CCLA’s Helen Wildsmith awarded 2020 Joan Bavaria Award for her leadership on sustainability
BOSTON – Pioneering advocate for responsible investment and climate action Helen Wildsmith has been awarded the prestigious 2020 Joan Bavaria Award for Building Sustainability into the Capital Markets, the sustainability nonprofit organization Ceres and the investment firm Trillium Asset Management, announced today. The Joan Bavaria Award is given annually to honor inspiring global leaders working to move capital markets toward a system that balances economic prosperity with social and environmental issues. Wildsmith has been recognized for her pivotal role in accelerating and scaling up investor and business action to tackle the climate crisis. Through her determined leadership as CCLA’s stewardship …
Trillium and Rhode Island Treasurer Magaziner secure board diversity commitment from SBA Communications
Boston, MA// March 12, 2020 Trillium Asset Management and Rhode Island General Treasurer Seth Magaziner announced today that investors have secured an agreement from SBA Communications Corporation, a leading independent owner and operator of wireless communications infrastructure, to expand disclosures relating to its commitment to diversity, inclusive of gender race and ethnicity, and publish a skills and diversity matrix noting key qualifications, skills and attributes most relevant to the decision to nominate candidates to serve on the company’s board of directors. “A growing body of research shows that companies with stronger diversity at the senior level tend to outperform those …
Waste Management to Further Industry Efforts towards Plastic Recycling
Boston, MA // February 18, 2020 2020 is poised to be a critical year for U.S. recycling as concerns around plastic waste and pollution continue to increase while export markets have dried up. Against this backdrop, Trillium can announce significant progress through its engagement with Waste Management, Inc. (WM), the largest collector of recyclable materials in the U.S. The lack of export markets will put new strains on the domestic recycling market, where unfortunately only 8-9% of plastic waste is currently recycled. Following an in-depth engagement by Trillium and As You Sow, Waste Management has committed to publishing a new …
Starbucks Ramps up Global Efforts to Address Plastic Packaging and Waste
Boston, MA // January 31, 2020 Starbucks Corp., the world’s largest coffeehouse company, has committed to shift from single-use packaging to reusable packaging, develop new global reusable container goals, and cut global packaging waste 50 percent by 2030, following months of constructive dialogue with Trillium Asset Management and our dialogue partner, As You Sow. Supporting these long-term ambitious goals are substantive plans to invest in better ways to manage waste, including unprecedented research to promote customer behavior change. Importantly, these efforts are all global in nature, a vital distinction as Starbucks operates in 82 global markets. This announcement comes in …
Webinar Replay: 2020 Economic and Advocacy Outlook
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 …
Travelers Fully Discloses Workforce Diversity Data after Multi-year Engagement
January 23, 2020// Boston, MA Trillium Asset Management is pleased to announce that after four years of engagement, Travelers Companies (NYSE: TRV) has begun releasing its entire EEO-1 chart with a full breakdown of all employees categorized by gender and race/ethnicity. This comes in response to a 50.9% vote at the Travelers 2019 annual meeting on a shareholder proposal on workforce diversity – a strong message to the board from investors to strengthen its workplace diversity reporting and performance. The newly disclosed chart gives a snapshot of Travelers’ 2019 workforce by role, gender, and ethnic/race status. With more than 27,000 …
Research from Trillium and Impact-Cubed Declares It’s Time to Divest from Guns
For immediate release: December 9, 2019 Contact: Elizabeth Levy, Partner and Portfolio Manager, Trillium Asset Management, elevy@trilliuminvest.com, 617-532-6660 Arleta Majoch, Product Specialist, Impact-Cubed, arleta.majoch@impact-cubed.com Boston, MA and Jersey, U.K., December 9, 2019 While Americans are clearly fed up with gun violence and a political solution remains out of reach, there exists a potentially important avenue for progress that is within reach – finance. The retirement assets of millions of Americans continue to be invested in gun companies, largely through passive pension funds and mutual funds that track benchmarks. However, new research has found that removing gun and ammunition manufacturers from …
Energy News Network: Massachusetts divestment movement seeks to capitalize on fossil fuels’ decline
On December 3, 2019, Energy News Network published an article regarding the recent shift in the State of Massachusetts’s understanding of fossil fuel company divestment. The article features Trillium’s Elizabeth Levy, Partner and Portfolio Manager on our Fossil Fuel Free Core strategy. “Fossil fuels have been a terrible investment for at least the last five years. Though fossil fuel companies have historically been solid investments, the trend has shifted over the past several years…New technology, dropping prices, and government incentives have made renewable energy, energy efficiency, and electric vehicles more accessible to everyone, slowing the growth in demand for fossil …
Crain’s Chicago Business Op-Ed – Kraft Heinz: A cautionary cost-cutting tale
On December 3rd, 2019, Crain’s Chicago Business published a commentary authored by Environmental Health Strategy Center’s Mike Belliveau and Trillium Asset Management’s Susan Baker titled, “Kraft Heinz: A cautionary cost-cutting tale”. Read the full commentary below and online here. — Kraft Heinz: A cautionary cost-cutting tale Facing financial woes and lagging profits, the food giant must clean up its act—and its supply chain—to win customers back. With brands like Heinz ketchup and Kraft macaroni and cheese, Kraft Heinz is an iconic food company—and it’s in trouble. The Chicago-based food giant is facing a tough turnaround. Kraft Heinz began the year by taking an …
Institutional Investors Renew Call for an Independent Board Chair at Facebook as Controversies Continue Unabated
FOR IMMEDIATE RELEASE December 3, 2019 CONTACTS: Paris Ervin, Illinois, 217.524.5749, PErvin@illinoistreasurer.gov Evan England, Rhode Island, 401.222.2240, evan.england@treasury.ri.gov Hazel Crampton-Hays, New York City, 917.594.2318, hcrampt@comptroller.nyc.gov Jonas Kron, Trillium, 413.522.2899, jkron@trilliuminvest.com Jackie Primeau, Connecticut, 860.702.3245, jackie.primeau@ct.gov Ashley Mathews, Pennsylvania, 717.787.299, amatthews@patreasury.gov Treasurers release findings on which mutual funds voted in support of an independent chair – and which did not The group of investors that led the 2019 shareholder proposal at Facebook seeking an independent board chairman today released its findings of proxy voting data, which reveals which mutual funds joined the supermajority (68%) of Facebook’s outside shareholders who voted against …
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