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 …
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 …
Statement of Jonas Kron, SVP, Trillium Asset Management on SEC Open Meeting Regarding Shareholder Proposal Process 11/5/2019
November 5th, 2019—For over 70 years, the shareholder proposal rule has served main street investors, companies, and the public well. It has promoted and supported a marketplace of ideas that has harnessed the innovations and perspectives of small investors to the benefit of companies, workers, communities, the environment, and our economy. It has also served as an important counter-balance to crony capitalism and the concentration of power in corporate executives. But the proposed rule issued today, if adopted, would weaken this important engine of the marketplace and would tip the scales in favor of corporate managers. By making the eligibility …
Trillium Hosts the Woods Hole Research Center and the Arctic Initiative at the Harvard Kennedy School Belfer Center to discuss global significance of thawing arctic permafrost
On October 17th at District Hall in Boston, Trillium hosted The Woods Hole Research Center and the Arctic Initiative at the Harvard Kennedy School’s Belfer Center for Science and International Affairs, for a night focused on discussion of the global significance of thawing arctic permafrost. The evening featured three speakers, introduced by our own Elizabeth Levy: Dr. Sue Natali and Dr. Brendan Rogers, both associate scientists at Woods Hole Research Center, and Dr. John Holdren, A Professor of Environmental Policy at the Harvard Kennedy School of Government, Belfer Center for Science and International Affairs. As the talk unfolded, it became …
Trillium Celebrates 20 Years of Fossil Fuel Free Investing
Trillium is among the oldest investment advisory firms exclusively focused on environmental, social and governance (ESG) investing with over 35 years of experience. Environmental responsibility has been, and remains, a key focus at Trillium. Trillium’s Global Equity strategy, one of the Firm’s three Fossil Fuel Free investment strategies, has begun celebrating its 20th anniversary year. Trillium’s CEO and Co-Portfolio Manager of the strategy, Matt Patsky, reflects on this significant milestone. “When this strategy launched in 1999, the human influence on the global climate was just becoming evident. Since that time, we have seen a global transition towards a more sustainable …
Trillium Supports Two NativeEnergy Offset Programs with 2018 Carbon Offsets
As Trillium seeks to influence businesses and policy to act on climate change, economic empowerment, human rights, and many other factors considered within our sustainable investment approach, we aim to look within to ensure that we are also embodying these practices. In an effort to offset carbon emissions from our business activities, we are working in collaboration with NativeEnergy, a provider of carbon offset programs. NativeEnergy offers a program called Help Build™ which works with companies like us to customize carbon offset projects that are tailored to a company’s unique needs, values, and overall strategy. An offset program, in the …
Trillium Recognized as 2019 B Corporation Best for the World Overall Honoree
237 Honorees Worldwide Honored for Meeting the Highest Standards of Social and Environmental Performance in Business Trillium Asset Management and 236 companies worldwide, were recognized by B Lab on its seventh annual ‘Best for the World Overall’ Honoree list, the highest B Lab designation, for generating positive social and environmental impact through business practices and performance. Every year, B Lab, a non-profit organization helping companies manage corporate social responsibility, recognizes businesses that have earned an overall score in the top 10% of approximately 2,500 Certified B Corporations on the B Impact Assessment. The assessment analyzes a company’s contributions to community …
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