Bank fur Kirche und Caritas (BKC) is a German Catholic Church bank. It offers retail banking and asset management services to institutions in the areas of the Catholic church, mission and charitable institutions and for their employees. At the end of 2018, it held €5.1 billion in total assets.
BKC’s responsible investment policy excludes producers of prohibited weapons, including nuclear weapons, anti-personnel mines and cluster munitions, from investment.[1]
The policy applies to all types of investments managed internally. BKC also takes into account the exclusion criteria for controversial weapons in the selection of externally managed funds and would not invest in third party funds that do not have a policy on controversial weapons in place.[2]
BKC makes use of an exclusion list based on research by MSCI ESG research to implement its policy. The list is not publicly available.[3]
Website: https://www.bkc-paderborn.de/
[1] BKC, “Ausschlusskriterien” (Exclusion criteria), BKC website (https://www.bkc-paderborn.de/nachhaltige-geldanlagen/nachhaltigkeitsfilter/ausschlusskriterien.html), last viewed 15 March 2019.
[2] BKC, written response to PAX dated 11 March 2019.
[3] BKC, written response to PAX dated 11 March 2019.