More and more investors today are incorporating their values and beliefs into their investment decisions. As a lifelong Catholic, I’d like to share a few thoughts about Impact Investing that I wrote for my fellow parishioners at St. Joseph Church in Stuart, Florida. Impact Investing is a strategy of investing that I refer to as Investing for More.’
More than three decades ago, the U.S. Catholic Conference of Bishops issued investment guidelines to help Catholic organizations and families invest in a manner consistent with the tenets of their faith. The strategy primarily involved excluding companies from portfolios whose products or activities violated Church teachings. This negative screening approach continues to be valid today. However, a positive approach has emerged which seeks outcomes that extend beyond shareholder profit: it’s called Impact Investing.

The Global Impact Investing Network explains “impact investing is not the same as negative screening,” but instead seeks to invest in profitable businesses or investment funds while also producing positive environmental or social outcomes such as clean water, improved literacy, or poverty reduction.

The University of Notre Dame business school teaches that companies with an impact strategy can strive for a “triple bottom line.” An example of this concept is Better World Books (BWB), a company that recycles and sells used books, and redistributes them to under-resourced schools in Africa and Asia. The company makes a consistent profit, while promoting elementary education and literacy in the process. BWB’s triple bottom line is 1) reusing 320 million books previously going to landfills 2) donating 26.5 million books to overseas schools and libraries, and 3) generating over $28 million of support for global literacy programs.
As Catholics, and as global citizens, we have an opportunity to invest for impact in our communities, and in the world at large. Take a closer look at your money and ask yourself, ‘Am I investing for more than just profit?” To discuss an impact strategy for your money, give Price Wealth’s office a call.

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Craig Price | CFP®, CTFA, CEO

Investing for More

Ordinary people who commit their time and effort helping others frequently describe their efforts as ‘giving back.’ In this blog, I introduce you to everyday folks who are investing their time, skills, and money in their communities. Some of the needs they are addressing are,

No matter what their focus or cause, these dedicated folks inspire me with their passion for people in need, and strengthening our community.  From my vantage point as an investment professional, I have come to regard this vital volunteer work as a personal form of investing. Such work focuses on making gains for others like improving children’s health, or reducing homelessness.  It’s a broader understanding of investing that I’ve nicknamed, Investing for More. I hope you will join me in learning how people like you and your neighbors are making an impact by Investing for More.  Our upcoming social events will recognize local volunteers who are the backbone of non-profit organizations in our community.  Join us to celebrate this inspiring work at our next event!

Are you investing for more?

At Price Wealth Management, we love to be inspired! If you, or someone you know, is making a difference in the lives of others, we want to hear about it so we can share their story with all the good people who are Investing for More. Email us your story, or introduce us to someone you know at craigprice@pricewm.com.