Praxis withdraws Amazon proposal on racial justice

Shareholder advocacy |

Online retailer agrees to independent audit

During the 2022 proxy voting season, Praxis Mutual Funds® co-filed a shareholder proposal calling for an audit analyzing Amazon’s impacts on civil rights, equity, diversity and inclusion, and the impacts of those issues on Amazon’s business. The lead filer was the New York State Common Retirement Fund. A similar proposal was supported by 44% of Amazon shareholders in 2021. 

Amazon logo

The investors withdrew their proposal after Amazon agreed to conduct an independent audit led by former U.S. Attorney General Loretta Lynch. The audit will investigate “disparate racial impacts” that may result from its employment practices, particularly regarding the company’s hourly workers, among other areas.

One of the Praxis core values is to respect the dignity and value of all people. Praxis believes companies would benefit from assessing the potential risks of their products, services, and practices that are – or are perceived to be – discriminatory, racist, or increasing inequalities. Companies that fail to account for these risks can face controversies that result in customer or employee attrition, negative press, and regulatory pressure.

Praxis and the other filers commend Amazon for listening to its shareholders, making the audit a corporate priority, and taking their impact on racial justice seriously. We look forward to analyzing the results of the audit.

Amazon is held in the Praxis Growth Index Fund.

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

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 June 30, 2022, the Praxis Growth Index Fund has invested 4.80% of its assets in Amazon. Fund holdings are subject to change. To obtain holdings as of the most previous quarter, visit