Pensions & Investments Op-Ed: Stronger partnership needed between shareholders, managers
On September 2nd, Pension & Investments published a commentary authored by Trillium Asset Management’s Senior Vice President Jonas Kron, and US SIF’s CEO Lisa Woll titled, “Stronger partnership needed between shareholders, managers” in response to the Business Roundtable’s stakeholder statement. Read the full commentary below and online here. Commentary: Stronger partnership needed between shareholders, managers Lost in many responses to the Business Roundtable statement Aug. 19 that companies have a “fundamental commitment” to all their stakeholders is a simple fact: Structurally speaking, there are two primary regions of power in a company: shareholders and managers. And both of them need …
Trillium’s Elizabeth Levy Featured in Video: How Top Asset Managers Stay Ahead of the Pack
In May, we published a story, linked here, celebrating our All Cap Core Strategy’s Envestnet award for Impact SMA of 2019. Think Advisor and Envestnet have since created a video, How Top Asset Managers Stay Ahead of the Pack, showcasing the various category award winners including our very own Elizabeth Levy, Portfolio Manager of the All Cap Core Strategy. Watch to gain some insight into Trillium’s ability to perform during times of volatility on Think Advisor’s website here: https://www.thinkadvisor.com/2019/06/28/how-top-asset-managers-stay-ahead-of-the-pack/ ## Disclosure: The awards are not indicative of the future performance of the ACC or SMID strategies or Trillium Asset …
Letter to Lamb Weston Shareholders: Vote Yes for Pesticide Use Disclosure
Boston, MA // August 26, 2019 Trillium Asset Management has published a letter to shareholders of Lamb Weston Holdings, Inc. (NYSE: LW) urging holders of record to vote in favor of a shareholder proposal on the company’s 2019 proxy ballot. The shareholder proposal (Item #4 on the proxy) asks the company to disclose at regular intervals, at reasonable expense and omitting proprietary or privileged information, available quantitative metrics on pesticide use in the company’s supply chain, and how pesticide use impacts pollinators. Spun off from ConAgra foods in 2016, Lamb Weston is a global supplier of frozen potato, sweet potato, …
PNC Financial Services stops financing private prisons
This spring, we learned that one of the companies in Trillium’s strategies, PNC Financial Services, is one of ten leading financing partners of private prison companies CoreCivic and Geo Group. While we are invested in PNC in part because of its commitments to sustainable business practices and efforts to serve its communities, we were greatly concerned about this news; private prisons are rife with alleged human rights abuses. As noted in recent reports and lawsuits, allegations include inmate deaths, poor medical care, allegations of physical and sexual abuse of detainees and violence.[1] Some of these risks are heightened due to …
New Anchorage Daily News Op-Ed – Bristol Bay, Not Pebble Mine, is the Sound Investment
Boston, MA // September 7, 2018 – On Thursday, September 6, the Anchorage Daily News website published an op-ed authored by Trillium Asset Management’s Director of Shareholder Advocacy Jonas Kron titled, “Bristol Bay, Not Pebble Mine, is the Sound Investment.” Read the full op-ed below and on www.adn.com 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 …
Fortune: Greater Board Risk Oversight at Facebook
Boston, MA // June 11, 2018 – On Friday, June 8th, Fortune published commentary authored by Trillium Asset Management’s Director of Shareholder Advocacy Jonas Kron titled, “Microsoft Does These 2 Things to Stay out of Trouble. Facebook Should Try Them”. Read the introduction below and the full commentary on www.fortune.com. Microsoft Does These 2 Things to Stay out of Trouble. Facebook Should Try Them Twenty years ago, Bill Gates sat in a congressional hot seat responding to pointed and angry questions about his company’s impact on society and anti-competitive practices. For Microsoft, the following decade was a painful, distracting, and …
Failure to Divest from Fossil Fuels Leads to over $1 Billion Shortfall for MA Pension Fund
FOR IMMEDIATE RELEASE CONTACT: Stephanie Leighton, Trillium Asset Management, sleighton@trilliuminvest.com, (617) 423-6655 Jon Grossman, SEIU Local 509, jgrossman@seiu509.org, (617) 312-7180 Failure to Divest from Fossil Fuels Leads to over $1 billion Shortfall for MA Pension Fund June 1, 2018 // Boston, MA – A recent financial analysis conducted by MassDivest Coalition and Trillium Asset Management, a Boston-based sustainable and responsible investment firm, found that the Massachusetts Pension Reserves Investment Trust (PRIT) lost an estimated $79 million on its $1.6 billion fossil fuels equities for the five years ending June 30, 2017. The analysis was released just as legislators failed …
ESG Reporting Proposal at Middleby Receives Majority Vote
May 14, 2018 // Boston, MA: During The Middleby Corporation’s (NASDAQ: MIDD) recent annual meeting, shareholders sent a strong message to management when Trillium’s shareholder proposal on corporate sustainability reporting received a 57.2% vote. The proposal asked Middleby to issue a report discussing its environmental, social, and governance (ESG) policies and performance, including a discussion of climate change management. The link between strong sustainability management and value creation is increasingly evident. The University of Oxford and Arabesque Partners recently reviewed 200 studies on sustainability and corporate performance and concluded 90 percent of studies show “sound sustainability standards lower the cost …
Trillium Successfully Withdraws Board Diversity Proposal at LogMeIn
Boston, MA // April 13, 2018 – Trillium Asset Management is pleased to announce that it has successfully withdrawn a shareholder proposal at software and service provider LogMeIn, Inc. (NASDAQ: LOGM) following the Company’s agreement to enhance disclosures regarding Board diversity in its corporate governance documents and proxy statement. Importantly, we also commend the company for appointing Sara Andrews to its Board of Directors this month. Sara brings extensive background in risk management and cybersecurity, and a diverse perspective to the Board. When LogMeIn merged in January, 2017 with GetGo, Inc, a former subsidiary of Citrix Systems the company tripled …
Barron’s Covers Shareholder Proposal Filed at Facebook
Boston, MA // April 4, 2018 – Barron’s and the Financial Times recently discussed Trillium’s risk oversight committee shareholder proposal filed at social networking service company Facebook (NASDAQ: FB) in October 2017. “[Facebook] needs to build a system for meaningful oversight into its DNA, and avoid the constant, reactive, whack-a-mole approach we’ve seen”, said Jonas Kron, Director of Shareholder Advocacy, in response to recent demand from Facebook investors to manage and monitor risks. The shareholder resolution asks the Company to issue a report discussing the merits of establishing a Risk Oversight Board Committee. Establishing such a committee would foster an integrated, …
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