Shareholder advocacy

Praxis engages directly with companies and encourages them to pursue business practices that support positive social change.

Table of cacao beans, powder and chocolate

How we do it

Aspiring for a better world

As shareholders, we are part owners of companies. This means we can talk to the companies we own, and ask them about their policies and practices. Praxis believes it is our responsibility to encourage companies toward responsible business behavior.
Sunlight shining through some treetops

Our focus

We are currently working with companies on issues of environmental sustainability, modern slavery – also known as human trafficking – and corporate responsibility.
Woman leading a board meeting

Magnifying our voice

By working together with like-minded organizations, such as the Interfaith Center for Corporate Responsibility, we show that many people are interested in the issue.
Two women having an engaging conversation

Meaningful action

Communication with executives, board members and governments happens through shareholder resolutions, direct dialogue and coalition work.

Current advocacy initiatives

We center our shareholder advocacy work around three main topics. We partner with organizations associated with ICCR and Ceres to form coalitions that give weight to the positions we urge companies toward.

Solar panels being installed on a roof

Environmental sustainability

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.

Table with cacao beans and chocolate

Modern slavery

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. 

Cows grazing in a pasture

Responsibility issues

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. 

Environmental sustainability

Company Issue Fund holdings* Objective
ConocoPhillips Climate change - oil and gas companies Praxis Growth Index Fund (0.09%), Praxis Value Index Fund (1.35%), Praxis Impact Bond Fund (0.27%) 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 (0.79%) 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 (0.38%) 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 (1.08%) Request company to adapt its business model to enable increased deployment of low-carbon electricity generation and reduce greenhouse gas emissions. Learn more.
Southern Company Climate change - utilities Praxis Value Index Fund (1.02%)
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 (0.10%) 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 (0.20%) 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 Praxis Growth Index Fund (0.27%), Praxis Value Index Fund (0.48%)
Ask company to better disclose the chemicals it uses, reduce methane emissions and mitigate water pollution. 
Sherwin-Williams Lead paint Praxis Growth Index Fund (0.40%)  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 (1.17%)
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 Growth Index Fund (0.12%); Praxis Value Index Fund (0.30%) Ask for company to provide regular updates on measures taken to identify and remove chemicals of concern from products. Learn more.

Modern slavery

Company Issue Fund holdings* Objective
Barry Callebaut Child labor in cocoa supply chain Praxis International Index Fund (0.22%) Request company address child labor concerns through farmer programs, certification schemes and government collaboration. Learn more.
Hershey Child labor in cocoa supply chain
Praxis Growth Index Fund (0.26%)
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 (0.97%)
Request company address child labor concerns through farmer programs, certification schemes and government collaboration. Learn more. Learn more. 
Kroger Farm worker rights Praxis Impact Bond Fund (0.22%), Praxis Value Index Fund (0.42%) Encourage the company to participate in the Fair Food Program.
 Wendy's  Farm worker rights
Encourage the company to participate in the Fair Food Program.

Responsibility issues

Company Issue Fund holdings* Objective
ConocoPhillips Oil development and indigenous rights Praxis Growth Index Fund (0.09%), Praxis Value Index Fund (1.35%), Praxis Impact Bond Fund (0.27%)
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 (0.91%); Praxis Impact Bond Fund (0.48%) 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 (0.70%); Praxis Impact Bond Fund (0.52%) 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 March 31, 2017, and are subject to change. To obtain holdings as of the most previous quarter, please visit the fund pages.

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