Kroger presents human rights statement

Shareholder advocacy |

Praxis and other shareholders had sought this policy declaration

Kroger has made a public statement on its commitment to uphold high standards and expectations for human rights and fair labor practices in its U.S. and global supply chain. The statement lays out Kroger’s policies regarding responsible sourcing and its Vendor Code of Conduct.

Praxis Mutual Funds® and other investor members of the Interfaith Center on Corporate Responsibility have been in dialogue with Kroger for several years on the company’s efforts to integrate human rights standards into its policies. Kroger’s policies are now aligned with the UN Guiding Principles on Business and Human Rights and the ILO Conventions.

Recent shareholder dialogues with Kroger have covered social compliance audits, high risk commodities, and first and second tier suppliers. The company now uses a supplier screening process with third-party assessments when evaluating new suppliers.

When strong human rights standards are integrated into a company’s supplier policies, it sets expectations for vendors and helps companies prevent and mitigate human rights abuses within its supply chain.

Chris Meyer

Author

Chris Meyer
Manager of Stewardship Investing Research and Advocacy

Shareholder Advocacy

At Praxis, our investments generate a competitive financial return and deliver a clear and direct benefit to people and our planet. We believe it is our responsibility to encourage companies toward responsible business behavior.

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Disclosure

As of July 31, 2019, the Praxis Value Index Fund has invested 0.11% of its assets in Kroger; and the Praxis Impact Bond Fund has invested 0.19% of its assets in Kroger. Fund holdings are subject to change. To obtain holdings as of the most previous quarter, visit praxismutualfunds.com.