ICCR report highlights 2022 shareholder successes

Shareholder advocacy |

Praxis proposals and engagements included

Interfaith Center on Corporate Responsibility logo stacked
The Interfaith Center on Corporate Responsibility recently released its 2022 proxy season recap – Catalyzing Corporate Change (PDF) – that reviews the accomplishments of shareholder proposals filed by ICCR members in the past year.

It was a banner year for ICCR proposals, with over 500 filed by members at companies on subjects ranging from human rights to climate change to political lobbying. A record 37 proposals received majority support, and many more received substantial support.

Amazon logo
Proposals were withdrawn 174 times before they came to votes due to agreements with the companies, representing over a third of all filings. Two Praxis proposals were withdrawn because agreements were reached with Amazon and The Home Depot.

Home Depot logo
Overall, the report outlines the extraordinary success ICCR members had in making impactful change in the last year through resolutions and engagements.

ICCR is a member-based coalition of over 300 global institutional investors currently representing more than $4 trillion in managed assets. ICCR members regularly engage companies to identify and mitigate social and environmental risks resulting from corporate operations and policies.

Praxis has been an ICCR member for more than two decades, working in coalition with numerous faith-based partners to make an impact through shareholder advocacy.

Amazon and The Home Depot are held in the Praxis Growth Index Fund. The Home Depot is also held in the Praxis Value Index Fund.

Chris Meyer, Stewardship Investing Research and Advocacy Manager | Praxis Mutual Funds

Author

Chris Meyer
Stewardship Investing Research and Advocacy Manager

Shareholder Advocacy in Action

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.

 

Disclosure

As of July 31, 2022, the Praxis Growth Index Fund has invested 5.40% of its assets in Amazon and 1.43% in Home Depot; the Praxis Value Index Fund has invested 0.50% of its assets in Home Depot. Fund holdings are subject to change. To obtain holdings as of the most previous quarter, visit praxismutualfunds.com.