Call For Papers: Major New Responsible Investing Study Sought For 2013 Moskowitz Prize Recognition
The Center for Responsible Business at UC Berkeley’s Haas School of Business has announced a call for papers for the 18th annual Moskowitz Prize–the only global award recognizing outstanding academic research in the field of sustainable, responsible, impact (SRI) investing. This year’s prize-winning study will be announced at the 24th annual SRI Conference on October 29, 2013. To be considered for the Moskowitz Prize, studies must be submitted by July 1, 2013. The $5,000 prize competition is open to authors of studies relevant to responsible investing. Studies may be published or unpublished, but unpublished studies should be of a quality …
CNBC: Citigroup Meeting – What a Difference a Year Makes
On April 24, 2013, CNBC published a story about Citigroup’s (NYSE: C) annual shareholder meeting. Kayla Tausche writes: “…The bulk of Wednesday’s questioning concerned not just the current turnaround, but also the well-telegraphed idea that Citigroup, ultimately, could get drastically smaller, or even break up…Boston-based Trillium Asset Management, which owns $20 million in Citi stock, proposed in November that shareholders should get to vote on a company strategy to disclose more fully the sum-of-the-parts valuation of the bank, or pursue a more rigorous restructuring. The Securities and Exchange Commission nixed the proposal on the grounds of it being too vague. …
USA Today: Big Banks Wear Targets as Citi Shareholders Meet
On April 24th, 2013 USA Today published an article about Citigroup’s (NYSE: C) annual shareholder meeting and the shareholder proposal that Trillium Asset Management, on behalf of the Benedictine Sisters of Mount St. Scholastica, along with the AFSCME Employees Pension Plan filed a with Citigroup Inc. (NYSE: C) filed, asking the company’s board of directors to explore a possible separation of one or more of its business units. Tim Mullaney writes: “On the surface, David Vitter and Seth Magaziner have little in common. But Wednesday each will take a step that may recast the future of America’s megabanks. Magaziner is a …
Bloomberg: Apple CEO Seeks to Stem Growth Concern by Returning Cash
On April 24th, Bloomberg published an article regarding Apple’s (NASDAQ: AAPL) recent decline in earnings and Tim Cook’s announcement that the company will increase its quarterly dividend. Adam Satariano & Peter Burrows write: “Apple (AAPL) has come under pressure to release a new hit product that can live up to the success of the iPhone and iPad, sending the shares down more than 40 percent since September and wiping out about $280 billion in market value. Cook also took the unusual step of using a conference call with analysts to say that new products are in the works for later this year and …
Common Cause President Bob Edgar Dies
Common Cause, a non-partisan, grassroots organization that is committed to honest, open and accountable government, announced that former Congressman Bob Edgar, its president and CEO, died suddenly this morning at his home. Mr. Edgar was 69. “We are deeply saddened and shaken today by the passing of Bob Edgar,” said Common Cause Board Chair Robert Reich. “Bob will be remembered for his decency, kindness, compassion and humor. His deep commitment to social justice and strengthening our democracy is his greatest gift to Common Cause and the nation. Our hearts are with Bob’s family, his wife Merle, and sons Andrew, David …
Verizon Shareholder Proposal on Open Internet Issues Receives Support from Leading Proxy Advisory Firm ISS
FOR IMMEDIATE RELEASE APRIL 17, 2013: A shareholder proposal asking Verizon Communications Inc. (NYSE: VZ) to issue a report about the risks confronting the company because of its positions on net neutrality and open Internet issues has received support from the leading advisor to institutional investors. The shareholder proposal can be voted on by Verizon shareholders either by proxy over the next two weeks, or in person at the company’s annual meeting on May 2, 2013. ISS Proxy Advisory Services issued a “FOR” recommendation to its clients in support of the proposal, concluding: “Given the public and sensitive nature of …
Trillium’s Open Letter to Spectra Energy Shareholders Regarding Methane Emissions Proposal
Trillium Asset Management (Trillium) has published an open letter to Spectra Energy (NYSE: SE) shareholders urging them to vote “FOR” PROPOSAL 5 on the proxy card, which asks the Company how it is managing the economic and regulatory risks related to methane leakage in the Company’s operations. The shareholder proposal makes the following request of Spectra Energy: “Shareholders request that the Board of Directors publish a report (by October 2013, at reasonable cost, and omitting proprietary information) for investors on how Spectra Energy is measuring, mitigating, and disclosing methane emissions.” After reviewing the proposal, Institutional Shareholder Services (a division of …
Trillium’s Open Letter to Verizon Shareholders Regarding Network Neutrality Proposal
Trillium Asset Management (Trillium) has published an open letter to Verizon (NYSE: VZ) shareholders urging them to VOTE “FOR” ITEM 5 on the Company’s 2013 proxy card, which asks the Company to issue a report on “how Verizon is responding to regulatory, competitive, legislative and public pressure to ensure that its network management policies and practices support network neutrality, an Open Internet and the social values described [in the proposal].” Earlier this month, ISS Proxy Advisory Services issued a “FOR” recommendation to its clients in support of the proposal, concluding: “Given the public and sensitive nature of net neutrality and open Internet …
Green Century Balanced Fund, Subadvised by Trillium, Has Half the Carbon Intensity of the S&P 500
The Green Century Balanced Fund (GCBLX), which is subadvised by Trillium Asset Management, recently announced that it is 49.5% less carbon intensive than the S&P 500 Index without compromising financial returns. You can read the full report here. …
CenturyLink Implements the Most Robust Political Spending Disclosure in the Telecommunications Sector
Trillium Asset Management, LLC (Trillium) is pleased to announce that, following dialogue with CenturyLink (NYSE: CTL), we are successfully withdrawing our shareholder proposal which was focused on the company’s political spending disclosure. CenturyLink has agreed to publish publicly a semiannual Political Contributions Report which: Discloses processes and procedures for reviewing and approving political expenditures – this will include disclosing the roles and responsibilities of both board members and executives; and disclosing the criteria it uses in making decisions about political expenditures; Discloses aggregate data regarding political contributions on a state-by-state basis – with respect to the political expenditures that are aggregated …
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