Shareholder advocacy
Praxis engages directly with companies and encourages them to pursue business practices that support positive social change.
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.
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.
Issue | Company | Latest engagement |
---|---|---|
Climate change – utilities | American Electric Power |
Aug. 2023 Dialogue with AEP on greenhouse gas targets and climate-related disclosures, climate lobbying, energy efficiency, Just Transition, renewable energy and capital expenditure plans. |
Climate change – oil and gas | ConocoPhillips |
March 2023 Dialogue on climate change including CapEx alignment versus climate scenarios, end use of products (Scope 3 emissions), climate lobbying and trade associations, and board oversight of climate strategy. |
Climate change – banks | Citigroup |
Sept. 2023 Dialogue on climate change, covering Net Zero carbon commitments, greening the company’s lending portfolio, and renewable energy financing. |
Climate change – banks | Morgan Stanley |
Sept. 2023 Dialogue on climate change, covering Net Zero carbon commitments, greening the company’s lending portfolio, and renewable energy financing. |
Climate change – proxy voting | ISS |
Aug. 2023 Joined investor letter encouraging ISS to strengthen its benchmark policy on climate, as well as develop specialty policies that would provide a gold-standard approach to comprehensive climate voting recommendations and issuer analysis. |
Antibiotics | McDonald's |
Jan. 2023 Dialogue with McDonald’s on ground for withdrawal of our shareholder proposal. The proposal requests that the company adopt an enterprise-wide policy to phase out the use of medically important antibiotics in its beef and pork supply chains. |
Biodiversity | BRF |
March 2023 Dialogue with BRF on biodiversity, waste, and pollution risks and opportunities in its agricultural practices. |
Issue | Company | Latest engagement |
---|---|---|
Human trafficking | Delta Airlines |
July 2023 Dialogue to discuss the company’s ongoing efforts to address human trafficking, including employee training, victims’ services, and coordination with law enforcement. |
Online child exploitation | Apple |
Sept. 2023 Co-filed shareholder proposal requesting that Apple publish a report by March 2025 that assesses the risks of its products and services being used to facilitate online sexual exploitation of children, and the company’s efforts to prevent this activity. |
Online child exploitation | AT&T |
Feb. 2023 Dialogue with AT&T on prevention and action regarding online child exploitation. Conversation focused on measures companies are taking to protect children, metrics companies can report on this subject, and partnerships with law enforcement, NGOs, and industry peers. |
Indigenous rights | Newmont |
Sept. 2023 Dialogue on their mining operations and relations with workers and indigenous tribes. |
Indigenous rights | Insurance companies |
March 2023 Dialogue on indigenous rights with ConocoPhillips focusing on indigenous communities in Alaska’s North Slope, the Willow Project, and the process for gaining consent for development from communities. |
Fair wages | Nike |
Sept. 2023 Joined investor letter asking the company to pay outstanding wage payments for garment workers in factories in Cambodia and Thailand employed by the Ramatex Group. Workers were dismissed and/or did not receive legally owed partial wages during a factory shutdown. |
Worker health and safety | Dollar General |
Sept. 2023 Signed on to investor letter requesting a meeting to discuss how the company is implementing the worker health and safety audit shareholder proposal and to share investor recommendations for the audit and reporting process. |
Racial inequality |
Feb. 2023 Joined investor statement regarding the European Commission’s proposed legislation governing artificial intelligence (AI). While AI can enable advancements in some areas, it can contribute towards harms such as wide-spread surveillance, invasion of privacy and discrimination against the most vulnerable. |
|
Forced labor |
Jan. 2023 Signed on to investor statement supporting robust forced labor regulations and welcoming the European Commission’s proposal to prohibit products made with forced labor from entering the European Union market. |
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Subminimum wage |
March 2023 Joined investor statement in support of ending the subminimum wage;. A “subminimum wage” is a wage paid that is less than the federal or state mandated minimum wage, which federal law allows with certain groups of workers. The subminimum wage upholds systemic racism and disproportionately impacts women. |
Issue | Company | Latest engagement |
---|---|---|
Tobacco | Walgreens |
Feb. 2023 Joined investor letter requesting a dialogue on the company's future strategy on tobacco sales and statements promising transparency regarding the issue. |
DOL ESG rule | U.S. House of Representatives |
Feb. 2023 Participated in investor letter to Congress in support of the Department of Labor’s ESG Rule and opposing actions that would take away investor choice. |
Drug pricing | Pharmaceutical companies |
Aug. 2023 Pharmaceutical companies are filing a lawsuit against the Department of Health and Human Services over the IRA provision allowing the government to negotiate drug prices. Joined investor statement asking the companies and their trade associations to drop the lawsuits. |
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