Investors make change by filing company proposals
Praxis and other ICCR members create impact through shareholder resolutions

The Interfaith Center on Corporate Responsibility recently released its 2023 proxy season recap – Catalyzing Corporate Change – that reviews the accomplishments of shareholder proposals filed by ICCR members in the past year.
ICCR is a member-based coalition of over 300 global institutional investors representing more than $4 trillion in managed assets. Praxis Mutual Funds has been an ICCR member for more than two decades and collaborates with other ICCR investors to engage companies on social and environmental risks resulting from corporate operations and policies.
Shareholder resolutions do not need to receive a majority of votes to make an impact. In fact, double-digit levels of support are often sufficient to move the company to provide a meaningful response, such as dialogue with the shareholders.
Praxis co-filed three proposals in the past year, including one filed at Morgan Stanley on climate transition planning that was withdrawn for a commitment. Resolutions at McDonald’s on antibiotics and Amazon on racial and gender pay gaps went to a vote and have led to discussions with the companies.
Amazon, McDonald’s, and Morgan Stanley are held in the Praxis Value Index Fund. Amazon and McDonald’s are also held in the Praxis Growth Index Fund.