Dominican sisters commit $46 million to seed new climate solutions funds
By Brian Roewe
National Catholic Reporter
June 18, 2020
Sixteen U.S. congregations of Dominican sisters have pooled more than $46 million to establish a new investment funds initiative aimed at financing solutions to address climate change and assist communities worldwide most at risk.
The new Climate Solutions Funds are a collaboration five years in the making between the Dominican sisters and prominent investment firm Morgan Stanley. The sisters provided initial seeding of $46.6 million in 2018 for the funds, which with additional capital investments have grown to $130 million. The money will be directed toward global projects pursuing solutions to climate change as well as achieving the United Nations Sustainable Development Goals.