Trillium’s Statement on U.S. Withdrawal from the Paris Climate Agreement
June 1, 2017// Boston, MA – President Trump’s decision to withdraw the United States from the Paris Climate Agreement is a major setback for the planet and the economy. But our optimism will not be diminished. We are encouraged that renewable sources of energy are growing quickly (solar installed capacity has tripled since 2013) and that the U.S. economy will innovate and grow more sustainable despite the Trump Administration’s policies, while at the same time we acknowledge that his decision today is not a positive signal to global markets. By removing the U.S. from an international coalition of nations committed …
San Francisco Chronicle Op-Ed: Extend California’s Cap-And-Trade Program to Address Climate Change
June 1, 2017// Boston, MA – The San Francisco Chronicle published an op-ed titled “Extend Cap-and-Trade Program to Address Climate Change,” written by Trillium’s Director of Shareholder Advocacy, Jonas Kron. The op-ed discusses California’s cap-and-trade program, regulation designed to reduce greenhouse gas (GHG) emissions across the state and increase investments in clean energy. Read the full op-ed below or by visiting the San Francisco Chronicle website. Extend cap-and-trade program to address climate change It would not be California if we were not debating what to do next on climate change. The good news? Unlike the rest of the country, our deliberation centers on …
Investors Urge Texas Lawmakers to Stop the Advancement of Anti-LGBT Legislation
May 26, 2017 (Boston, MA) – Lawmakers in Texas are continuing to prioritize discriminatory legislation that could harm the state’s reputation and business climate as the legislature enters its final weekend of session. Earlier this week, the Texas House amended an education bill to include regulations on access to restrooms in public schools. Lieutenant Governor Dan Patrick rejected that amendment – primarily because he felt it didn’t go far enough in banning transgender people from public restrooms. Patrick has indicated that passing some form of discriminatory, anti-business legislation remains a priority for him over the coming days. We believe that …
PRESS RELEASE Contact: Caroline White Communications Manager Trillium Asset Management cwhite@trilliuminvest.com Trillium Launches New White Paper on Investing in Sustainable Food and Agriculture across Asset Classes May 23, 2017 // Boston, MA: A group of investors released a new white paper, Impact Investing in Sustainable Food and Agriculture across Asset Classes: Financing Resilient Value Chains through Total Portfolio Activation. The paper was prepared by Croatan Institute with the guidance and close collaboration of Iroquois Valley Farms, Maine Organic Farmers and Gardeners Association (MOFGA), Organic Agriculture Revitalization Strategy (OARS), Root Capital, RSF Social Finance, and Trillium Asset Management. A December 2016 …
Trillium’s Statement Regarding the Financial CHOICE Act
May 22, 2017 // Boston, MA: Among the many deregulatory efforts that have been launched in Congress this year is an attack that is focused directly on one of the central pillars of shareholder advocacy – the shareholder proposal. Shareholder proposals are important to our work because they provide a compelling channel of communication with corporate boards and managers on environmental, social, and governance issues. Shareholder proposals have led to greater board diversity, more inclusive workplaces, new corporate climate change policies, more accountable boards, and many other improvements at the corporate level. For over 70 years they have provided a …
Trillium’s Sustainability Reporting Shareholder Proposal at Middleby Receives 44.6% Vote
May 17, 2017 // Boston, MA – Shareholders sent a strong message to The Middleby Corporation’s (Middleby) management as 44.6% voted in favor of Trillium’s shareholder proposal, filed on behalf of our clients, on sustainability reporting and greenhouse gas (GHG) emissions reductions. Specifically, we requested Middleby shareholders vote in favor of our shareholder proposal which asked the company to: “…issue a sustainability report describing the company’s environmental, social, and governance (ESG) policies, performance, and improvement targets, including a discussion of greenhouse gas (GHG) emissions management strategies and quantitative metrics.” This outcome sends a very strong signal to the company’s management …
Trillium Honored as 2017 SMA ‘Impact’ Manager of the Year
Press Release Boston, MA // May 5, 2017 – Envestnet, Inc. and Investment Advisor magazine announced Trillium Asset Management’s Small/Mid Cap Core (SMID) strategy as the recipient of this year’s Separately Managed Account (SMA) Managers and Strategists of the Year Award in the Impact category. The Impact award recognizes a “best-in-class” portfolio manager that integrates environmental, social, and governance (ESG) factors into the investment process. The award was presented at the 13th Annual Envestnet Advisor Summit near Dallas, Texas and accepted by Trillium CEO, Matthew Patsky. Envestnet | PMC, the portfolio consulting group of Envestnet, evaluates nominees based upon a …
Trillium’s Statement on Signing of “Religious Liberty” Executive Order
May 4, 2017 // Boston, MA – Today, the Trump Administration issued an executive order on so-called religious liberty titled “Promoting Free Speech and Religious Liberty”. The executive order suggests that the Administration may be considering allowing individuals and organizations greater freedom to discriminate against the LGBT community, resulting in economic consequences. In response to this morning’s announcement, Matthew Patsky, CEO of Trillium Asset Management made the following comments: “As investors, we know that discrimination is bad for business. It casts a pall over our communities that inhibits innovation, slows or even halts growth, and makes it extremely difficult for companies …
World Bank’s Heike Reichelt Recognized for Leadership in Sustainable Investing
San Francisco // April 27, 2017 – Heike Reichelt, the head of investor relations and new products at The World Bank, has been awarded the prestigious Joan Bavaria Award for Building Sustainability into the Capital Markets. The announcement was made today at the Ceres Conference 2017 at the Westin St. Francis Hotel in San Francisco. The award is given annually by the sustainability nonprofit organization Ceres and the Boston-based investment firm Trillium Asset Management to honor inspiring global leaders working to move capital markets toward a system that balances economic prosperity with social and environmental issues. “It is such an …
Information for PepsiCo Shareholders Regarding Trillium’s 2017 Shareholder Proposal
April 26, 2017 // Boston, MA – Trillium Asset Management and The Sustainability Group of Loring, Wolcott & Coolidge, have sent a letter to shareholders of PepsiCo, Inc. (NYSE: PEP) urging them to vote in favor of our shareholder proposal regarding Pesticide Pollution. The proposal appears as item #5 on the company’s 2017 proxy card. Co-filers of the proposal include: Benedictine Sisters of Baltimore, Benedictine Sisters of Mount St. Scholastica, Domini Impact Investments, and School Sisters of Notre Dame Cooperative Investment Fund. The letter describes our rationale for requesting PepsiCo to report on options to protect public health and pollinators. …
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