The ethical analysis of issuers is based on congregations’ expectations regarding ethical matters. Thus, the ethical framework is split into 5 big principles stemming from the Social Doctrine of the Catholic Church. Extra-financial criteria are attributed to each principle.
Dignity of the Human Person : Working conditions, human rights and worker’s health/safety ; Diversity and fight against discriminations.
The Universal Destination of the Earth’s Goods : Deontology and fight against corruption ; Quality, safety , social and environmental added-value of goods/services.
The Common Good : Environmental protection ; Equilibrium and transparency of the company general management.
Solidarity : Social and environmental practices of providers and subcontractors ; Relations with the civil society and local communities.
Subsidiarity : Social dialogue.
Moreover, Equi-CongrEthis is banned from investing in companies realizing more than 25% of their turnover in the following sectors :
Alcohol ; Tobacco ; Light weapons ; Gambling ; Defense ; Pornography.
For companies that have complex activities, the decision to keep or to exclude the security from the investment universe is taken by the ethical committee