FAFN Announces LGBTQ Rights Panel at 27th Annual SRI Conference
Boston, MA // September 2, 2016 — This week, First Affirmative Financial Network (FAFN), host of the annual SRI Conference, published a press release highlighting a forthcoming panel that will explore the influence of shareholder activism in protecting the rights of LGBTQ (lesbian, gay, bisexual, transgender, queer or questioning) individuals in countries where discrimination and legal consequences are common practice. The conference panel, “Shareowner Advocacy in the Global Struggle for Full LGBTQ Rights”, will address how shareholders can take action and engage companies on achieving equality for the LGBT community. In the Unites States, 28 of the 50 states lack …
Trillium, Ceres, and Investors Welcome California’s Senate Bill 32
Boston, MA// August 26, 2016: This week, California’s state assembly passed an important climate bill extending greenhouse gas emission (GHG) targets, a critical step towards global effort to adopt strong climate policy. Under the new law, Senate Bill 32, legislation requires reducing greenhouse gas emissions to 40% below 1990 levels by 2030, extending the current climate law, Assembly Bill 32 (AB 32), which requires the state to reach 1990 levels by 2020. “Today’s action reinforces California’s leadership and commitment to a low-carbon economy and sends a powerful signal to the rest of the country and the world that they should …
Trillium Commends EPA and Obama Administration on New Fuel Efficiency Standards
BOSTON, MA // August 18, 2016: Earlier this week, the Obama Administration announced stricter fuel efficiency and greenhouse gas (GHG) emission standards for heavy duty trucks and buses. The administration adopted new fuel efficient standards which will reduce emissions and cut costs for large-scale trucks such as tractor-trailers, delivery and passenger vans, and buses. Currently, these vehicles account for 20% of transportation-related fuel consumption and carbon emissions. The new standards are a significant part of President Obama’s efforts to address climate change and fossil fuel energy consumption. Trucks are becoming the fastest-growing source of greenhouse gas emissions in the trucking …
Trillium Commends Governor Baker and the Massachusetts Legislature on Approval of Equal Pay Bill
Boston, MA // August 11, 2016: At Trillium, we believe that the gender wage gap deserves significant attention by today’s policymakers. While we’ve found that shareholder advocacy can have a positive impact on company policies, legislation is the most effective means of leading change and eliminating differences in pay between genders. Governor Charlie Baker recently signed a bipartisan bill, sponsored by Senator Pat Jehlen and Representatives Jay Livingstone and Ellen Story, which will ensure equal pay for comparable work in the state of Massachusetts.[1] The bill will prevent pay discrimination based on gender and will go into effect on July …
Information for Smucker Shareholders Regarding our Renewable Energy Shareholder Proposal
ORRVILLE, OH // AUGUST 10, 2016: Trillium Asset Management has published a letter to shareholders of J.M. Smucker Company (NYSE: SJM) urging them to vote next Wednesday, August 17, 2016, in favor of a shareholder proposal on the company’s 2016 proxy card. The proposal, asks J.M. Smucker to issue a report by January 2017analyzing and proposing how the company can increase renewable energy sourcing and/or production. The letter provides the following rationale for voting “Yes”: Opportunities: Increased renewable energy sourcing can lead to cost savings, improve the company’s license to operate, and enhance U.S. energy security Risk management: Investing in …
J.B. Hunt Expands Workplace Policies to Protect LGBT Employees
Boston, MA // August 8, 2016: Trillium is pleased to share that following a yearlong engagement with transportation company J.B. Hunt (NASDAQ: JBHT) the board has decided to amend the company’s equal employment opportunity policy to protect all lesbian, gay, bisexual, and transgendered (LGBT) employees. These changes follow our shareholder proposal presented at the June annual meeting asking the company to add sexual orientation and gender identity to the EEO policy. Although J.B. Hunt management advised shareholders to vote against these changes, the proposal received a remarkable 54.7% vote. In response to the majority vote, the board appointed an internal …
Trillium Speaks to DNC Attendees at ASBC Policy Forum in Philadelphia
August 2, 2016 – On July 26th, Trillium CEO Matt Patsky participated as a speaker on the ‘Policy Forum on the Business Case for a Sustainable Economy’, held by the American Sustainable Business Council (ASBC) and coinciding with the DNC Conference in Philadelphia. Patsky spoke on a panel titled, “Responsible Capital – Investing in a Prosperous America”, which examined innovative strategies private companies, foundations and impact investors are using to achieve societal impacts. The forum highlighted how capital markets and the tax system can be reshaped to benefit a broader cross-section of Americans and was timed to help influence DNC …
Wabtec Elects First Woman to Board of Directors, Demonstrating Commitment to Diversity
July 26, 2016: Trillium Asset Management, LLC commends Wabtec Inc. (NYSE: WAB) for electing Linda Hart, Vice President and Treasurer of Medtronic PLC, to its Board of Directors. Ms. Hart’s strong background in finance and treasury, acknowledged in the company’s press release, makes her a strong addition to the board as Wabtec continues to expand its business globally. Following constructive dialogue with Trillium, Pennsylvania Treasury, and The Thirty Percent Coalition, and subsequent to a shareholder proposal filing, Wabtec’s board agreed in 2014 to amend its Corporate Governance Guidelines and Nominating & Corporate Governance Committee Charter. The revisions demonstrate a clear …
2017 Joan Bavaria Award Nominations
We Celebrate the 10th Anniversary of the Joan Bavaria Award History Every year, the Joan Bavaria Award for Building Sustainability into Capital Markets recognizes a unique investor, business, or NGO leader who is working to transform the capital markets into a system that balances economic prosperity with social and environmental concerns. The Joan Bavaria Award is presented by Ceres and Trillium Asset Management at the annual Ceres Conference, being held next year from April 26th-27th in San Francisco, CA. Joan Bavaria founded Trillium in 1982 to provide a space for clients to invest their money in alignment with their values. Under Joan’s visionary leadership, Trillium grew to …
Trillium Submits Response to SEC Proposal on Sustainability Disclosures
Trillium recently issued a statement in response to the release of the U.S. Securities and Exchange Commission (SEC)’s business and financial disclosure requirements in Regulation S-K. Regulation S-K mandates the information public companies are required to file with the SEC. Alongside key players such as Ceres, The Forum for Sustainable and Responsible Investment (US SIF), and the Interfaith Center on Corporate Responsibility (ICCR), we encourage the SEC to require companies to disclose their environmental, social, and governance (ESG) practices as part of information filed under Regulation S-K. For several years, investors have urged the SEC to revise disclosures and improve …
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