Word of Wisdom (D&C 89)
Doctrine and Covenants Section 89 applied to public company screening.
The LDS framework excludes companies materially involved in alcohol, tobacco, coffee, tea, cannabis, gambling, pornography, and R-rated entertainment production. Drawn from Doctrine and Covenants Section 89 and the public screening framework used by Ensign Peak Advisors.
What it is
Doctrine and Covenants Section 89, known as the Word of Wisdom, is a foundational LDS scripture about temporal stewardship. Modern LDS investing applies it to portfolio construction.
What gets excluded
Alcohol producers and distributors, tobacco companies, coffee and tea producers (including Starbucks, which complicates retail and food-service exposure), cannabis companies, gambling and casino operators, pornography distributors, and producers of R-rated entertainment content.
Who uses it
Deseret Mutual Benefit Administrators (DMBA), Beneficial Financial Group, individual LDS investors, and the Church of Jesus Christ of Latter-day Saints reserve fund managed by Ensign Peak Advisors.
Who uses it
- Deseret Mutual Benefit Administrators
- Beneficial Financial Group
- Individual LDS investors
Sources
- Doctrine and Covenants Section 89
- Ensign Peak Advisors public screening framework
- DMBA investment policy statements
Type any ticker into the screener and see the LDS / Mormon verdict alongside the other 8 frameworks.
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