Praxis Investment Management has published its 2024 annual impact report, providing detailed insights into its innovative approach to stewardship investing that goes beyond traditional financial metrics. The report, titled 'Real Impact 2024', outlines seven distinct impact strategies designed to create meaningful change while generating financial returns.
The company's comprehensive framework encompasses multiple dimensions of responsible investing. Through values and risk screening, Praxis excluded between 5% and 23% of companies from its stock indices, ensuring investments align with core ethical principles. The organization also demonstrated significant shareholder activism by voting on over 16,500 proposals in 2024, signaling a proactive approach to corporate governance.
One of the most notable achievements highlighted in the report is the Praxis Impact Bond Fund, where 34.3% of holdings were invested in socially or environmentally targeted impact bonds as of December 2024. This approach demonstrates the organization's commitment to directing capital toward initiatives that generate positive societal outcomes.
Direct corporate engagement represents another critical component of Praxis's strategy. The company engaged with over 20 companies on crucial issues including human rights, child labor, and environmental stewardship. Additionally, Praxis supported three key initiatives addressing tax transparency, climate crisis mitigation, and methane emissions reduction.
Community development investing emerged as a significant focus, with Praxis investing more than $25.6 million in partnerships aimed at bringing critical services to underrepresented communities. This approach reflects the organization's broader mission of using investment strategies as a tool for social transformation.
Mark Regier, Vice President of Stewardship Investing, emphasized the organization's core philosophy: providing faith-driven investment solutions that allow clients to align their financial resources with their personal values. The report serves as a testament to the potential of intentional, values-based investing to drive meaningful societal change.
As the investment landscape continues to evolve, Praxis's comprehensive approach illustrates a growing trend toward more holistic, socially conscious investment strategies that consider both financial performance and broader societal impact.
