With a 20-year history in ESG investing, Dana was one of the earliest entrants in the space. It all started with a request from a group of nuns.
Dana’s ESG story began at the tail end of 1999. We were working with a group of nuns who needed equity exposure. This group held zero equities in 1999, so we got them comfortable with moving into holding stocks, but they had some values-based controls that they wanted to place on their portfolio. They wanted their investments to align with their Catholic values, so they didn’t want to hold alcohol, tobacco or firearms companies. They needed to be sure there were no pornography publishers among their holdings. They’re nuns. It was a must for them and we understood.