Social – Page 3 – Trillium Asset Management

Alphabet Inc – Algorithm Disclosure (2023)

February 7, 2023

Whereas legislators, regulators, academics, and civil society increasingly require information to help understand how algorithmic systems can lead to discriminatory and other harmful outcomes in education, labor, medicine, criminal justice, and online platforms.[1] In 2022 the White House published a Blueprint for an AI Bill of Rights including a call for “algorithmic impact assessments” from independent evaluators to look for discrimination.[2] In 2021: (1) bipartisan lawmakers introduced the Filter Bubble Transparency Act, which would require companies to provide a version of their products which uses an “input-transparent” algorithm; (2) the Social Media Disclosure and Transparency of Advertisements Act was introduced …

Tesla – Social – Workplace Diversity (2022)

August 15, 2022

Resolved: Shareholders of Tesla, Inc. (“Tesla”) ask the Board of Directors to oversee the preparation of a publicly-disclosed report on the impact of the use of mandatory arbitration on Tesla’s brand, employees and workplace culture. The report should evaluate the impact of Tesla’s current use of arbitration on the prevalence of harassment and discrimination in its workplace, on employees’ ability to seek redress, and on consumer perceptions of Tesla as an employer. The report should be prepared at reasonable cost and omit proprietary and personal information. WHEREAS: A workplace that tolerates harassment and discrimination invites legal, brand, financial, and human …

The Travelers Companies, Inc. – Racial Justice Audit (2022)

January 6, 2022

To combat systemic racism, corporations should recognize and remedy industry- and company-specific barriers to everyone’s full inclusion in societal and economic participation. Racial gaps cost the U.S. economy an estimated $16 trillion over the past twenty years. (1) Closing the Black- and Hispanic-white wealth gaps could add 4-6% to American GDP by 2028. (2) One year after many companies made commitments to racial justice, the practical outcomes remain unclear. Fifty corporate pledges totaling $49.5 billion were characterized by a 2021 analysis as falling short of addressing systemic racism. (3) Shareholders lack independent assessments that racial equity strategies are impactful, address …

SVB Financial Group – Racial Justice Audit (2022)

January 6, 2022

To combat systemic racism, corporations should recognize and remedy industry- and company-specific barriers to everyone’s full inclusion in societal and economic participation. Racial gaps cost the U.S. economy an estimated $16 trillion over the past twenty years. (1) Closing the Black- and Hispanic-white wealth gaps could add 4-6% to U.S. GDP by 2028. (2) More than one year after many companies made commitments to racial justice, the practical outcomes remain unclear. Fifty corporate pledges totaling $49.5 billion were characterized as falling short of addressing systemic racism after an August 2021 analysis. (3) Shareholders lack independent assessments that racial equity strategies …

TJX Companies Inc. – Reproductive Rights (2022)

January 6, 2022

Access to abortion is being challenged at the state and federal level in the U.S. A patchwork of laws regulates access to abortion and broader reproductive rights. Since 2011, state legislatures have passed more than 600 restrictive laws. Other states have enacted legislation that protects these rights. Eleven states ban abortion coverage in all state-regulated private insurance plans, while six states require private insurance plans to cover abortion. TJX Companies, Inc. (“TJX”) has operations in all fifty states, subject to this patchwork of laws. Should Roe v. Wade be weakened or overturned, as is widely anticipated, TJX employees will face …

Target – Paid Sick Leave (2022)

January 6, 2022

Whereas: More than 26 million people working in the private sector have no access to earned sick time, or “paid sick leave” (PSL), for short-term health needs and preventive care. (1) Working people in the United States face an impossible choice when they are sick: stay home and risk their economic stability or go to work and risk their health and the public’s health. The vast majority (77 percent) of the lowest earning 10 percent of American employees do not have access to PSL. (2) 48 percent of Latinx workers and 36 percent of Black workers report having no paid …

LHC Group, Inc. – Racial Justice Audit (2022)

January 6, 2022

To combat systemic racism, corporations should recognize and remedy industry- and company-specific barriers to everyone’s full inclusion in societal and economic participation. Racial gaps cost the U.S. economy an estimated $16 trillion over the past twenty years. (1) Closing the Black- and Hispanic-white wealth gaps could add 4-6% to U.S. GDP by 2028. (2) More than one year after many companies made commitments to racial justice, the practical outcomes remain unclear. Fifty corporate pledges totaling $49.5 billion were characterized as falling short of addressing systemic racism after an August 2021 analysis. (3) Shareholders lack independent assessments that racial equity strategies …

Intercontinental Exchange – Diversity Targets (2022)

January 6, 2022

The business case for workforce diversity is compelling. McKinsey & Company’s ongoing studies find that highly diverse executive teams have higher returns on equity and earnings performance than those with low diversity. Companies in the top quartile for gender diversity on executive teams were 25 percent more likely to have industry-leading profitability. Companies in the top quartile for ethnic/cultural diversity were 36 percent more likely to have industry-leading profitability. (1) A key finding is that ethnicity is consistently linked to higher outperformance than gender is. Leaders believe that finding diverse talent is the biggest challenge in changing workforce demographics. However, …

CVS Healthcare – Paid Sick Leave (2022)

January 6, 2022

Whereas: More than 26 million people working in the private sector have no access to earned sick time, or “paid sick leave” (PSL), for short-term health needs and preventive care. (1) Working people in the United States face an impossible choice when they are sick: stay home and risk their economic stability or go to work and risk their health and the public’s health. The vast majority (77%) of the lowest earning 10% of American employees do not have access to PSL. (2) 48% of Latinx workers and 36% of Black workers report having no paid time away from work of …

Burlington Stores – Chemical Policy Report (2022)

January 5, 2022

The costs of environmental chemical exposure to the health of the global economy raises significant concerns for investors. Economic costs are rising: a 2017 study showed that costs associated with environmental chemical exposures worldwide likely exceed 10 percent of global GDP, or 11 trillion dollars. (1) A 2021 study published in the journal Environmental Pollution estimates that premature deaths linked to a common class of chemicals found in food containers, cosmetics and children’s toys cost the US about 40 to 47 billion dollars annually in lost economic productivity. Regulatory risk is on the rise. Since 2018, 38 states (up from …

Alphabet Inc – Algorithm Disclosure (2023)

Intercontinental Exchange – Diversity Targets (2022)

Burlington Stores – Chemical Policy Report (2022)

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