A $24 Billion Fund Puts Its Religious Stamp on Corporate America
Insurance Journal, By Jeff Green, Saijel Kishan, on January 3, 2025
https://www.insurancejournal.com/news/national/2025/01/03/806788.htm
This article explores the increasing influence of conservative faith-based investors who are using their financial power to push companies away from progressive policies, such as funding Pride events, offering abortion-related benefits, and promoting diversity and inclusion. These groups, with assets amounting to an estimated half a trillion dollars, leverage shareholder proposals, lawsuits, and direct confrontations with executives to sway corporate behavior. At the forefront is Guidestone, a Texas-based investment firm, which has partnered with conservative organizations to target businesses it views as promoting agendas counter to its religious values.
The article also highlights how these investors, despite their minimal shareholder backing, are employing aggressive tactics to push their agenda. This mirrors a broader conservative push against Environmental, Social, and Governance (ESG) policies, which has been criticized as an attempt to silence corporate support for progressive causes. While the investors frame their actions as aligning with their religious beliefs, critics argue they are using financial influence to impose their values on others, regardless of the societal consequences.
The Non-Prophets, Episode 24.03.4 featuring Scott Dickie, Chris Mallard and Eli Slack
Become a supporter of this podcast: https://www.spreaker.com/podcast/the-non-prophets--3254964/support.
Insurance Journal, By Jeff Green, Saijel Kishan, on January 3, 2025
https://www.insurancejournal.com/news/national/2025/01/03/806788.htm
This article explores the increasing influence of conservative faith-based investors who are using their financial power to push companies away from progressive policies, such as funding Pride events, offering abortion-related benefits, and promoting diversity and inclusion. These groups, with assets amounting to an estimated half a trillion dollars, leverage shareholder proposals, lawsuits, and direct confrontations with executives to sway corporate behavior. At the forefront is Guidestone, a Texas-based investment firm, which has partnered with conservative organizations to target businesses it views as promoting agendas counter to its religious values.
The article also highlights how these investors, despite their minimal shareholder backing, are employing aggressive tactics to push their agenda. This mirrors a broader conservative push against Environmental, Social, and Governance (ESG) policies, which has been criticized as an attempt to silence corporate support for progressive causes. While the investors frame their actions as aligning with their religious beliefs, critics argue they are using financial influence to impose their values on others, regardless of the societal consequences.
The Non-Prophets, Episode 24.03.4 featuring Scott Dickie, Chris Mallard and Eli Slack
Become a supporter of this podcast: https://www.spreaker.com/podcast/the-non-prophets--3254964/support.
