Through intentional dialogue with senior company leaders, shareholder and bondholder engagement promotes real, impactful change in corporate policy and practice.
How it works
Engaging a better world
Company engagement - also called shareholder advocacy - means using the rights and privileges conferred by stock or bond ownership to promote corporate change. It can take many forms, such as writing letters or filing shareholder proposals, all the way up to dialogue with company management.
Our focus
At Praxis, we consider productive, direct dialogue with companies to be one of the most effective means of creating real-world change for millions of individuals and communities around the world.
We are excited to share some of our highlights from the past year where engagement led to real, impactful change in corporate policy and practice. To obtain holdings as of the most previous quarter, please visit the fund pages.
Environmental sustainability
Issue
Company
Latest engagement
Climate Change – oil and gas
ConocoPhillips
Dec. 2024 Dialogue with COP to clarify public policy and legislation to advance their climate goals considering their trade association memberships and climate lobbying. Sept. 2024 Dialogue with COP on climate change; discussion included CapEx alignment versus climate scenarios, methane emissions reductions and measurement, board of directors and climate governance, and public policy and climate lobbying.
Climate change – utilities
Duke Energy
Dec. 2024 Dialogue with Duke on its latest Integrated Resource Plan that will substantially shape its business for the next two decades.
Nov. 2024 Climate change dialogue with Duke on Just Transition, Scope 3 emissions, capital alignment, decarbonization strategy, and policy alignment.
Climate change – banks
Citigroup
Nov. 2024 Dialogue with Citi on client transition planning, financed and facilitated emissions disclosures and targets, sustainable finance goals, and policy reporting requirements.
Climate change – banks
JPMorgan
Nov. 2024 Dialogue with JPM on client transition planning, financed and facilitated emissions disclosures and targets, sustainable finance goals, and regulations relevant to climate.
Climate change – banks
Morgan Stanley
Nov. 2024 Dialogue with MS on sustainable finance goals, carbon offsets and credits, and its role in facilitating the transition to cleaner energy.
Climate change – utilities
Southern Company
Oct. 2024 Dialogue with Southern on decarbonization targets, disclosure on coal retirements, renewable energy adoption, and future integrated resource plans.
Climate change –banks
Bank of America
Oct. 2024 Dialogue with BAC on financed and facilitated emissions disclosures and targets, carbon offsets and credits, client transition planning, and sustainable finance goals.
Climate change – methane emissions
US States
July 2024 Joined investor statement imploring states to support strong state-level implementation of newly enacted federal methane regulations; the methane rules were issued by the EPA at the state level to reduce methane emissions and waste from the oil & gas sector.
Addressing inequality
Issue
Company
Latest engagement
Child sexual exploitation
Meta
Dec. 2024 Co-filed a proposal at Meta requesting a report that includes targets and quantitative metrics appropriate to assessing whether and how Meta has improved its performance globally on child safety impacts and harm reduction to children on its platforms.
Forced and child labor
Mondelez
Nov. 2024 Participated in investor letter to MDLZ express our concerns about the human rights risks in their operations and sugar supply chains in Maharashtra, India, particularly for women and children; the letter requested a dialogue in winter 2025.
Living wages
Dollar Tree
Nov. 2024 Dialogue with Dollar Tree on living wages; discussion issues included living wage policy adoption, cost-benefit analyses of wage increases, and wage-setting strategies and compensation metrics.
Child labor
McDonalds
Oct. 2024 Dialogue with McDonald’s on addressing child labor law violations at hundreds of the company’s restaurants in the past ten years.
Human trafficking
Delta
Sept. 2024 Dialogue with Delta on the company’s ongoing commitment to prevent human trafficking; covered human rights due diligence, employee training, and partnerships with non-profit organizations.
Indigenous rights
ConocoPhillips
Sept. 2024 Dialogue with COP on indigenous rights; discussed the implementation of the companies indigenous peoples rights policy at corporate level and in business units, with comparison of Alaska, Canada, Australia, and the Lower 48 states.
Forced and child labor
Coca-Cola
Nestle
Unilever
Aug. 2024 Joined investor letters to food companies about human rights risks in their sugar supply chains in India, particularly for women and children; over 200,000 women and children endure poor working conditions and experience multiple human rights violation; the letter calls on the companies to outline how they will ensure the protection of the rights and well-being of sugarcane workers in the company’s sugar supply chains.
Living wages
Dollar General
Aug. 2024 Dialogue with Dollar General on living wages; discussion issues included living wage policy adoption, cost-benefit analyses of wage increases, and wage-setting strategies and compensation metrics.
Human rights and fair wages
Target
July 2024 Dialogue with Target to discuss the company’s human rights due diligence, including child labor, and its worker equity and benefits policies.
Responsibility engagements
Issue
Company
Latest engagement
Child safety principles
Nintendo
July 2024 Joined investor letter to Nintendo asking for information on how they approach safety by design principles and to take greater measures to ensure child safety.
Tax disclosure
U.S. Securities and Exchange Commission
June 2024 Joined investor petition calling on the SEC to draft a rule to require US-listed issuers to provide additional disclosure of basic tax and relevant financial and operational information disaggregated by country; we believe that tax transparency can mitigate regulatory risks and provide more fairness regarding the tax burden.
Inspiring stories
Making a difference
Read some of the most recent highlights in community engagement.
Equity investing
Praxis pushes for supply chain workers' protections
By
Chris Meyer
Investors urge Nike to adopt stronger labor protections
Since 1994, we have shaped our approach to impact by asking the question "What more can we do?" – and integrating new strategies as they emerge over time.
We are guided by our core values, seeking to hold in tension a responsibility for the productive use of financial resources and a deep-seated concern for the individuals, communities and environments impacted by our investment choices.
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Disclosure
You should consider the fund’s investment objectives, risks, sales charges and expenses carefully before you invest. The fund’s prospectus and summary prospectus contain this and other information. Please read them carefully before you invest.
Investment products are not FDIC insured, may lose value, and have no bank guarantee. Praxis Mutual Funds and Praxis ETFs are advised by Praxis Investment Management, Inc. and distributed through Foreside Financial Services, LLC.
