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Proposals were withdrawn 174 times before they came to votes due to agreements with the companies, representing over a third of all filings. Two Praxis proposals were withdrawn because agreements were reached with Amazon and The Home Depot.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