Have Faith in Business: Nestle, Religious Shareholders, and the Politicization of the Church in the Long 1970s

During the 1970s, religious activists were heavily involved in national and international campaigns against multinationals and urged firms to adapt their behavior to align with Christian ethics. This article analyzes the strategies of Nestle in addressing religious activism at three levels: national, international, and organizational. The analysis examines Nestle's collaboration with other Swiss and European multinationals and high-ranking church representatives in establishing dialogue platforms that sought to improve mutual understanding and promote tolerance for global capitalism. Nestle also contributed to the creation of guidelines for the main churches in Switzerland that were aimed at their partial depoliticization. When Nestle's executives faced religious shareholder activists during its shareholders' annual general meetings, they chose to engage with them to avoid their radicalization, although most of their demands ultimately remained unanswered. Overall, Nestle contributed to the reorientation of religious discussions to small-scale ethical problems and business self-regulation rather than to substantial reforms of the capitalist economic system.