Pax World was founded in 1971 by two men with a well-defined mission. Luther Tyson and Jack Corbett, who had worked on peace, housing and employment issues for the United Methodist Church, wanted to make it possible for investors to align their investments with their values. At the same time, they wanted to challenge corporations to establish and live up to specific standards of social and environmental responsibility.
Their vehicle was the Pax World Fund. Launched on August 10, 1971 with $101,000 in assets, it was the first publicly available mutual fund in America to use social as well as financial criteria in the investment decision-making process.
Little could Tyson and Corbett have imagined that their Fund, now called the Pax Balanced Fund, would help give birth to the Sustainable Investment industry.
Today, Pax World is at the forefront of Sustainable Investing — the full integration of Environmental, Social and Governance factors (ESG) into investment analysis and portfolio construction — which Pax World President & CEO Joe Keefe calls “simply a better, smarter way to invest.”