"Target changes political donations policy after controversy"
The LA Times reported on Target’s recent change to it’s political donations policy, coming after the nationwide controversy that erupted following last summer’s contributions to MN Forward, an independent political committee that funneled money to a gubernatorial candidate known for his extreme opposition to lesbian and gay civil rights.
Led by Trillium and Walden, 21 investors sponsored a shareholder resolution at Target urging the Board to institute a comprehensive review of Target’s political contributions, including criteria for donations to candidates and how such donations might have a negative impact on Target’s reputation.
“This is at least one more company going on record expressing their preference to be kept out of that line of political spending,” said Shelley Alpern, vice president at Trillium Asset Management Corp., one of the investors that led the push for more transparency at Target.
Click here to read the LA Times article.
Click here to read the press release issued by Trillium and Walden.