MMA co-filed a shareholder resolution at Cisco Systems to give shareholders a say on executive compensation. At Cisco’s annual meeting last Thursday, the resolution received a “yes” vote from 48% of outstanding shares. Here is the story.

From Wal-Mart’s website:

On November 15, 2007, Wal-Mart released a comprehensive report of its sustainability efforts, outlining initiatives to improve the environment, health care, diversity, sourcing and highlighting the work of its foundation. The report discusses Wal-Mart’s sustainability initiatives and defines the challenges, as well as goals, for moving forward.

In an October 2005 speech titled “Twenty-First Century Leadership,” Wal-Mart committed to three large sustainability goals: to be supplied 100 percent by renewable energy, to create zero waste, and to sell products that sustain our resources and the environment. The report examines the progress Wal-Mart has made toward those commitments and details how the company has worked to integrate sustainable practices into its supply chain, the products it sells, the lives of its associates and the communities where it operates and sources.

MMA Praxis Intermediate Income Fund recently purchased $1 million in ten-year bonds from LL&P Wind Energy, Inc. LL&P will use this money – part of a $54 million bond issue – to finance costs associated with acquiring energy rights to the White Creek Wind Project, located near Goldendale, WA.

LL&P was created in 2006 explicitly to purchase and distribute a percentage of the power generated by the White Creek Project. The company will receive 26% of the annual energy produced by White Creek for at least the next 20 years.

Construction of the wind farm is nearly complete and includes 89 Siemens 2.3 Megawatt wind turbine generators, bringing capacity to 204.7 MW. This is enough electricity to power 38,000 residences. According to White Creek chairman Robin Rego, the site of the project is excellent for wind power production and there is room for further expansion.