Trillium Files LGBT Proxy Voting Shareholder Proposal with BlackRock
On October 13, 2016, Trillium Asset Management filed a shareholder resolution with BlackRock asking the company to issue a report discussing its proxy voting on workplace LGBT non-discrimination policy shareholder resolutions. Below is a press release regarding the filing. PRESS RELEASE October 18, 2016 // Boston, MA – Based on an analysis of mutual fund voting, it has been discovered that funds managed by BlackRock (NYSE: BLK) voted against the majority of recent shareholder resolutions requesting companies to add sexual orientation and gender identity to their corporate equal employment opportunity (EEO) policies – to protect lesbian, gay, bisexual, and transgender (LGBT) employees that …
Trillium Files Workplace Diversity Shareholder Resolution with Visa, Inc.
Boston, MA // October 11, 2016 – Trillium Asset Management filed a shareholder resolution with Visa, Inc. (NYSE: V) asking the company to prepare a diversity report available to investors to include: “A chart identifying employees according to gender and race in major EEOC-defined job categories, listing numbers or percentages in each category A description of policies/programs focused on increasing gender and racial diversity in the workplace.” Currently, Visa does not disclose workforce data or results related to its diversity initiatives. As a result, shareholders lack sufficient information to determine if the company has a diverse workforce or has effectively expanded …
Trillium Releases New White Paper on Investing for LGBT Equality
PRESS RELEASE Investing in Equality: Integrating LGBT Issues into Total Portfolio Activation A group of investors has released a new white paper, Investing in Equality: Integrating LGBT Issues into Total Portfolio Activation. The paper was prepared by Croatan Institute with the guidance of the Social Justice Fund Northwest, Out Leadership, and Trillium Asset Management. Microsoft Corporation is profiled for its history of leadership in advancing LGBT rights. The paper provides a framework to help impact investors expand the scope of investing in LGBT issues across asset classes. It is the first effort to structure a total portfolio approach thematically around …
Trillium Speaks at Center for American Progress on Transparency & SEC Corporate Disclosures
Boston, MA // September 28, 2016 – On September 20th, Cheryl Smith, Managing Partner of Trillium Asset Management, participated as a speaker on the ‘Towards a Sustainable Economy’ panel at the Center for American Progress Action Fund (CAP Action). Together, investment advisors, business executives, members from the U.S. Senate, and academics advocated for expanded corporate disclosure requirements by the U.S. Securities and Exchange Commission (SEC) and the need for greater transparency on matters such as the environment and climate change, political spending, human capital, and worker wages and incentives. Hosted by CAP Action, the panel comprised representatives from the Center …
Investors Worth $2.1 Trillion Call for Full Repeal of North Carolina’s House Bill 2
NYC Comptroller, Trillium Asset Management, and Croatan Institute organize investors calling for a full repeal of the state’s anti-LGBT law SEPTEMBER 26, 2016 // RALEIGH, NC: In a statement organized by Trillium Asset Management, Croatan Institute and the New York City Comptroller, investors representing $2.1 Trillion in collective assets under management are calling for a full repeal of North Carolina’s notorious House Bill 2. The bill overturns municipal non-discrimination protections for lesbian, gay, bisexual, and transgender (LGBT) people and prohibits transgender people from using restrooms consistent with their gender identity. Not only does the bill invalidate the human rights of …
Trillium Recognized as 2016 B Corporation Best for the World Overall Honoree
140 Honorees Worldwide Honored for Meeting the Highest Standards of Social and Environmental Performance in Business Boston MA // September 20, 2016 – Trillium Asset Management and 139 companies worldwide, were recognized by B Lab on its fourth annual ‘Best for the World Overall’ Honoree list for generating positive social and environmental impact through business practices and performance. Every year, B Lab, a non-profit organization helping companies manage corporate social responsibility, recognizes businesses that have earned an overall score in the top 10% of approximately 1,800 Certified B Corporations on the B Impact Assessment. The assessment analyzes a company’s contributions …
Biking for Climate Change: Trillium Takes Part in 390-mile Ceres Ride
Boston, MA // September 16, 2016 – On Monday, Vice President of Shareholder Advocacy, Brianna Murphy, completed a 5-day, 390-mile ride from Bar Harbor, ME to Boston, MA as part of this year’s 2016 Northeast Climate Ride. Riding as a member of “Team Ceres”, Brianna and her fellow team members raised over $12k to fund Ceres’ work towards advancing a sustainable global economy. Trillium is proud to support the riders and more than 150 beneficiaries who are making an impact in sustainability, renewable energy, and similar environmental causes. For thirty-four years, Trillium’s shareholder advocacy group has been a leader on …
Trillium Writes Case Study in PRI’s Latest Guide to ESG Integration for Equity Investing
Boston, MA // September 9, 2016 — Principles for Responsible Investment (PRI) launched “A Practical Guide to ESG Integration for Equity Investing”, a report helping asset owners and investment managers apply ESG integration techniques to their investment strategies. The publication includes a case study authored by Trillium Research Analyst Jeremy Cote, which analyzes our approach to integrating board diversity into investment research practices. Produced by the PRI Integration Sub-Committee, the report utilizes insights and case studies to demonstrate how asset owners and investment managers can integrate ESG research into fundamental, quantitative, and smart beta investment strategies. The sub-committee is comprised of …
FAFN Announces LGBTQ Rights Panel at 27th Annual SRI Conference
Boston, MA // September 2, 2016 — This week, First Affirmative Financial Network (FAFN), host of the annual SRI Conference, published a press release highlighting a forthcoming panel that will explore the influence of shareholder activism in protecting the rights of LGBTQ (lesbian, gay, bisexual, transgender, queer or questioning) individuals in countries where discrimination and legal consequences are common practice. The conference panel, “Shareowner Advocacy in the Global Struggle for Full LGBTQ Rights”, will address how shareholders can take action and engage companies on achieving equality for the LGBT community. In the Unites States, 28 of the 50 states lack …
Trillium, Ceres, and Investors Welcome California’s Senate Bill 32
Boston, MA// August 26, 2016: This week, California’s state assembly passed an important climate bill extending greenhouse gas emission (GHG) targets, a critical step towards global effort to adopt strong climate policy. Under the new law, Senate Bill 32, legislation requires reducing greenhouse gas emissions to 40% below 1990 levels by 2030, extending the current climate law, Assembly Bill 32 (AB 32), which requires the state to reach 1990 levels by 2020. “Today’s action reinforces California’s leadership and commitment to a low-carbon economy and sends a powerful signal to the rest of the country and the world that they should …
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