Praxis engages directly with companies and encourages them to pursue business practices that support positive social change.
We believe God calls us to be faithful stewards of all God has entrusted us. In this topic, we focus on climate change and toxic chemicals.
Modern slavery is one way to describe the coercion and human trafficking of millions of people worldwide. We focus on ethical labor recruitment practices and cocoa farming in West Africa.
We work with companies on recognizing indigenous rights and curbing antibiotic use in farm animals.
Download the quarterly progress report to see the regular progress we’re making. Or take a look at the chart below for an overview of our work.
| Company | Issue | Fund holdings* | Objective |
|---|---|---|---|
| ConocoPhillips | Climate change - oil and gas companies | Praxis Value Index Fund (0.42%); Praxis Impact Bond Fund (0.25%) | Encourage company to set greenhouse gas reduction goals, integrate carbon asset risk into future planning and align environmental goals with public policy. |
| Statoil | Climate change - oil and gas companies | Praxis International Index Fund (0.96%) |
Ask company to withdraw from the Canadian oil sands and integrate carbon asset risk into future planning. Learn more. |
| DTE Energy | Climate change - utilities |
Praxis Value Index Fund (0.20%) | Request company to adapt its business model to enable increased deployment of low-carbon electricity generation and reduce greenhouse gas emissions. Learn more. |
| Duke Energy | Climate change - utilities | Praxis Value Index Fund (0.83%) | Request company to adapt its business model to enable increased deployment of low-carbon electricity generation and reduce greenhouse gas emissions. Learn more. |
| The Southern Company | Climate change - utilities | Praxis Value Index Fund (0.76%); Praxis Growth Index Fund (0.24%) |
Request company to adapt its business model to enable increased deployment of low-carbon electricity generation and reduce greenhouse gas emissions. Learn more. |
| NiSource | Climate change - utilities | Praxis Value Index Fund (0.09%) | Request company to adapt its business model to enable increased deployment of low-carbon electricity generation and reduce greenhouse gas emissions. Learn more. |
| AES | Climate change - utilities | Praxis Value Index Fund (0.09%) | Request company to adapt its business model to enable increased deployment of low-carbon electricity generation and reduce greenhouse gas emissions. Learn more. |
| EOG Resources | Hydraulic fracturing | Ask company to better disclose the chemicals it uses, reduce methane emissions and mitigate water pollution. | |
| Sherwin-Williams | Lead paint | Praxis Growth Index Fund (0.113%) | Encourage company to join the Global Alliance to Eliminate Lead in Paint and take proactive measures to phase out lead in paint. |
| CVS | Safe chemicals policy | Praxis Value Index Fund (0.73%); Praxis Impact Bond Fund (0.24%) |
Ask for company to provide regular updates on measures taken to identify and remove chemicals of concern from products. Learn more. |
| Target | Safe chemicals policy | Praxis Value Index Fund (0.32%) | Ask for company to provide regular updates on measures taken to identify and remove chemicals of concern from products. Learn more. |
| Company | Issue | Fund holdings* | Objective |
|---|---|---|---|
| Barry Callebaut | Child labor in cocoa supply chain | Praxis International Index Fund (0.29%) | Request company address child labor concerns through farmer programs, certification schemes and government collaboration. Learn more. |
| Hershey | Child labor in cocoa supply chain |
Request company address child labor concerns through farmer programs, certification schemes and government collaboration. Learn more. |
|
| Mondelez | Child labor in cocoa supply chain | Praxis Value Index Fund (0.85%) |
Request company address child labor concerns through farmer programs, certification schemes and government collaboration. Learn more. |
| Kroger | Farm worker rights | Praxis Impact Bond Fund (0.19%); Praxis Value Index Fund (0.11%) | Encourage the company to participate in the Fair Food Program. |
| Wendy's | Farm worker rights | Praxis Impact Bond Fund (0.07%) |
Encourage the company to participate in the Fair Food Program. |
| Company | Issue | Fund holdings* | Objective |
|---|---|---|---|
| ConocoPhillips | Oil development and indigenous rights | Praxis Value Index Fund (0.42%); Praxis Impact Bond Fund (0.25%) |
Ask company to adopt free, prior, and informed consent principles and community engagement in extraction areas. |
| Goldman Sachs | Indigenous rights policy | Praxis Value Index Fund (0.68%); Praxis Impact Bond Fund (0.23%) | Request that the company report on its financing of companies involved in pipeline construction and assess whether its practices comply with its existing indigenous rights policy. Learn more. |
| Morgan Stanley | Indigenous rights policy | Praxis Value Index Fund (0.571%); Praxis Impact Bond Fund (0.37%) | Request that the company report on its financing of companies involved in pipeline construction and assess whether its practices comply with its existing indigenous rights policy. Learn more. |
*Fund holdings listed are as of June 30, 2019, and are subject to change. To obtain holdings as of the most previous quarter, please visit the fund pages.
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Or call us at (800) 977-2947.
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For more information about the Funds and advisor resources, contact praxisadvisorinfo@everence.com.
The decisions follow engagement with investors
Changes in chocolate industry encouraging
Shareholder coalition encouraged by conversation
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