Praxis co-files proposal at McDonald's

Resolution calls for phase-out of certain antibiotics

Equity investing | February 15, 2023

Light filtering through tall trees in a forest

Praxis Mutual Funds^® has co-filed a shareholder proposal at McDonald’s that requests the adoption of an enterprisewide policy to phase out the routine use of medically important antibiotics in its beef and pork supply chains.

The requested policy would include global sourcing targets with timelines, metrics for measuring implementation, and third-party verification.

According to the U.S. Food and Drug Administration, 80 percent of all antibiotics used in the United States are given to farm animals. While the therapeutic use of antibiotics for sick individual animals can produce positive outcomes, the routine, supplemental use of antibiotics for all animals concerns scientists.

The World Health Organization says this trend is contributing to an emerging global threat of a post-antibiotic era, where the medicine humans rely on becomes ineffective through overuse in food supply chains.

Praxis and fellow investors have engaged McDonald’s and other fast-food restaurants on antibiotics for over five years in an effort to encourage industrywide action to reduce routine antibiotic use in the meat supply chain. Progress has been made, and Praxis will continue to work on this issue.

McDonald's is held in the Praxis Growth Index Fund, the Praxis Value Index Fund and the Praxis Impact Bond Fund.

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.

Disclosure

As of Dec. 31, 2022, the Praxis Growth Index Fund has invested 0.52% of its assets in McDonald’s; the Praxis Value Index Fund has invested 0.55% in McDonald’s; and the Praxis Impact Bond Fund has invested 0.14% in McDonald’s. Fund holdings are subject to change. To obtain holdings as of the most previous quarter, visit praxisinvests.com.

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 are advised by Praxis Investment Management, Inc. and distributed through Foreside Financial Services, LLC.