Pax World was founded in 1971 to enable investors to align their investments with their values. The investment management company was the first to launch a socially responsible mutual fund using social as well as financial criteria in the decision-making process. As of 2017, Pax World manages over US$ 4.7 billion.
Today, the firm is still committed to sustainable investing – ESG factors are fully integrated in the investment analysis and portfolio construction. Further, the management company excludes firms involved in weapons, tobacco, oil sands, and coal. Pax World seeks to impact company behaviour regarding climate change and gender diversity by filing shareholder proposals and engaging with portfolio companies. Finally, the investment company reports on their approach to climate change using the TCFD recommendations.
Task Force on Climate-related Financial Disclosure Report
Spotlight on Engagement - Gender Diversity