom Kureethadam, head of Dicastery for Promoting Integral Human Development's ecology and creation sector, May 19th 2021

“Given the harm that the production and consumption of fossil fuels is causing to the environment and to populations in low-income countries, it was not right to profit from investment in these companies … “Disinvestment is a sign that justice demands that we must move away from fossil fuels.”

Bishop Bill Nolan of Galloway, head of the Scottish Bishops’ Conference October 26th 2021

“Given the harm that the production and consumption of fossil fuels is causing to the environment and to populations in low-income countries, it was not right to profit from investment in these companies … “Disinvestment is a sign that justice demands that we must move away from fossil fuels.”

Bishop Bill Nolan of Galloway, head of the Scottish Bishops’ Conference October 26th 2021