Letter to Starbucks Shareholders: Vote Yes for Workforce Diversity Proposal
Boston, MA // February 23, 2018 – Trillium Asset Management has published a letter to shareholders of Starbucks (NASDAQ: SBUX) urging them to vote in favor of a shareholder proposal on the company’s 2018 proxy card. The proposal asks Starbucks to disclose workforce diversity metrics as well as a description of policies and programs focused on increasing gender and racial diversity in the workplace.
The letter provides the following rationale for voting “Yes”:
- Starbucks’ current diversity disclosures are insufficient
- Evidence finds that greater workforce diversity may lead to better business outcomes
- Providing detailed workforce diversity information may contribute positively to company culture
- The Proposal’s request is not cost prohibitive
Contact: Brianna Murphy, Trillium Asset Management, 617-532-6662, firstname.lastname@example.org
Trillium Asset Management, LLC is the oldest independent investment advisor devoted exclusively to sustainable and responsible investing. With over $2.5 billion in assets under management, Trillium has been managing equity and fixed income investments for high net worth individuals, foundations, endowments, religious institutions, and other nonprofits since 1982. A leader in shareholder advocacy and public policy work, Trillium’s goal is to deliver both impact and performance to its investors.
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