Tractor Supply takes Important Steps to Build Diversity in its Leadership Ranks
BOSTON, MA // (April 09, 2020) Businesses in every sector are facing myriad of decisions that impact employees, customers, communities and shareholders today and long into the future as a result of the Covid-19 crisis. Part of our work as investors is to ensure companies have strong governance structures in place at the board and leadership levels necessary to drive prudent and fair decision making. When diversity of skills, expertise, gender, race and ethnicity are well represented at the highest levels of decision making the benefits enterprise-wide and for all stakeholders increases. We saw this in February when the New …
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 …
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 …
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 …
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 …
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