Shareholders Say Washington, DC NFL Team Name Presents Heightened Reputational Risks to Stadium Sponsor FedEx
FedEx Increasingly Embroiled in Ongoing Controversy over “Redskins” Name July 16, 2014: Last week, FedEx won approval from the Securities and Exchange Commission for its effort to remove a shareholder proposal focused on the ongoing controversy over the “Redskins” name from its upcoming annual proxy. Investors filed a shareholder proposal in April with FedEx Corporation (NYSE:FDX) asking the company to “respond to reputational damage from its association with the Washington D.C. NFL franchise team” and its name controversy. FedEx possesses the naming rights to the team’s stadium, FedExField, in Landover, Maryland through 2026. Investors are now urging FedEx …
Home Depot Takes Action to Protect Bees and Other Pollinators
July 15, 2014: The Sustainability Group of Loring, Wolcott & Coolidge and Trillium Asset Management commend Home Depot for taking concrete action to protect bees and other pollinators by reducing the use of neonicotinoids (neonics). Home Depot recently announced that by the fourth quarter of 2014, it will require suppliers to label all plants treated with neonics, and will work with suppliers to eliminate neonics in plant production. In addition, the company is also providing its customers with a list of neonic-free alternatives for home application. Home Depot’s announcement comes in the wake of the National Resources Defense Council petition …
Summer 2014 Issue of Trillium’s Newsletter, Investing For a Better World, is Available to Download
The Summer 2014 issue of Trillium’s quarterly newsletter, Investing For a Better World, is now available to download. Articles include: Dear Reader (Matt Patsky’s column) Trillium’s Approach to Investing in Publicly Traded Agriculture and Food Companies Global Fund for Women: Giving and Investing in Line with Our Values Trillium’s 2013-2014 Corporate Engagement Highlights Sustainability Reporting Proposal at Chipotle Receives More Than 30% of Vote …
USA Today: Shareholders Concerned about FedEx Link to Redskins
Earlier this week a ruling from the U.S. Patent and Trademark office revoked six trademarks belonging to the Washington, DC football team calling the name ‘disparaging’. A coalition of investors, including Trillium, has also recently announced a shareholder proposal with FedEx Corporation (NYSE:FDX) asking the company to “respond to reputational damage from its association with the Washington D.C. NFL franchise team” and its name controversy. Erik Brady, of USA Today Sports, writes: “…The filing represents a new battleground in the fight over the Washington club’s controversial team name — sponsors. FedEx owns the naming rights at the suburban Maryland …
Shareholders Say Washington DC NFL Team Name Presents Heightened Reputational Risks to Stadium Sponsor FedEx
FedEx Increasingly Embroiled in Ongoing Controversy over “Redskins” Name JUNE 19, 2014 // BOSTON, MA: Investors filed a shareholder proposal with FedEx Corporation (NYSE:FDX) asking the company to “respond to reputational damage from its association with the Washington D.C. NFL franchise team” and its name controversy. FedEx possesses the naming rights to the team’s stadium, FedExField, in Landover, MD through 2026. This announcement adds to the escalating crisis for the Washington D.C. NFL team in the wake of the United States Patent and Trademark Office decision on Wednesday to cancel the team’s trademark, calling the team’s name “disparaging to Native Americans.” The team …
Trillium Responds to Wall Street Journal Editorial Regarding Corporate Political Spending Disclosure
An abridged version of Trillium’s response, along with a letter from the Center for Political Accountability, was posted to the Wall Street Journal website, yesterday. ***** In the wake of the U.S. Supreme Court decision in Citizens United there has been increasing concern about corporate dollars flowing into political races via trade associations and other tax exempt organizations. Trillium Asset Management supports transparency and accountability in corporate spending on political activities. We believe that disclosure is in the best interest of companies, their shareholders, our democracy and our economy. Our firm engages companies on these issues …
Trillium Commends Panera Bread for Initiating Sustainability Reporting Process
APRIL 14, 2014 // BOSTON, MA: Trillium Asset Management (Trillium) is pleased to announce that we have withdrawn our 2014 shareholder proposal, which was filed on behalf of The Christopher Reynolds Foundation, at Panera Bread (NASDAQ: PNRA) following a commitment from the company to publish a sustainability report by December 1, 2015. Panera will conduct a materiality assessment in 2014 in order to identify and prioritize issues that are material to the company. Managing, and reporting on, Environmental, Social and Governance (ESG) business practices helps companies compete in a global business environment characterized by finite natural resources, changing legislation, and …
Rio Tinto Announces it is Withdrawing from Pebble Mine Project in Alaska
Statement from Trillium Asset Management, LLC and Calvert Investments on Rio Tinto’s withdrawal from the Pebble Mine Project April 9, 2014: Rio Tinto plc (LON: RIO) has announced that it is withdrawing from the proposed Pebble Mine Project in Bristol Bay Alaska. This action, which casts a cloud of deep uncertainty over the project’s future, follows years of widespread opposition to the proposed open pit mine from Native Alaskans, sport and commercial fishing groups, environmental organizations, and retail grocers, along with other businesses and investors. In March, Trillium Asset Management (Trillium) and Calvert Investment Management, Inc. (Calvert) specifically requested that …
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