Trillium Commends EPA and Obama Administration on New Fuel Efficiency Standards
BOSTON, MA // August 18, 2016: Earlier this week, the Obama Administration announced stricter fuel efficiency and greenhouse gas (GHG) emission standards for heavy duty trucks and buses. The administration adopted new fuel efficient standards which will reduce emissions and cut costs for large-scale trucks such as tractor-trailers, delivery and passenger vans, and buses. Currently, these vehicles account for 20% of transportation-related fuel consumption and carbon emissions. The new standards are a significant part of President Obama’s efforts to address climate change and fossil fuel energy consumption. Trucks are becoming the fastest-growing source of greenhouse gas emissions in the trucking …
Trillium Commends Governor Baker and the Massachusetts Legislature on Approval of Equal Pay Bill
Boston, MA // August 11, 2016: At Trillium, we believe that the gender wage gap deserves significant attention by today’s policymakers. While we’ve found that shareholder advocacy can have a positive impact on company policies, legislation is the most effective means of leading change and eliminating differences in pay between genders. Governor Charlie Baker recently signed a bipartisan bill, sponsored by Senator Pat Jehlen and Representatives Jay Livingstone and Ellen Story, which will ensure equal pay for comparable work in the state of Massachusetts.[1] The bill will prevent pay discrimination based on gender and will go into effect on July …
Information for Smucker Shareholders Regarding our Renewable Energy Shareholder Proposal
ORRVILLE, OH // AUGUST 10, 2016: Trillium Asset Management has published a letter to shareholders of J.M. Smucker Company (NYSE: SJM) urging them to vote next Wednesday, August 17, 2016, in favor of a shareholder proposal on the company’s 2016 proxy card. The proposal, asks J.M. Smucker to issue a report by January 2017analyzing and proposing how the company can increase renewable energy sourcing and/or production. The letter provides the following rationale for voting “Yes”: Opportunities: Increased renewable energy sourcing can lead to cost savings, improve the company’s license to operate, and enhance U.S. energy security Risk management: Investing in …
J.B. Hunt Expands Workplace Policies to Protect LGBT Employees
Boston, MA // August 8, 2016: Trillium is pleased to share that following a yearlong engagement with transportation company J.B. Hunt (NASDAQ: JBHT) the board has decided to amend the company’s equal employment opportunity policy to protect all lesbian, gay, bisexual, and transgendered (LGBT) employees. These changes follow our shareholder proposal presented at the June annual meeting asking the company to add sexual orientation and gender identity to the EEO policy. Although J.B. Hunt management advised shareholders to vote against these changes, the proposal received a remarkable 54.7% vote. In response to the majority vote, the board appointed an internal …
Trillium Speaks to DNC Attendees at ASBC Policy Forum in Philadelphia
August 2, 2016 – On July 26th, Trillium CEO Matt Patsky participated as a speaker on the ‘Policy Forum on the Business Case for a Sustainable Economy’, held by the American Sustainable Business Council (ASBC) and coinciding with the DNC Conference in Philadelphia. Patsky spoke on a panel titled, “Responsible Capital – Investing in a Prosperous America”, which examined innovative strategies private companies, foundations and impact investors are using to achieve societal impacts. The forum highlighted how capital markets and the tax system can be reshaped to benefit a broader cross-section of Americans and was timed to help influence DNC …
Wabtec Elects First Woman to Board of Directors, Demonstrating Commitment to Diversity
July 26, 2016: Trillium Asset Management, LLC commends Wabtec Inc. (NYSE: WAB) for electing Linda Hart, Vice President and Treasurer of Medtronic PLC, to its Board of Directors. Ms. Hart’s strong background in finance and treasury, acknowledged in the company’s press release, makes her a strong addition to the board as Wabtec continues to expand its business globally. Following constructive dialogue with Trillium, Pennsylvania Treasury, and The Thirty Percent Coalition, and subsequent to a shareholder proposal filing, Wabtec’s board agreed in 2014 to amend its Corporate Governance Guidelines and Nominating & Corporate Governance Committee Charter. The revisions demonstrate a clear …
Trillium’s Q2 2016 Market Commentary & Q1/Q2 2016 Advocacy Highlights Available
July 15, 2016: Trillium’s Q2 2016 Market Commentary & Q1/Q2 Shareholder Advocacy Highlights are now available to download. “The U.S. economic outlook is stronger than current market sentiment and bond yields indicate. U.S. economic growth continues to be solid, even if slow. Job creation is slowing, as would be expected as the economy nears full employment; the current unemployment rate of 4.9% is the lowest since 2007. We are slightly less positive about anticipated equity returns than in prior quarters, due to the higher level of uncertainty resulting from the Brexit vote, and our concerns about the persistent low inflation, …
Watch Matt Patsky Discuss Doing Good While Doing Well with John Hancock
Trillium CEO, Matt Patsky, examines the benefits of integrating environmental, social and governance (ESG) factors with fundamental equity research. The video was released by John Hancock Investments following the recent announcement of the launch of two new mutual funds sub-advised by Trillium. Click here to read more on the announcement. …
Letter from Matt Patsky on Second Vatican Conference on Impact Investing
“Impact investing is not philanthropy, it is about creating opportunities for self-sufficiency.” – Matt Patsky, CEO, Remarks at the Second Vatican Conference on Impact Investing On Monday, June 26, I arrived in Rome for the Second Vatican Conference on Impact Investing. The Vatican Conference on Impact Investing builds on the call made in the May 2015 Papal Encyclical Laudato Si: On Care for Our Common Home. The timing of the Conference was especially moving for me, following the recent apology made by Pope Francis for the treatment of marginalized populations by the Catholic Church. Pope Francis’s comments reminded me of …
Thoughts on the United Kingdom vote to exit the European Union
June 24, 2016– Financial markets were rocked on Friday, June 24, by the results of the British referendum on membership in the European Union. Polls had indicated that the vote would be very close; the actual results were a surprisingly strong vote for exit. Across the United Kingdom, 52% of the votes cast rejected membership in the European Union, reversing the United Kingdom’s participation in the European Union, formerly known as the European Communities, or the European Common Market, which Britain joined in 1973. Immediately after the vote results were out, financial market participants looked for safety, wherever it might …
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