Investors to AT&T: Let Shareholders Vote on Open, Free Internet Access for All
October 26, 2011 NEW YORK – Shareholders of AT&T Inc. have filed a proposal calling for the company “to publicly commit to operate its wireless broadband network consistent with network neutrality principles” that would maintain open access to the Internet on wireless networks. The filing comes only weeks before implementation of new Federal Communications Commission rules on network neutrality that provide a broad exemption for wireless broadband networks – the fastest growing segment of the Internet. AT&T has sought in the past to block shareholders from voting on network neutrality issues. A similar shareholder proposal on wireless networks was excluded …
Trillium Stands in Support of Clean Fuel Standards
BOSTON – September 20, 2011 Trillium joined business leaders, other SRI investors, and members of the community at a meeting on September 20th, 2011 to deliver a strong economic argument to Massachusetts Gov. Deval Patrick and 10 other Northeast and Mid-Atlantic Governors in favor of pursuing a regional clean fuels standard in their states. The meeting was hosted by NESCAUM, Northeast States for Coordinated Air Use Management to give stakeholders a chance to discuss an economic analysis, released last month, on the regional impacts of a clean fuels standard. The clean fuel standards require producers to gradually reduce the amount …
United Nations Releases Guiding Principles on Business and Human Rights
Susan Baker Good news came out of the United Nations this summer that has positive implications for shareholder advocates and activists working to promote and protect human rights. The UN Human Rights Council (formerly the UN Commission on Human Rights) endorsed the Guiding Principles on Business and Human Rights: Implementing the United Nations ‘Protect, Respect and Remedy’ Framework.[1] Six years in the making, the Guiding Principles are the first set of standards ever endorsed by the UN that examine the intersection of business and human rights. Unlike the UN Global Compact, a set of voluntary business principles introduced in 2000 …
2011 Resolutions At a Glance
Note: This list includes “lead filings,” where Trillium Asset Management Corporation heads up a coalition of shareholder advocates, and “co-filings,” in which we participate in filings led by others. In the table below, our lead filings are indicated in bold. The text for these resolutions can be found here. Environmental Justice Chevron Add environmental expert to Board of Directors 25% Environmental Justice PPG Disclose environmental impacts at community level 6% Environmental Health Coca-Cola Report on alternatives to Bisphenol-A 25% Environmental Health Dentsply Report on alternatives to Bisphenol-A Withdrawn Environmental Responsibility Sysco Assess water risks in supply chain * Environmental Responsibility Procter …
Home Depot Shareholders Urge Company to Improve Diversity Disclosure
Boston, MA, June 1, 2011 Investors will cast their votes tomorrow at the annual meeting of The Home Depot (NYSE: HD) on a shareholder proposal calling on the company to prepare a diversity report. The resolution, filed by members of the Interfaith Center on Corporate Responsibility requests that the report include the following: 1. A chart identifying employees according to their gender and race, 2. A summary description of any affirmative action policies and programs, and 3. A description of any policies and programs oriented specifically toward increasing the number of managers who are qualified females or minorities. “Employment barriers …
Trillium Signs on to Amicus Brief to Defend Montana's Ban on Corporate Political Contributions
Coalition of socially responsible investors seeks to protect the First Amendment rights of their investors Trillium Asset Management announced today that it has signed on to an amicus curiae brief in Western Tradition Partnership v. Attorney General of the State of Montana, currently before the Supreme Court of the State of Montana. Trillium is joined by a coalition of investors led by Domini Social Investments managing more than $100 billion. The coalition represents a wide range of institutional investors, including mutual fund managers, a private wealth manager, foundations, and healthcare systems. The investor brief supports the state of Montana’s defense …
Trillium joins investors in urging oil companies in Libya to cut off support to Qaddafi regime
Oil Companies Should Halt Revenue Payments to Government, Fund Civilian Recovery WASHINGTON, D.C. – Twenty-four institutional investors, including Trillium Asset Management, called on oil companies doing business in Libya to halt revenue or other payments to the Libyan government. The investors have called on oil companies to place revenue payments into a Libya Recovery Fund that would cut financial support from the government while avoiding undue economic harm to civilians. “Oil companies operating in Libya possess tremendous economic leverage and have an opportunity – and responsibility – to ensure their operations do not support the Libyan government, which has launched …
Trillium Joins Investors in Challenging Nine Oil and Gas Companies on Hydraulic Fracturing Practices
January 21, 2011 Trillium Files Resolution with Anadarko Petroleum to Spur More Responsible “Fracking” Practices BOSTON – Leading U.S. investors today announced they have filed shareholder resolutions with nine oil and gas companies, pressing them to disclose their plans for managing water pollution, litigation and regulatory risks that are increasingly associated with ever-expanding natural gas hydraulic fracturing operations (also known as “fracking”) in the United States. Resolutions were filed with many of the natural gas industry’s significant players, including ExxonMobil, Chevron, Ultra Petroleum, El Paso, Cabot Oil & Gas, Southwestern Energy, Energen, Anadarko and Carrizo Oil & Gas. “Oil and …
Trillium Congratulates Oneida Tribe on Harvard Kennedy School of Government Award
Trillium congratulates the Oneida Tribe for winning an award from the Harvard Kennedy School of Government for their socially responsible asset management strategy. This award honors tribes who show “governmental excellence” and have effective programs for building Native communities, and specified the leading role that the Oneida Nation Trust Advocacy Department has had in the socially responsible investing movement. As quoted by the Harvard Project on American Indian Economic Development, who present the award, “By adhering to their own vision for ethical corporate behavior, and constantly revitalizing their investment policies, the Oneida are making a difference locally and globally.” …
South Africa Leads the World’s Stock Exchanges on Environmental and Social Reporting
Jonas Kron Investors are increasingly recognizing the important role that stock exchanges can play in improving corporate sustainability reporting and ultimately a sustainable economy. Markets, where investors and companies meet, are driven by information. Because of this strategic position, the exchanges, through their listing requirements (which dictate the information corporations must disclose on an annual basis in order to remain listed) have the power to either mandate or incentivize how companies report on their environmental and social impacts. They can also create indexes that recognize leaders in sustainability. One could argue that the most significant environmental and social impact of …
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