March 22, 2016: Trillium Asset Management and Calvert Investments are pleased to announce that they have successfully withdrawn their 2016 shareholder proposals at Amgen (Nasdaq: AMGN) following a commitment from the company to include greater disclosure of current and future renewable energy projects in its Environmental Sustainability Report. The company has committed to publish this information by May 2016 and will include an assessment of existing renewable energy projects as well as next steps relative to renewables technologies. By providing this information Amgen is demonstrating how the company is taking a proactive approach to reducing exposure to volatile energy prices, …

March 10, 2016: Investors welcome the White House’s announcement today that the Administration will move forward with new rules to regulate methane emissions from existing sources in the oil and gas supply chain. We believe this rule is important because methane that leaks is lost revenue for companies and investors and methane is 86 times more potent as a greenhouse gas than carbon dioxide, over a 20-year period. While fracking is most commonly associated with hazardous impacts to water sources, methane “flares” and leaks are an all too common consequence of oil and gas extraction. The potent climate impact of …

March 9, 2016: On behalf of our clients, Trillium Asset Management has written to the Equal Employment Opportunity Commission in support of a proposal to collect summary pay data by gender, race and ethnicity. Our firm is pleased that the Commission is moving forward with this proposal, as gender pay disparity has become a significant public policy and economic issue which has garnered increased attention not only from lawmakers and civil society, but also from individual and institutional investors, and leading companies. We believe the proposed rule represents an effective means by which companies can better measure and manage gender …

March 8, 2015: At Trillium, we believe that climate change is the defining investment issue of our time. We also believe it provides one of the greatest economic opportunities of the 21st century. Last week, the Oregon legislature passed Senate Bill 1547, which will phase out coal-powered energy generation use in the state and require utilities to meet half of customer demand with renewable energy by 2040. This means that by 2040, 50% of Oregon’s power will come from renewable resources such as wind and solar. When signed into law, the bill – the first major statewide climate policy after …

March 7, 2016: Each year, companies seek votes from shareholders on items that are pending on their annual proxy ballots. The issues that shareholders can vote on range from the approval of boards of directors to social and environmental issues — including proposals that Trillium and other SRI investors file every year. Regrettably, too many investment managers and traditional mutual funds fail to responsibly vote their clients proxies, either by not voting at all or always voting exclusively with managements’ recommended positions. The U.S. Securities and Exchange Commission requires investment managers to disclose to clients their policies for voting proxies …

MARCH 3, 2016: The financial services sector is routinely found to have one of the widest gaps in pay by gender relative to other parts of the economy. Despite women making up nearly one third of the financial services workforce, on average women earn significantly less than their male colleagues. At Trillium Asset Management (Trillium) we strive to achieve the same level of diligence and reporting that we ask of companies with whom we interact. Our firm recently filed a shareholder proposal with Citigroup (NYSE: C) asking the company to prepare a report demonstrating that the company does not have …

Expanded website with equal employment opportunity data launched FEBRUARY 12, 2016: Trillium Asset Management is pleased to announce that it has withdrawn its workforce diversity shareholder proposal at Adobe Systems Incorporated. Adobe published an expanded section of its website that includes its annual EEO-1 workforce diversity data and provides meaningful disclosures around its strategies aimed at building the pipeline of diverse employee candidates starting in grades K-12; and initiatives focused on attracting and retaining women and underrepresented minorities in its workforce. “We commend Adobe for engaging in productive dialogues with Trillium on the need for greater diversity in the tech …

BOSTON, MA // FEB. 10, 2016: The U.S. Securities and Exchange Commission (SEC) recently rejected Citigroup’s request for “No-Action” on a Gender Pay Gap shareholder proposal that was filed by Trillium Asset Management (Trillium), a Boston-based investment firm. Investors are requesting that Citigroup (NYSE: C) prepare a report demonstrating that the company does not have a gender pay gap. The financial services sector is routinely found to have one of the widest gaps in pay by gender relative to other parts of the economy. Despite women making up nearly one third of the financial services workforce, on average women earn …

JANUARY 22, 2016: Trillium Asset Management has published a letter to shareholders of Whole Foods Market (NASDAQ: WFM) urging them to vote in favor of our Food Waste shareholder proposal on the company’s 2016 proxy card. The letter provides an overview of the importance of the issue as well as the four main reasons why we believe shareholders should vote for this proposal, which was co-filed by First Affirmative Financial Network and Green Century Capital Management. Briefly, shareholders request Whole Foods Market issue a report by August 1, 2016, at reasonable cost and omitting proprietary information, on company-wide efforts (above …