In partnership with investor colleagues, Praxis Mutual Funds® has co-filed a proposal at Apple to address online child exploitation. The resolution requests that Apple publish a report assessing risks of its products and services being used to facilitate online sexual exploitation of children, including metrics on the effectiveness of Apple’s prevention efforts such as the amount of child sexual abuse material (CSAM) transmission prevented annually, by March 2025.
Each year, millions of images and videos of CSAM circulate online. In 2022, the National Center for Missing and Exploited Children received 31 million reports of alleged child sex abuse material.
Online sexual exploitation of children poses material business risks to Information, Communication and Technology (ICT) companies and investors. In addition to reputational and legal risks, emerging legislation, including the United States’ STOP CSAM Act and Kids On-line Safety Act, the European Union’s Digital Services Act, the United Kingdom’s Online Safety Bill, and Australia’s Online Safety Act aims to hold tech companies responsible for keeping children safe online, and impose penalties that present financial risks for failing to adequately address the problem.
Praxis has been active in engaging ICT companies on the subject of CSAM for several years. Praxis will continue to work with Apple and other ICT companies to prevent the transmission of CSAM.