Trillium Files Two Dozen Shareholder Proposals for 2015
Our Firm is Preparing for a Very Active Annual Meeting Season, with 23 Pending Shareholder Proposals
JANUARY 12, 2015: Trillium Asset Management’s shareholder advocacy team has filed or co-filed 24 proposals for the 2015 shareholder season. Proposals were filed on issues including climate change, political spending, diversity, Internet privacy, sustainable agriculture and Native American rights.
One of the proposals, a greenhouse gas proposal filed with Costco, has already been successfully withdrawn.
Concerned investors, including Trillium, are able to move corporations toward more sustainable business practices through dialogue and other methods. However, shareholder proposals continue to play an important role. Providing shareholders with a vehicle for expressing concerns about material environmental and social issues is vital for encouraging corporate sustainability that is in the best interest of the public, shareholders and the companies themselves.
Trillium is only able to achieve this level of engagement with the support of many partners including other financial services firms, as well as organizations including CDP, Ceres, ICCR, IEHN, OpenMIC, PRI, USSIF, and The Center for Political Accountability. Working closely with these partners, with the strong support of our clients, makes these engagement efforts more impactful and demonstrates the strength and endurance of shareholder advocacy.
A list of shareholder proposals that Trillium has filed or co-filed over the past 15 years can be viewed at: https://archive.trilliuminvest.com/approach-to-sri/shareholder-proposals.
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For more information: Randy Rice, Trillium Asset Management, (617) 515-6889, rrice@trilliuminvest.com
IMPORTANT DISCLOSURE: The views expressed are those of the authors and Trillium Asset Management, LLC as of the date referenced and are subject to change at any time based on market or other conditions. These views are not intended to be a forecast of future events or a guarantee of future results. These views may not be relied upon as investment advice. The information provided in this material should not be considered a recommendation to buy or sell any of the securities mentioned. It should not be assumed that investments in such securities have been or will be profitable. To the extent specific securities are mentioned, they have been selected by the authors on an objective basis to illustrate views expressed in the commentary and do not represent all of the securities purchased, sold or recommended for advisory clients. The information contained herein has been prepared from sources believed reliable but is not guaranteed by us as to its timeliness or accuracy, and is not a complete summary or statement of all available data. This piece is for informational purposes and should not be construed as a research report.