By Robyn Davis Sekula
New Covenant Trust Company will start utilizing new positive and negative screening tools to assist investors who want their investments to align with their values beginning April 1. These tools will allow New Covenant Trust Company to target investment in companies with a strong record of diversity, equity and inclusion. New Covenant Trust Company is a subsidiary of the Presbyterian Foundation. Ten percent of New Covenant Trust Company’s fees earned from this initiative will go to the Matthew 25 initiative of the Presbyterian Church (U.S.A.). Greg Rousos, President of New Covenant Trust Company, explained that the new screening capabilities are similar to other values based investment strategies that NCTC has developed such as the fossil fuel free strategy. These strategies use an algorithm to find companies that are a fit and allocate capital to best reflect the benchmark index. |
YOUR FAITH
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