Praxis champions eco-efficiency

Shareholder advocacy |

Advancing the transition to a more sustainable, low carbon future

Praxis Mutual Funds® participated in shareholder letters to Air Liquide, BMW, National Grid, Statoil and Spectra Energy, encouraging them to incorporate efficient use of energy, water and other natural resources, as well as elimination of wastes into their product and business development plans.

Led by Boston Common Asset Management, the initiative seeks to help companies reduce operational costs, mitigate climate change and supply chain risks, and more effectively achieve corporate sustainability goals through eco-efficiency.

The first round of customized letters contained questions based on each company’s disclosure of climate change management. The initiative’s immediate goal is to encourage companies to achieve rapid reductions of greenhouse gas emissions within their operations and supply chains. Ultimately, eco-efficient practices will advance the long-term transition to a more sustainable, low-carbon society and further the “circular economy,” in which wastes from one company can be resources for another.

The companies chosen for the initial phase of the initiative are concentrated in industries where energy efficiency or energy productivity will lead to the greatest immediate energy and cost savings. Dialogues with the companies will follow as these corporations respond.

This initiative may expand to companies in other industries well-positioned to integrate eco-efficiency measures into their internal operations or that can help customers reduce their greenhouse gas emissions.

Author

Everence staff

Disclosure

Foreside Financial Services, LLC is not affiliated with Calvert Foundation. 

The Fund’s stewardship investing strategy could cause the fund to sell or avoid securities that may subsequently perform well, and the application of social screens may cause the fund to lag the performance of its index.

Calvert Social Investment Foundation, a 501(c)(3) nonprofit, offers the Community Investment Note®, which is subject to certain risks, is not a mutual fund, is not FDIC or SIPC insured, and should not be confused with any Calvert Investments-sponsored investment product. This is neither an offer to sell nor a solicitation of an offer to buy these securities; the offering is made only by the prospectus, which should be read before investing.