Trillium Successfully Withdraws Greenhouse Gas Shareholder Proposal at Tractor Supply Company
March 20, 2017 // Boston, MA – Trillium Asset Management is pleased to announce that we have successfully withdrawn our 2017 shareholder proposal filed at Tractor Supply Company (NASDAQ: TSCO). The proposal asked the company to “…adopt quantitative, time-bound, company-wide, science-based goals for reducing total greenhouse gas (GHG) emissions from products and operations.”
Trillium withdrew the proposal following a commitment from the company to set quantitative greenhouse gas (GHG) reduction targets. The goals will cover both scope 1 and scope 2 emissions from their 1,600 stores located across 49 states. The company has committed to make these goals public by the end of 2018. Following their emissions evaluation Tractor Supply will begin responding to the Carbon Disclosure Project (CDP).
By committing to establishing these goals, Tractor Supply is taking a significant step towards reducing the company’s greenhouse gas emissions. We believe this will be the first of many steps the company will take to disclose and mitigate its carbon footprint. In setting greenhouse gas emissions targets, Tractor Supply joins the growing ranks of companies already managing and reducing their emissions. Presently, 60 percent of Fortune 100 companies have GHG reduction commitments, renewable energy commitments, or both.
We commend Tractor Supply for engaging in a productive dialogue and for recognizing the importance of disclosure and goal-setting in maximizing the company’s emissions reductions.
This information is not a recommendation to buy or sell the security mentioned. It should not be assumed that investments in such security has been or will be profitable. The security mentioned was selected to illustrate the views expressed and does not represent all of the securities purchased, sold or recommended.