June 30, 2020, Adrian, Michigan – On behalf of the Congregation, Sister Elise D. García, OP, General Councilor of the Adrian Dominican Sisters, recently signed the Catholic Impact Investing Pledge.
An initiative of the Catholic Impact Investing Collaborative (CIIC), the pledge affirms that signatories will commit to making investments “on behalf of the poor and vulnerable, to promote human dignity, economic justice, and environmental stewardship,” pursuing a just society “with urgency, given the increasing needs of the poor and vulnerable and the continuing degradation of our common home.”
The pledge principles include the call to making investments “that provide financial returns while simultaneously creating measurable, positive social and environmental incomes in service of people and planet.”
Sister Elise serves as the General Council liaison to the Adrian Dominican Sisters’ Portfolio Advisory Board (PAB). Since 1978, the Community Investment arm of the PAB has made more than 500 low-interest loans to a variety of community organizations. Currently, the PAB is investing in 38 organizations – throughout the United States and internationally – in banks, community credit unions, multi-purpose loan funds, housing programs, cooperatives, and international loan funds.
In signing the pledge, the Adrian Dominican Sisters joins a community of pledge supporters committed to investing for the common good. Signatories include Catholic Relief Services; Mercy Investment Services; Ascension, a faith-based healthcare organization; and other congregations of women religious, such as the Daughters of Charity, Conference of St. Louise, and the Felician Sisters of North America.
Feature photo: One of the affordable housing projects of New Way Homes, a Santa-Cruz, California-based housing organization that receives investments from the Portfolio Advisory Board.