Catholic investment agency said to invest in companies that profit from pornography

BBC Northern Ireland presenter William Crawley has a blog post about Hardcore Profits — a BBC documentary about the pornography industry, which has been looking into those organisations who have investments, directly or indirectly, with in the adult entertainment business.

Crawley says following a change in ethical policy guidelines the United States Catholic Conference of Bishops in 2003, Christian Brothers Investment Services — “one of the Catholic world’s most powerful investment organisations” — now have investments of tens of millions of dollars in companies that make sizeable profits from commercial pornography. The Bishops’ guidelines permit these investments because the new rules allow the church to do business with a company as long as income from pornography does not represent “a significant portion of its revenues”.

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This post was last updated: Tuesday, September 8, 2009 at 4:53 PM, Central European Time (CET)