Praxis Mutual Funds®, a leading faith-based family of mutual funds from Everence Financial®, was named the global 2023 Faith-Based Organization of the Year by Environmental Finance in its IMPACT Award program. The recognition follows the introduction of the Praxis ImpactX framework to help investors understand the real-world impact of their investments across seven distinct impact strategies.
“At Praxis, we recognize that everyday investors – including those who choose broadly diversified investments such as index funds – want to not only align their dollars with their values but to maximize real-world impact,” said Stella Tai, Stewardship Investing Impact and Analysis Manager. “The Praxis ImpactX framework expresses our longstanding efforts to find everything we can do to make a difference in the context of index and other broadly diversified funds.”
Environmental Finance's annual IMPACT Awards recognizes the work of impact investors internationally and highlights best practices, across all asset classes and all geographies. Winners were selected by an advisory panel consisting of industry experts made up of investors, pension fund managers and insurers, along with the Environmental Finance editorial team.
“Our concept of ‘stewardship investing’ recognizes that investments need to meet practical needs – such as pursuing market-level returns and addressing investor concerns around volatility – while also aligning investors’ faith and values with their investments,” said Mark Regier, Vice President of Stewardship Investing. “We’re honored to be recognized by Environmental Finance for this work for the second time, which builds on nearly 30 years of showing both financial advisors and investors what’s possible.”
To view the Praxis Mutual Funds winning entry and full list of 2023 IMPACT Award winners, visit the Environmental Finance website. Environmental Finance previously named Praxis its 2020 Faith-Based Organization of the Year.