Praxis engages ConocoPhillips on indigenous rights

Shareholder advocacy |

Continuing years of dialogue with several companies

In cooperation with investor partners, Praxis Mutual Funds® has engaged ConocoPhillips on indigenous rights issues for more than a decade. The most recent conversation took place in October, covering the company’s Indigenous Peoples Sustainability Report, regional updates from Canada, Australia, and Alaska, and a discussion over metrics meant to measure the company’s social performance in these areas.

ConocoPhillips logo

During the course of this engagement, ConocoPhillips has made progress on developing positive and mutually beneficial relationships with the indigenous communities it relates to, and implementing a robust free, prior, and informed consent (FPIC) structure. ConocoPhillips was one of the first energy companies to embed the UN Guiding Principles on Business and Human Rights into their human rights policy.

Praxis has also engaged other companies on indigenous concerns. Several years ago, at the request of local indigenous communities, Praxis co-filed shareholder proposals at Goldman Sachs and Morgan Stanley related to the Dakota Access Pipeline and indigenous rights. Both were providing financing to companies building the pipeline, despite having strong indigenous rights policies.

Praxis and the other filers withdrew their proposals after the companies agreed to review how they could extend their indigenous rights policies to cover more energy and mining infrastructure operations, leading to better outcomes on controversial projects.

Additionally, Praxis has participated in numerous shareholder letters and statements to banks, insurers, and energy companies – urging restraint in the development of mining and energy projects where indigenous groups oppose them.

Praxis will continue to collaborate with other investors and indigenous communities to promote indigenous peoples’ right to self-determination.

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.



As of Oct. 31, 2021, the Praxis Value Index Fund has invested 3.41% of its assets in ConocoPhillips. Fund holdings are subject to change. To obtain holdings as of the most previous quarter, visit

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