Investors Press Nike, Pepsi, and FedEx on Business Relationships with the Washington D.C. NFL Football Team
June 26, 2020 Today, 88 organizations representing $620 billion in assets sent letters to Nike, FedEx, and Pepsi urging the companies to terminate their business and public relationships with the National Football League’s (NFL) Washington D.C. franchise, if it does not stop using the name “Redskins.” The letters quote from the 2018 National Congress of American Indians resolution which stated: the use of the R-word as the name and mascot of the Washington National Football League team is offensive and hurtful to American Indian and Alaska Native people and causes direct, harmful effects on the physical and mental health and …
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. …
Webinar Replay: Trillium Client Call – Impacts of COVID-19 on Markets, Portfolios, and Shareholder Advocacy 4/14/20
Important Disclosure: The views expressed are those of the authors and Trillium Asset Management, LLC as of the date referenced and are subject to change at any time based on market or other conditions. These views are not intended to be a forecast of future events or a guarantee of future results. These views may not be relied upon as investment advice. The information provided in this material should not be considered 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. To …
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 …
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 …
Webinar Replay: 2020 Economic and Advocacy Outlook
Important Disclosure: The views expressed are those of the authors and Trillium Asset Management, LLC as of the date referenced and are subject to change at any time based on market or other conditions. These views are not intended to be a forecast of future events or a guarantee of future results. These views may not be relied upon as investment advice. The information provided in this material should not be considered 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. To …
Research from Trillium and Impact-Cubed Declares It’s Time to Divest from Guns
For immediate release: December 9, 2019 Contact: Elizabeth Levy, Partner and Portfolio Manager, Trillium Asset Management, elevy@trilliuminvest.com, 617-532-6660 Arleta Majoch, Product Specialist, Impact-Cubed, arleta.majoch@impact-cubed.com Boston, MA and Jersey, U.K., December 9, 2019 While Americans are clearly fed up with gun violence and a political solution remains out of reach, there exists a potentially important avenue for progress that is within reach – finance. The retirement assets of millions of Americans continue to be invested in gun companies, largely through passive pension funds and mutual funds that track benchmarks. However, new research has found that removing gun and ammunition manufacturers from …
Crain’s Chicago Business Op-Ed – Kraft Heinz: A cautionary cost-cutting tale
On December 3rd, 2019, Crain’s Chicago Business published a commentary authored by Environmental Health Strategy Center’s Mike Belliveau and Trillium Asset Management’s Susan Baker titled, “Kraft Heinz: A cautionary cost-cutting tale”. Read the full commentary below and online here. — Kraft Heinz: A cautionary cost-cutting tale Facing financial woes and lagging profits, the food giant must clean up its act—and its supply chain—to win customers back. With brands like Heinz ketchup and Kraft macaroni and cheese, Kraft Heinz is an iconic food company—and it’s in trouble. The Chicago-based food giant is facing a tough turnaround. Kraft Heinz began the year by taking an …
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 …
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 …
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