TJX Companies, Inc.—Over 44% of the retailer’s shareholders voted for action to reduce chemical risk
Trillium’s shareholder proposal at TJX Companies, Inc., requesting that the retailer take action to reduce chemical risk, received a 44% shareholder vote. Read the Investor Environmental Health Network’s press-release covering our engagement here: https://iehn.org/resources/entry/press-release-tjx-vote 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 recommended for advisory clients. …
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 …
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 …
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 …
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 …
Richard Ferlauto Posthumously Awarded the 2018 Bavaria Award for Lifelong Leadership in Corporate Governance
April 27, 2018// Boston, MA – Richard Ferlauto, co-founder of the 50/50 Climate Project and a former Deputy Director at the U.S. Securities and Exchange Commission, has been posthumously awarded the prestigious Joan Bavaria Award for Building Sustainability into the Capital Markets. The announcement was made Wednesday, April 25th, at the Ceres Conference 2018 at the Park Plaza Hotel in Boston. The award is given annually by the sustainability nonprofit organization Ceres and the Boston-based investment firm Trillium Asset Management to honor inspiring global leaders working to move capital markets toward a system that balances economic prosperity with social and environmental issues. …
Verizon Shareholders Demand Cyber Security & Data Privacy Accountability
PRESS RELEASE Contact: Jonas Kron, Trillium Asset Management, (503) 894-7551, jkron[at]trilliuminvest.com Boston, MA // March 20, 2018 – Citing significant risks associated with multiple recent data breaches, Verizon Communications investors have filed a shareholder proposal calling on the company’s board to link senior executive compensation to the effectiveness of its cyber security and data privacy practices. While Verizon has long claimed that data privacy and data security are top priorities, the proposal notes, in 2016 the company’s division that helps Fortune 500 companies respond to data breaches suffered a data breach of its own, including information on some 1.5 million customers …
Trillium Featured in As You Sow 2018 Proxy Preview Report
Boston, MA // March 16, 2018 – In a year of rapidly shifting public policy, investors have filed more than 400 resolutions about environmental, social and sustainable governance issues for shareholders to consider this spring. Proxy Preview 2018, a collaboration between Proxy Impact, Si2, and As You Sow, helps investors align their investments with their values and includes analysis and insight on workforce diversity, cyber security, and data privacy from leading experts including Susan Baker, Brianna Murphy, and Jonas Kron of Trillium Asset Management’s shareholder advocacy team. The report addresses the following: A total of more than 400 shareholder resolution filings …
Resiliency and Climate Planning in Boston: A Regional Case Study of Coastal Climate Change Investment Risks and Opportunities
January 3, 2018 // Boston, MA: On Wednesday, January 17, 2018, CFA Society Boston will partner with Trillium Asset Management to host Resiliency and Climate Planning in Boston. Over half of all Americans – 164 million – live in coastal regions and contribute to the 58% of US GDP generated in those regions. With increased flooding, more forceful storms and extreme temperatures, the impacts of climate change are already evident in those regions. Consequently, the associated investment risks and investment opportunities are intensifying. To address these risks and opportunities, a panel of experts will convene at the Hyatt Regency Boston. …
CFA Society Boston to Host 5th Annual Sustainable Investing Seminar
October 31, 2017 // Boston, MA: On Monday, November 13, CFA Society Boston will host its 5th Sustainable Investing Seminar, Sustainable Investing: Moving into the Mainstream, an annual event that helps mainstream financial professionals navigate sustainable investing challenges. As companies have become more environmentally and socially focused, sustainable investors are moving away from divestment and towards using Sustainable Investing data to look for opportunities as well as moving into thematic and impact investing. New platforms continue to be developed to measure sustainability and provide more transparent and reliable data. However, work continues to standardize company reporting and educate both investors and …
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