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
Read the letter to shareholders.
Contact: Brianna Murphy, Trillium Asset Management, 617-532-6662, bmurphy@trilliuminvest.com
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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.
