Highlights how stewardship investing philosophy supports real-world change through seven impact strategies
GOSHEN, IN, March 30, 2023 /24-7PressRelease/ — Praxis Mutual Funds®, a leading faith-based, socially responsible family of mutual funds from Everence Financial®, today released the Praxis Real Impact 2022 report. The third annual report shares specific real-world impacts arising from the Praxis team’s work to fulfill its stewardship investing mission. Key themes include supporting the low carbon transition, protecting human rights and addressing inequality.
The report highlights real-world change made through the seven distinct impact strategies in the Praxis ImpactX framework:
• Values + ESG Screening.
• Proxy Voting.
• ESG Integration.
• Positive Impact Bonds.
• Company Engagement.
• Advocacy and Education.
• Community Development Investing.
“Many of our investors invest with Praxis to align their money with their values to accomplish a greater impact that benefits others both in their neighborhood and around the world,” writes Praxis Mutual Funds President Chad Horning, CFA® in the report’s introduction. “Our goal is to manage every aspect of the funds for maximum positive impact.”
For the first time, the 2022 report includes impact data from YourStake, a platform that equips asset managers with tools, data, and reporting metrics to make sustainable investing more meaningful and accessible for investors.
YourStake uses data collected from annual company reports, academic literature, and 100+ sources that meet regulatory standards around the world. Its data enables Praxis to compare the social and environmental performance of their funds with their respective benchmarks across a wide range of impact areas.
“We are excited to deepen our clients’ understanding of how their investments align with their values and make a difference in the world around us. Both the new YourStake data and the report as a whole bear witness to the positive impact our investments can have,” said Praxis Vice President of Stewardship Investing Mark Regier.
To download a copy, visit praxismutualfunds.com/real-impact.
About Praxis Mutual Funds
Founded in 1994, Praxis Mutual Funds is a leading faith-based, socially responsible family of mutual funds designed to help investors integrate their finances with their values. Praxis is the mutual fund family of Everence Financial, a comprehensive faith-based financial services organization helping individuals, organizations and congregations. To learn more, visit praxismutualfunds.com and everence.com, or call 800-348-7468.
Consider the fund’s investment objectives, risks, charges and expenses carefully before you invest. The fund’s prospectus and summary prospectus contain this and other information. Call 800-977-2947 or visit praxismutualfunds.com for a prospectus, which you should read carefully before you invest. Praxis Mutual Funds are advised by Everence Capital Management and distributed through Foreside Financial Services, LLC, member FINRA. Investment products offered are not FDIC insured, may lose value, and have no bank guarantee.
Mutual fund investing involves risk. Principal loss is possible. The Fund’s investment strategy could cause the fund to sell or avoid securities that may subsequently perform well, and the application of ESG (environmental, social, governance) and/or faith-based screens may cause the fund to lag the performance of its index.
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