Trillium, Ceres, and Investors Welcome California’s Senate Bill 32

Boston, MA// August 26, 2016: This week, California’s state assembly passed an important climate bill extending greenhouse gas emission (GHG) targets, a critical step towards global effort to adopt strong climate policy.
Under the new law, Senate Bill 32, legislation requires reducing greenhouse gas emissions to 40% below 1990 levels by 2030, extending the current climate law, Assembly Bill 32 (AB 32), which requires the state to reach 1990 levels by 2020. “Today’s action reinforces California’s leadership and commitment to a low-carbon economy and sends a powerful signal to the rest of the country and the world that they should do the same,” stated Ana Zacapa, Ceres California Program Director. Jonas Kron, Trillium’s Director of Shareholder Advocacy, says:

California is showing that moving forward with intelligent climate policy can be beneficial to the environment and the economy at the same time. Climate polluting emissions are being cut while growing the economy. Last year the state posted a 3.29% growth rate and created 483,000 jobs, the most of any state by far while at the same time the most recent data show California is just three percent above its old 2020 goal of reducing emissions to 1990 levels.

On August 3, Trillium joined Ceres and approximately twelve other companies and investors in Sacramento to express support for the climate bill. Organized by Ceres, representatives from Levi Strauss & Co., Sierra Nevada, Dignity Health, BYD, Novozymes, and Xylem and several other businesses met with Assembly Speaker Anthony Rendon and Governor Jerry Brown’s staff over the course of 18 in-person meetings.
Trillium is confident that these types of changes will encourage other states and nations to adopt more low-carbon initiatives. As a firm that uses advocacy to positively impact legislation and policy, we were delighted to share our perspective with legislators and commend California’s state assembly for taking such a positive leadership role on clean energy and climate change.

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