Trillium Recognized by B Lab as “Best of the Best” for Creating Positive Social and Environmental Impact
April 17, 2013// BOSTON, MA: Today, Trillium Asset Management (Trillium) was named “Best for the World” for creating the most overall social and environmental impact. 67 companies worldwide were recognized by the nonprofit B Lab, with the release of the second annual “Best for the World” list. B Corporations are certified by the nonprofit B Lab to meet rigorous standards of social and environmental performance, accountability, and transparency. Trillium first became a certified B Corporation in 2008. The B Corp “Best for the World List” honors businesses that earned an overall score in the top 10% of all Certified B …
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. …
Information for Current Range Resources Shareholders Regarding Trillium’s 2013 Shareholder Proposal
On behalf of our clients, Trillium Asset Management filed a 2013 shareholder resolution with Range Resources (NYSE: RRC) which asks the Company’s Board of Directors to: “publish a report (by October 2013, at reasonable cost, and omitting proprietary information) for investors on how Range Resources is measuring, mitigating, Setting reduction targets, and disclosing methane emissions”. The resolution is opposed by management. You can find more information and read Trillium’s rationale for a “YES” vote here. …
Information for Current Oneok, Inc. Shareholders Regarding Trillium’s 2013 Shareholder Proposal
On behalf of our clients, Trillium Asset Management filed a 2013 shareholder resolution with Oneok, Inc. (NYSE: OKE) which asks the Company’s Board of Directors to: “publish a report (by October 2013, at reasonable cost, and omitting proprietary information) for investors on how Oneok is measuring, mitigating, setting reduction targets, and disclosing methane emissions.” The resolution appears as Proposal #5 on the Company’s 2013 proxy materials and is opposed by management. You can find more information and read Trillium’s rationale for a “YES” vote here. …
Online Course on the Fundamentals of SRI Launched by US SIF Foundation
April 9, 2013 // WASHINGTON, DC: Today, the US SIF Foundation launched the Center for Sustainable Investment Education and the Center’s inaugural online course, Fundamentals of Sustainable and Responsible Investment. This is the first online course on sustainable investment for financial advisors and other investment professionals to be launched in the United States. Fundamentals of Sustainable and Responsible Investment, developed by experts in the field, provides a unique blend of instruction and scenario learning that explains how to talk about SRI with clients, incorporate SRI into investment portfolios and understand the latest trends and research. Paul Hilton, Portfolio Manager at …
Trillium Successfully Withdraws Four Board Diversity Proposals
In the autumn of 2012, Trillium filed board diversity shareholder proposals at Superior Energy* (NYSE: SPN), Hartford Financial* (NYSE: HIG), Zimmer Holdings (NYSE: ZMH) and Lowe’s Companies (NYSE: LOW). The proposals asked each company to: “publicly commit [themselves] to a policy of Board inclusiveness to ensure that women are routinely sought as part of every Board search the company undertakes” At the time of the filings, each company had either no women or only one woman on its board of directors. Further, none of the four companies disclosed diversity, inclusive of gender or race, as part of its board nominee …
Proxy Preview: Trillium is “Major Player” — Filing 22 ESG Shareholder Resolutions for 2013
Proxy Preview, which is a collaboration between As You Sow, The Sustainable Investments Institute and Proxy Impact, provides an overview of upcoming votes on environmental and social shareholder resolutions—including advocacy sections for 2013´s most prominent issues. The report notes that as of February 15, 2013, “Investors have filed a total of 365 shareholder resolutions on environmental and social issues, which is more than they had at this point in 2012, when the tally stood at only 345. Political spending resolutions continue to dominate the agenda, totaling one-third of all the proposals filed so far. Resolutions concerning climate and energy, other …
Bloomberg: Apple Requires CEO Cook to Hold 10 Times Salary in Stock
Adam Satariano, a reporter for Bloomberg News in San Francisco, writes: “Apple Inc. (AAPL) is requiring executives to hold more stock as a multiple of their salary, amid pressure from investors to more closely link pay to equity performance as slowing growth batters the shares. Chief Executive Officer Tim Cook will be required to hold 10 times his base salary in shares, and other senior executive officers must own triple their base salary in stock, according to ownership guidelines that took effect Feb. 6 and are posted on the company’s website. Non-employee directors need to hold five times their annual …
Investors File Shareholder Resolutions Encouraging Diversity in the Corporate Boardroom
Boston, MA // February 28, 2013: Institutional Investors continue to advocate for greater diversity in the corporate boardroom in 2013 and have filed shareholders’ resolutions with 20 companies with no women on their boards for a vote at their annual meetings. The investors filing these resolutions are urging these companies to adopt charter language supporting board diversity and institute a practice of including women and minority candidates on their boards. According to reports by Catalyst, ION and Governance Metrics International, women only hold roughly 12 – 16% of corporate board seats today, a statistic that has been static over the …
Bloomberg: Investors Demand Climate-Risk Disclosure in 2013 Proxies
According to Ernst & Young LLP, more than 40% of shareholder resolutions submitted in 2012 deal with environmental and social issues. The environmental impact of hydraulic fracturing, or fracking, continues to receive increasing attention from shareholders. Avery Fellow, of Bloomberg BNA, writes: “Shareholders are filing resolutions asking companies to disclose physical risks posed by climate change for the first time this proxy season, according to representatives of sustainable investor groups. Shareholders also are continuing to file an increasing number of sustainability related resolutions asking companies to set greenhouse gas emission reduction goals, publish sustainability reports, pursue energy efficiency, and disclose …
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