Webinar Replay: 2020 Economic and Advocacy Outlook
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 …
Travelers Fully Discloses Workforce Diversity Data after Multi-year Engagement
January 23, 2020// Boston, MA Trillium Asset Management is pleased to announce that after four years of engagement, Travelers Companies (NYSE: TRV) has begun releasing its entire EEO-1 chart with a full breakdown of all employees categorized by gender and race/ethnicity. This comes in response to a 50.9% vote at the Travelers 2019 annual meeting on a shareholder proposal on workforce diversity – a strong message to the board from investors to strengthen its workplace diversity reporting and performance. The newly disclosed chart gives a snapshot of Travelers’ 2019 workforce by role, gender, and ethnic/race status. With more than 27,000 …
Research from Trillium and Impact-Cubed Declares It’s Time to Divest from Guns
For immediate release: December 9, 2019 Contact: Elizabeth Levy, Partner and Portfolio Manager, Trillium Asset Management, elevy@trilliuminvest.com, 617-532-6660 Arleta Majoch, Product Specialist, Impact-Cubed, arleta.majoch@impact-cubed.com Boston, MA and Jersey, U.K., December 9, 2019 While Americans are clearly fed up with gun violence and a political solution remains out of reach, there exists a potentially important avenue for progress that is within reach – finance. The retirement assets of millions of Americans continue to be invested in gun companies, largely through passive pension funds and mutual funds that track benchmarks. However, new research has found that removing gun and ammunition manufacturers from …
Energy News Network: Massachusetts divestment movement seeks to capitalize on fossil fuels’ decline
On December 3, 2019, Energy News Network published an article regarding the recent shift in the State of Massachusetts’s understanding of fossil fuel company divestment. The article features Trillium’s Elizabeth Levy, Partner and Portfolio Manager on our Fossil Fuel Free Core strategy. “Fossil fuels have been a terrible investment for at least the last five years. Though fossil fuel companies have historically been solid investments, the trend has shifted over the past several years…New technology, dropping prices, and government incentives have made renewable energy, energy efficiency, and electric vehicles more accessible to everyone, slowing the growth in demand for fossil …
Crain’s Chicago Business Op-Ed – Kraft Heinz: A cautionary cost-cutting tale
On December 3rd, 2019, Crain’s Chicago Business published a commentary authored by Environmental Health Strategy Center’s Mike Belliveau and Trillium Asset Management’s Susan Baker titled, “Kraft Heinz: A cautionary cost-cutting tale”. Read the full commentary below and online here. — Kraft Heinz: A cautionary cost-cutting tale Facing financial woes and lagging profits, the food giant must clean up its act—and its supply chain—to win customers back. With brands like Heinz ketchup and Kraft macaroni and cheese, Kraft Heinz is an iconic food company—and it’s in trouble. The Chicago-based food giant is facing a tough turnaround. Kraft Heinz began the year by taking an …
Institutional Investors Renew Call for an Independent Board Chair at Facebook as Controversies Continue Unabated
FOR IMMEDIATE RELEASE December 3, 2019 CONTACTS: Paris Ervin, Illinois, 217.524.5749, PErvin@illinoistreasurer.gov Evan England, Rhode Island, 401.222.2240, evan.england@treasury.ri.gov Hazel Crampton-Hays, New York City, 917.594.2318, hcrampt@comptroller.nyc.gov Jonas Kron, Trillium, 413.522.2899, jkron@trilliuminvest.com Jackie Primeau, Connecticut, 860.702.3245, jackie.primeau@ct.gov Ashley Mathews, Pennsylvania, 717.787.299, amatthews@patreasury.gov Treasurers release findings on which mutual funds voted in support of an independent chair – and which did not The group of investors that led the 2019 shareholder proposal at Facebook seeking an independent board chairman today released its findings of proxy voting data, which reveals which mutual funds joined the supermajority (68%) of Facebook’s outside shareholders who voted against …
Statement of Jonas Kron, SVP, Trillium Asset Management on SEC Open Meeting Regarding Shareholder Proposal Process 11/5/2019
November 5th, 2019—For over 70 years, the shareholder proposal rule has served main street investors, companies, and the public well. It has promoted and supported a marketplace of ideas that has harnessed the innovations and perspectives of small investors to the benefit of companies, workers, communities, the environment, and our economy. It has also served as an important counter-balance to crony capitalism and the concentration of power in corporate executives. But the proposed rule issued today, if adopted, would weaken this important engine of the marketplace and would tip the scales in favor of corporate managers. By making the eligibility …
Trillium Hosts the Woods Hole Research Center and the Arctic Initiative at the Harvard Kennedy School Belfer Center to discuss global significance of thawing arctic permafrost
On October 17th at District Hall in Boston, Trillium hosted The Woods Hole Research Center and the Arctic Initiative at the Harvard Kennedy School’s Belfer Center for Science and International Affairs, for a night focused on discussion of the global significance of thawing arctic permafrost. The evening featured three speakers, introduced by our own Elizabeth Levy: Dr. Sue Natali and Dr. Brendan Rogers, both associate scientists at Woods Hole Research Center, and Dr. John Holdren, A Professor of Environmental Policy at the Harvard Kennedy School of Government, Belfer Center for Science and International Affairs. As the talk unfolded, it became …
Trillium Celebrates 20 Years of Fossil Fuel Free Investing
Trillium is among the oldest investment advisory firms exclusively focused on environmental, social and governance (ESG) investing with over 35 years of experience. Environmental responsibility has been, and remains, a key focus at Trillium. Trillium’s Global Equity strategy, one of the Firm’s three Fossil Fuel Free investment strategies, has begun celebrating its 20th anniversary year. Trillium’s CEO and Co-Portfolio Manager of the strategy, Matt Patsky, reflects on this significant milestone. “When this strategy launched in 1999, the human influence on the global climate was just becoming evident. Since that time, we have seen a global transition towards a more sustainable …
Trillium Supports Two NativeEnergy Offset Programs with 2018 Carbon Offsets
As Trillium seeks to influence businesses and policy to act on climate change, economic empowerment, human rights, and many other factors considered within our sustainable investment approach, we aim to look within to ensure that we are also embodying these practices. In an effort to offset carbon emissions from our business activities, we are working in collaboration with NativeEnergy, a provider of carbon offset programs. NativeEnergy offers a program called Help Build™ which works with companies like us to customize carbon offset projects that are tailored to a company’s unique needs, values, and overall strategy. An offset program, in the …
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