December 19, 20014: Trillium Asset Management (Trillium) is pleased to commend eBay, Inc. (NASDAQ:EBAY) for not renewing its membership in the American Legislative Exchange Council (ALEC).
ALEC has been on the forefront of attacks on state renewable energy programs and other legislative efforts to address climate change.
Trillium began engaging eBay on its membership in this organization in January 2014 and is delighted eBay has joined the growing ranks of companies that have dropped their membership in ALEC. Since August alone, Microsoft, Google, Facebook, Yelp, AOL, and Yahoo have abandoned ALEC.
As an investment firm that integrates environmental and social factors into the investment process, Trillium feels strongly that public policy and the markets must take an aggressive strategy to address climate change. This means ambitious greenhouse gas reduction policies, not only by states and the federal government, but also by corporations. American companies have many opportunities to adopt climate change strategies that are good for the climate and good for their bottom line. ALEC continues to be a barrier to public policy and market-based solutions and we are gratified that eBay has chosen this moment to end its membership.
For More Information: Randy Rice, Trillium Asset Management, 617-515-6889, firstname.lastname@example.org
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