Thirty-five Words Now Replaced by Three.
By Cheryl I. Smith, Ph.D., CFA On July Fourth, we remember these words: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty, and the pursuit of Happiness.” Thirty-five words memorized and recited by American schoolchildren; thirty-five words that birthed the U.S., and which inspired the French Revolution. At the time these words were written, slaves (and women) knew they were not included. In his 1852 oration, “What to the Slave is the Fourth of July?” Frederick Douglass forcefully noted: …
Statement from Investor Group Regarding The Washington D.C. Football Team Decision to Review the Team Name
We commend the Washington D.C. Football Team for announcing today its review of the team name. We also commend FedEx, Nike, Bank of America, and Pepsi for communicating publicly and to the team the importance of changing its name. This is long overdue and follows years of work by countless individuals. This group of investors, which includes Indigenous peoples, leaders, and their institutions, stands ready to continue the work needed to bring this review to a successful conclusion. This means supporting Indigenous peoples, leaders, and groups that wish to be part of the review process – there must be a …
Acquisition of Trillium Asset Management Completed by Australian Financial Firm Perpetual Limited
Boston – July 1, 2020 – Trillium Asset Management (“Trillium”) announced today that on June 30,2020 the firm was successfully acquired by Australian Financial Firm Perpetual Limited (Perpetual)”. Trillium has over $3.8 billion in assets under advisement (as of May 29, 2020) and decades of experience focused exclusively on responsible investing. The firm’s innovative approach led to the creation of numerous organizations, the development of the ESG investment field, and the first generation of investors focused on improved environmental, social, and governance outcomes. Today, the firm is an impact-driven, ESG-focused firm dedicated to aligning values with investment objectives. Trillium’s commitment to …
Trillium Community Investment Program Partner Highlight Q2 2020: Craft 3
Trillium Community Investment Program Partner Highlight Q2 2020: Craft 3 While each investment poses unique risks, promissory notes issued by loan funds and non-profit organizations generally pose special risks by their nature. Typically, they involve an uncollateralized and uninsured promise to pay. The issuer’s only obligation is to repay the principal at maturity with interest payable at stated times. The promissory notes are not securities registered with the Securities and Exchange Commission. …
Form CRS (PDF)
Please find our Form CRS, Client Relationship Summary by clicking on this link: https://archive.trilliuminvest.com/wp-content/uploads/2020/06/Form_CRS_Trillium-Asset-Management.pdf …
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 …
TJX Companies, Inc.—Over 44% of the retailer’s shareholders voted for action to reduce chemical risk
Trillium’s shareholder proposal at TJX Companies, Inc., requesting that the retailer take action to reduce chemical risk, received a 44% shareholder vote. Read the Investor Environmental Health Network’s press-release covering our engagement here: https://iehn.org/resources/entry/press-release-tjx-vote Important Disclosure: This is not a recommendation to buy or sell any of the securities mentioned. It should not be assumed that investments in such securities have been or will be profitable. The specific securities were selected on an objective basis and do not represent all of the securities purchased, sold or recommended for advisory clients. …
Black Lives Matter: Investor Responsibilities and Systemic Racism
In the past three years, Trillium has made clear that human rights are central to our mission. In 2017, following the events in Charlottesville, Virginia we stated: Our concerns are at their core moral in nature. As the Universal Declaration of Human Rights states: “recognition of the inherent dignity and of the equal and inalienable rights of all members of the human family is the foundation of freedom, justice and peace in the world.” These fundamental principles are at the heart of who we are. https://archive.trilliuminvest.com/statement-regarding-violence-charlottesville-virginia/ In 2019, following attacks in El Paso, Texas, Gilroy, California, and Dayton, Ohio which …
Webinar Replay: Trillium Client Call – Impacts of COVID-19 on Markets, Portfolios, and Shareholder Advocacy 4/14/20
Important Disclosure: The views expressed are those of the authors and Trillium Asset Management, LLC as of the date referenced and are subject to change at any time based on market or other conditions. These views are not intended to be a forecast of future events or a guarantee of future results. These views may not be relied upon as investment advice. The information provided in this material should not be considered a recommendation to buy or sell any of the securities mentioned. It should not be assumed that investments in such securities have been or will be profitable. To …
Tractor Supply takes Important Steps to Build Diversity in its Leadership Ranks
BOSTON, MA // (April 09, 2020) Businesses in every sector are facing myriad of decisions that impact employees, customers, communities and shareholders today and long into the future as a result of the Covid-19 crisis. Part of our work as investors is to ensure companies have strong governance structures in place at the board and leadership levels necessary to drive prudent and fair decision making. When diversity of skills, expertise, gender, race and ethnicity are well represented at the highest levels of decision making the benefits enterprise-wide and for all stakeholders increases. We saw this in February when the New …
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