Socially Responsible Investing

Socially responsible investing is incorporating an organization's mission into the organization's investment decision-making process.

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CHA Socially-Responsible Investing (SRI) Philosophy and Strategies

SRI Statement of Philosophy

In establishing its SRI guidelines, CHA considers both responsible stewardship of its members' assets as well as ethical and social stewardship. Perfect implementation of any ideal is not likely to be obtained; however, CHA makes every effort to avoid knowingly investing in assets that violate its SRI guidelines and respond promptly if such an investment unknowingly occurs. These guidelines apply to all investments in CHA's portfolio.

SRI Strategies

The following are the SRI strategies that are or may be employed by CHA:

Social Screening — Securities issued by companies that violate CHA's social screens are eliminated from CHA's portfolio. Securities issued by companies that engage in activities consistent with CHA's mission and Church teaching may be over-weighted in CHA's portfolio.

Proxy Voting — CHA votes all proxies for all securities held in CHA's portfolio in accordance with good business practices, CHA's mission and Church teaching.

Shareholder Advocacy — CHA may partner with other mission-based investors in the filing of shareholder resolutions which support advocacy priorities, goals, and strategies. CHA may also work with these mission-based investors to establish dialogue with corporations in order to redirect activities or policies which are contrary to CHA's mission or Church teaching.

Social Screens

The following are social screens used to eliminate holdings from CHA's portfolios that are contrary to our mission and church teaching:

  1. Respect for Human Life — CHA will not knowingly invest in companies that do any of the following:
    1. Manufacture abortifacient drugs or operate healthcare or physician management organizations that provide abortions;
    2. Promote or encourage physician-assisted suicide, either through products, services, or dissemination of information;
    3. Manufacture contraceptives or derive more than 2% of revenue from the sale of contraceptive drugs or devices; or
    4. Engage in embryonic stem cell research, cloning of human beings, and current research using tissues from aborted fetuses.
  2. Tobacco — CHA will not knowingly invest in companies that do either of the following:
    1. Manufacture tobacco products; or
    2. Derive more than 10% of revenues from the sale of tobacco or tobacco-related products.
  3. Violence — CHA will not knowingly invest in companies that derive 10% or more of revenues via the promotion of violence in society through the production or sale of weapons of mass destruction (chemical, nuclear, biological), land mines or firearms.
  4. Pornography — CHA will not knowingly invest in companies that produce or originally distribute/promote pornography or pornographic materials.
  5. Child Labor/Sweatshops — CHA will not knowingly invest in companies involved in current sweatshop or child labor controversies.
  6. For-Profit Healthcare — CHA will not knowingly invest in any publicly-traded for-profit organization that provides acute care or continuing care.
  7. Gambling — CHA will not knowingly invest in companies that derive more than 20% of revenue from gambling activities.
  8. Environment — CHA will not knowingly invest in any company involved in more than one federal environmental lawsuit with environmental penalty experience worse than the average for its industry