Letter to J.B. Hunt Shareholders: Vote Yes for Greenhouse Gas Emissions Proposal
Boston, MA // March 19, 2018 – Trillium Asset Management has published a letter to shareholders of J.B. Hunt Transport Services (NASDAQ: JBHT) urging them to vote in favor of a shareholder proposal on the company’s 2018 proxy card. The proposal asks J.B. Hunt to adopt company-wide, quantitative, science-based targets to reduce greenhouse gas (GHG) emissions from its vehicle fleet and operations as well as issue a report, at reasonable cost and omitting proprietary information, discussing its plans and progress towards achieving these targets. The letter provides the following rationale for voting “Yes”:
- There is a strong business case for why JBHT should set GHG emissions reduction targets
- Emissions reductions in the transportation sector are vital to meet global climate challenges
- The Company’s opposition statement is contradictory
- JBHT has not been able to achieve limited-scope emissions reduction targets in the past, suggesting a new approach is needed
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.
Important Disclosure: The information provided is not a recommendation to buy or sell the security mentioned. The security was selected on an objective basis for illustrative purposes and does not represent all of the securities purchased, sold or recommended. It should not be assumed that investments in the security has been or will be profitable.