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A $20 Billion Fund Puts Its Religious Stamp on Corporate America

The article from MSN discusses how the $20 billion fund, managed by the Church of Jesus Christ of Latter-day Saints (LDS Church), is influencing corporate America by investing in companies that align with its religious values. Known as Ensign Peak Advisors, this fund has stakes in major corporations like Apple, Microsoft, and Alphabet, but it also engages in shareholder activism to push for changes that reflect the church's moral and ethical standards. This includes advocating for policies on issues like abortion, environmental responsibility, and corporate governance. The fund's approach has sparked debate about the role of religious institutions in corporate governance, with some praising the alignment of business practices with ethical considerations, while others criticize it as an overreach of religious influence into secular business operations. Ensign Peak's strategy involves not just financial investment but also using its shareholder power to influence corporate behavior in line with LDS Church teachings.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/executive-leadership-and-management/a-20-billion-fund-puts-its-religious-stamp-on-corporate-america/ar-AA1wUhMr ]