Investors Press Nike, Pepsi, and FedEx on Business Relationships with the Washington D.C. NFL Football Team
June 26, 2020 Today, 88 organizations representing $620 billion in assets sent letters to Nike, FedEx, and Pepsi urging the companies to terminate their business and public relationships with the National Football League’s (NFL) Washington D.C. franchise, if it does not stop using the name “Redskins.” The letters quote from the 2018 National Congress of American Indians resolution which stated: the use of the R-word as the name and mascot of the Washington National Football League team is offensive and hurtful to American Indian and Alaska Native people and causes direct, harmful effects on the physical and mental health and …
Sustainable Packaging Proposal at Starbucks Receives 44.5% Vote
March 29, 2019//Boston, MA – Over 44 percent of shares voted for a proposal Trillium co-filed asking Starbucks to increase the scale and pace of its sustainable packaging initiatives. Global awareness of the plastic packaging problem continues to grow, characterized by a prediction that by 2050 there will more plastic in the oceans than fish. “We believe Starbucks has not taken enough responsibility for its contributions to the global plastics problem, therefore we thought this proposal was necessary to encourage the Company to strengthen its sustainable packaging initiatives globally,” said Allan Pearce, a Shareholder Advocate at Trillium. For instance, in …
IQVIA Holdings Strengthens Director Recruitment Process with Enhanced Disclosures on Board Diversity
Boston, MA // (March 26, 2019) – Trillium Asset Management is pleased to announce that we have successfully withdrawn a shareholder proposal at life sciences company IQVIA Holdings, Inc. (NASDAQ: IQV). In January and in taking steps to ensure that women and racially diverse candidates are in the pool from which Board nominees are chosen, the Company agreed to embed a commitment to diversity inclusive of gender, race and ethnicity in its Corporate Governance Guidelines and 2019 proxy statement. Additionally, we commend the company for appointing Carol J. Burt to its Board of Directors. Ms. Burt, appointed in February, has …
3M Announces New Renewable Energy Goal
March 11, 2019: In recent weeks 3M (NYSE: MMM) announced a new goal to source 100% renewable energy across all of its global facilities by 2050. Alongside this goal the company has also joined RE100 – a leading group of companies who have made commitments to source 100% of their energy needs from renewable sources. In 2015 Trillium filed a shareholder proposal that led to 3M setting its first-ever quantitative renewable energy goals. Trillium applauds 3M for taking this momentous next step in accelerating the company’s renewable energy sourcing. Companies increasingly have the opportunity to drive significant change in the …
Fugitive Methane Shareholder Proposals Receive Strong Support from Investors
Spectra Energy, Oneok, and Range Resources shareholders call for greater transparency into the environmental profile of natural gas; Range responds with an aggressive attack on shareholder rights. FOR IMMEDIATE RELEASE May 23, 2013: A series of strong shareholder votes have sent a clear message that natural gas companies must do much more to address fugitive methane leakage and management. Shareholder proposals asking Houston-based Spectra Energy (NYSE: SE), Tulsa-based Oneok (NYSE: OKE), and Fort Worth-based Range Resources (NYSE: RRC) to issue reports on how they are managing high-climate-change-impact methane emissions have received favorable votes from company shareholders: 35.4%, 38.2%, and 21.7% …
Diverse Coalition of Global Investors Managing More Than $1.5 Trillion Calls for Systemic Reforms to End Human Rights Abuses in Apparel Supply Chains
INTERFAITH CENTER ON CORPORATE RESPONSIBILITY FOR IMMEDIATE RELEASE As a First Step, Investors Urge Manufacturers and Retailers to Join the Bangladesh Accord on Fire and Building Safety NEW YORK, Wednesday, May 22, 2013 – Concerned that human rights catastrophes like the April 24 collapse of the Rana Plaza in Bangladesh might recur if sweeping reforms aren’t promptly implemented, a global coalition of institutional investors are calling on apparel manufacturers and retailers to join the Accord on Fire and Building Safety. The investor group includes nearly 200 signatories from 16 countries in North America, Europe and Australia with combined assets valued …
Green Century Balanced Fund, Subadvised by Trillium, Has Half the Carbon Intensity of the S&P 500
The Green Century Balanced Fund (GCBLX), which is subadvised by Trillium Asset Management, recently announced that it is 49.5% less carbon intensive than the S&P 500 Index without compromising financial returns. You can read the full report here. …
MSN Money: Shareholder Spring? Protesters Roil Annual Meetings
The Fiscal Times/MSN Money recently ran a story on how shareholders and protesters are paying more attention to annual shareholder meetings. “ In Charlotte, city officials braced themselves for the biggest turnout of protesters yet, as Bank of America held its own annual meeting Wednesday and hundreds of protesters gathered outside the banks’ headquarters.”, writes Suzanne McGee. “To a growing number of investors, the definition of acting in the best interests of a company’s shareholders is changing, slowly but steadily, as is that of what constitutes an acceptable return on their investment. It’s no longer enough to generate outsize returns …
Trillium Withdraws Three Shareholder Resolutions Related to Corporate Political Spending
Boston, MA — March 21, 2012. Trillium Asset Management, LLC (“Trillium”) is pleased to announce the withdrawal of three 2012 shareholder resolutions related to corporate political spending. Trillium has recently withdrawn resolutions filed with Chubb Corp. (NYSE – CB), State Street Corp. (NYSE – STT) and Halliburton Company (NYSE – HAL) after the companies committed to make improvement in their transparency and accountability in their corporate spending on political activities. “As long-term investors, Trillium is concerned that gaps in transparency and accountability expose companies to reputational and business risks that could threaten long-term shareholder value. Publicly available data does not …
First Peoples Worldwide Announces Partnership with Trillium Asset Management
Research and Advocacy Collaboration To Promote Indigenous Voices in the Boardroom Contacts: Lisa MacKinnon, Trillium Asset Management (617) 423-6655 Katie Cheney, First Peoples Worldwide (540) 899-6545 February 1, 2012 — First Peoples Worldwide (FPW), a global indigenous nonprofit dedicated to strengthening Indigenous Peoples, today announced a new partnership with Trillium Asset Management. Under the terms of the partnership, Trillium is undertaking custom research and shareholder advocacy focused on how corporate policies and programs can better protect and enhance Indigenous Peoples’ rights. Founded in 1997 by widely acclaimed advocate Rebecca Adamson, FPW supports projects that preserve biodiversity, identify contemporary applications for …
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