NYC Comptroller Scott M. Stringer and Trillium Lead Investor Group Calling on EPA to Propose Strong Methane Regulations
October 9, 2014: Today, a group of investors with more than $300 billion in assets under management strongly urged U.S. Environmental Protection Agency (EPA) Administrator Gina McCarthy to initiate a comprehensive national regulation addressing major sources of methane emissions in the oil and gas industry. In a letter to the EPA, investors detailed four reasons why comprehensive rulemaking on methane emissions from existing and future oil and gas facilities must be an urgent priority: • Methane emissions are a serious climate problem. • There are proven, cost-effective solutions that will dramatically cut emissions now. • It is insufficient to rely …
Increasing Energy Demand Highlights Investment Opportunities for Efficiency and Renewables
By Elizabeth R. Levy, CFA and Brianna Murphy One of the significant drivers of recent economic growth has been a surge in domestic energy production, leading to a revival in manufacturing of both products and materials. Low natural gas prices are leading to a resurgence of the chemicals industry in the U.S., predominantly on the Gulf Coast of Louisiana and Texas. Methanex, a Canadian chemicals firm, is physically relocating two methanol factories from Chile to the U.S. in order to take advantage of low gas prices, despite estimated costs of $1 billion to move the plants . As domestic manufacturing …
Shareholders Raise Concerns about Washington, DC NFL Team Name at FedEx Annual Meeting
FedEx Increasingly Embroiled in Ongoing Controversy over “Redskins” Name September 29, 2014: This morning, investors presented a shareholder floor proposal at FedEx Corporation’s (NYSE:FDX) annual meeting asking the company to “take the steps necessary to drop or distance ties to the team, logos and/or stadium sponsorship until the Washington D.C. Football Team franchise abandons its degrading name.” FedEx possesses the naming rights to the team’s stadium, FedExField, in Landover, MD through 2026. Speaking directly to senior leadership and the board, Susan White, Trust Director of the Oneida Tribe of Indians of Wisconsin explained “The Washington D.C. franchise’s name, “Redskins,” is …
Fall 2014 Issue of Investing For a Better World – Available to Download
Articles include: • Thinking Capital™ (Matt Patsky’s column) • Trillium’s Approach to Privacy Issues • Oneida Trust: An Investment Portfolio with a Voice • Increasing Energy Demand Highlights Investment Opportunities Efficiency and Renewables • These Long-Established Companies are Using Efficiency as a Tool to Promote Growth • Hain Celestial Responds to Shareholder Concerns Regarding Pesticide Risk in its Supply Chain You can download the issue here. …
Trillium Supports Climate Disclosure Standard Board’s Commitment to Climate Change Disclosure as a Matter of Fiduciary Duty
September 2014: As the effects of climate change on economic activity become more significant, there is increasing demand from investors, trustees and other fiduciaries for consistent, comparable, actionable information in company mainstream (i.e. annual) reports. This presents a growing challenge to the capacity of financial markets to allocate capital as efficiently as possible. Recognizing this challenge, a statement by a leading group of global corporations and investors has been released, committing themselves to report and make use of climate change information on a common basis in mainstream corporate reports. The signatories take this step primarily out of a sense of …
Trillium’s Approach to Engagement on Privacy Issues
September 2014: Privacy and data security have quickly become one of the most critical business and social issues of our time. Trust is critical for any business, but especially for companies that routinely gather massive amounts of personal data concerning and affecting the lives of hundreds of millions of people in the U.S. and around the world. If people, companies, and governments mistrust how companies handle sensitive information, it may cause them to take their business elsewhere—or to curtail their online spending, negatively impacting the economy. In addition, when people lose trust in their communication networks, they’re less likely to …
Trillium Joins Institutional Investors Managing $24 Trillion Call for Carbon Pricing, Ambitious Global Climate Deal
SEPTEMBER 18, 2014: Days before UN Secretary-General Ban Ki-moon convenes the Climate Summit at the United Nations to spur climate action and facilitate a global climate agreement in 2015, nearly 350 global institutional investors representing over $24 trillion in assets, have called on government leaders to provide stable, reliable and economically meaningful carbon pricing that helps redirect investment commensurate with the scale of the climate change challenge, as well as develop plans to phase out subsidies for fossil fuels. Institutional investors are acutely aware of the risks climate change presents to our investments. We recognize that significant capital will be …
Investors Urge EPA to Protect Bristol Bay, Alaska from the Proposed Pebble Mine
September 17, 2014: A coalition of investors, lead by Trillium Asset Management and Calvert Investment Management, recently sent a letter to the U.S. Environmental Protection Agency urging it to protect the Bristol Bay region of Alaska from the ill-advised Pebble Mine and finalize its proposal to restrict the discharge of dredged or fill material in region. Investors “believe it is critically important for mining activity to occur only in ecologically and culturally appropriate areas”. The letter highlighted that the proposed Pebble Mine threatens a unique salmon fishery that is important the region and the goal of long-term sustainable seafood sourcing. …
B Corp Honors Trillium as one of 2014’s “Best for Workers”
80 Honorees Worldwide Support Working Families with Better Benefits, Living Wages, Workplace Flexibility, Professional Development, and Ownership Opportunities September 16, 2014: Today, Trillium Asset Management (Trillium) and 79 other companies worldwide, were recognized for creating the highest quality jobs by the nonprofit B Lab with the release of the third annual ‘B Corp Best for Workers’ list. The ‘B Corp Best for Workers’ list honors businesses that earned an worker impact score in the top 10% of all Certified B Corporations on the B Impact Assessment, a rigorous and comprehensive assessment of a company’s impact on its workers, community, and …
Hain Celestial Responds to Shareholder Concerns Regarding Pesticide Risk in its Supply Chain
Hain’s announces response with commitment to disclose information on its pesticide use policies and practices; Trillium and Calvert withdraw shareholder proposal in recognition of Hain’s positive “first steps” September 8, 2014 // BOSTON, MA: Calvert Investments shareholders and Trillium Asset Management, on behalf of Susan Meade, are pleased to announce the withdrawal of its shareholder proposal at Hain Celestial (NASDAQ: HAIN) which calls for disclosures by the company about pesticide-related risks in its supply chain. The withdrawal recognizes initiatives that will be disclosed in its next Corporate Sustainability Report, which is scheduled to be published by December 31, 2014. Hain …
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