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. …
Investors Press Oil and Gas Companies to Reduce and Report Risks from Hydraulic Fracturing Operations
BOSTON, MA // FEBRUARY 5, 2013: Citing concerns over water management, toxic chemical disclosure, greenhouse gas emissions and other community impacts, investors have called upon 9 leading oil and gas companies to disclose critical information about the ways they are managing and measuring the risks associated with hydraulic fracturing, or “fracking,” operations and shale gas transmission. Shareholders have filed resolutions with Cabot Oil and Gas, Chevron, Exxon Mobil, EOG Resources, ONEOK, Pioneer Natural Resources, Spectra Energy, Range Resources and Ultra Petroleum challenging these companies to quantifiably measure and reduce environmental and societal impacts. “Now is the time for companies to …
Trillium’s 2012 Corporate Engagement Highlights
Susan Baker, Vice President, Trillium Asset Management Over the course of 2012, Trillium engaged with over two dozen major U.S. and foreign corporations to address a wide range of concerns, including climate change, sustainable agriculture and fisheries, Indigenous rights and environmental justice, political spending, labor and human rights, diversity and non-discrimination, and a free and open Internet. Below are a few important highlights. Climate Change and Sustainable Agriculture Trillium’s shareholder proposal at J.M. Smucker on the sustainability of its coffee supply chain received 30% support. We re-filed the proposal, focusing on the well-being of coffee-farming families and a sustainability strategy. …
Information for SJM Shareholders Regarding Our 2015 Shareholder Proposal
July 30, 2015: Trillium Asset Management, along with our colleagues at Calvert Investments, Clean Yield Asset Management, and Green Century Capital Management, filed a 2015 shareholder proposal with Smucker (NYSE: SJM) which asks the Company’s Board of Directors to: “issue a public report, at reasonable cost and excluding confidential information, by January 2016 analyzing and proposing how the company can increase its renewable energy sourcing and/or production”. The proposal appears as Item #5 on the Company’s 2015 proxy materials and is opposed by management. For additional information, please contact Brianna Murphy at 617-532-6662 or bmurphy@trilliuminvest.com. Rationale for a “Yes” Vote: …
Increasing Energy Demand Highlights Investment Opportunities for Efficiency and Renewables
By Elizabeth R. Levy, CFA and Brianna Murphy One of the significant drivers of recent economic growth has been a surge in domestic energy production, leading to a revival in manufacturing of both products and materials. Low natural gas prices are leading to a resurgence of the chemicals industry in the U.S., predominantly on the Gulf Coast of Louisiana and Texas. Methanex, a Canadian chemicals firm, is physically relocating two methanol factories from Chile to the U.S. in order to take advantage of low gas prices, despite estimated costs of $1 billion to move the plants . As domestic manufacturing …
Producer Responsibility for Packaging – Proctor & Gamble (2012)
WHEREAS product packaging is a significant consumer of natural resources and energy, and a major source of waste and greenhouse gas (GHG) emissions. More than half of U.S. product packaging –37 million tons – is discarded in landfills or burned rather than recycled. Packaging debris migrates to oceans where it damages fisheries, tourism and marine life. Paper and packaging comprise 43% of U.S. landfill waste. Nestle Waters North America says plastic bottles are the largest contributor to its carbon foot print; Coca-Cola Co. reports packaging is the largest part of the carbon footprint of several products. A recent analysis of …
Procter & Gamble – Extended Producer Responsibility (2011)
WHEREAS Product packaging is a significant consumer of natural resources and energy, and a major source of waste and greenhouse gas (GHG) emissions. More than half of U.S. product packaging –37 million tons – is discarded in landfills or burned rather than recycled. Packaging comprises nearly one-third of all U.S. landfill waste. Nestle Waters North America says plastic bottles are the largest contributor to its carbon foot print; Coca-Cola Co. reports packaging is the largest part of the carbon footprint of several products. A recent analysis of U.S. Environmental Protection Agency data estimates that the energy needed to produce and …
Bank of America – Mountain Top Removal Mining (2010)
WHEREAS Bank of America (BAC) recognizes that its ability to attract and retain customers and employees could be adversely affected “to the extent our reputation is damaged” and that “failure to address, or to appear to fail to address various issues” could damage the Corporation and its business prospects (2005 Annual Report). BAC also recognizes that: The company’s health is dependent on the health of communities and our society; Climate change and atmospheric pollution represent a risk to the ultimate stability and sustainability of our way of life; and Every part of our business has a potential impact on our …
ConocoPhillips – Drilling in the Arctic National Wildlife Refuge (2004 – 2005)
WHEREAS: the Arctic National Wildlife Refuge is the only conservation area in the nation that provides a complete range of Arctic and sub-Arctic ecosystems balanced with a wide variety of wildlife, including large populations of caribou, muskoxen, polar bears, and snow geese; WHEREAS: the Fish and Wildlife Service considers the Arctic Refuge one of the finest examples of wilderness left on the planet; WHEREAS: the coastal plain of the Arctic Refuge is the only section of Alaska’s North Slope not open for oil and gas leasing, exploration and production; and RESOLVED: The Shareholders request that Board of Directors prepare a …