Managing the assets of a congregation in accordance with one's principles

• Nicole REILLE
  General bursar, Congregation of Notre-Dame, ex-President of the association Ethique et investissement
  

Summary

Twenty years ago, the congregation of Notre-Dame, which was represented on four continents but which was confronted with the problem of the ageing of its nuns, decided to create a pension fund to make the retirement of its staff secure. However, is not putting one's money into the Stock Exchange morally unfair, something to which the Latin American nuns are very sensitive ? Sister Nicole Reille, bursar of the congregation, founded the association Éthique et Investissement together with other congregations. This association is intended to make sure that their savings are invested in company projects which are most compatible with morals of human respect and developing countries. This was how the first ethical fund in France was created in 1983. Twenty years on, what is the impact of this fund ? Are we heading towards the end of non ethical funds ?

Summary translated from French by Rachel MARLIN.

• The entire article was written by Élisabeth BOURGUINAT.

To obtain this article, you can :

• download it for free in French (PDF help) or contact ecopar@paris.ensmp.fr (Reference VC160103).

The entire article appears in French in the Journal de l'École de Paris du management N° 41.