Nuclear Power Finds Some Acceptance Within the SRI Community
Milton Moskowitz I was 18 when two atom bombs were dropped on Japan, and I remember feeling relieved because it meant that we probably would not need to sacrifice thousands of soldiers’ lives in a frontal invasion of the Japanese mainland. There were few dissenters to this action, which did accomplish its mission. Seeing the destruction wrought in Hiroshima and Nagasaki, the Japanese government surrendered, ending World War II. It’s eerie that 66 years later nuclear energy is again causing havoc in Japan, although this time it was self-imposed. The combination of a 9.0 earthquake and subsequent tsunami crippled the …
Sysco – Climate Change Related Water Risk (2011)
RESOLVED Shareholders request that by April 2012, the Board of Directors provide a report to shareholders (at reasonable cost and excluding confidential and proprietary information) on how Sysco is assessing water risk to its agricultural supply chain and action it intends to take to mitigate the impact on long-term shareholder value. SUPPORTING STATEMENT Water management is an emerging strategic business issue. The Securities and Exchange Commission states in its 2010 “Guidance Regarding Disclosure Related to Climate Change”, that climate change and water may challenge companies “dependent on suppliers that are impacted by climate change, such as companies that purchase agricultural …
"SEC Requires More Climate Change Data"
Matt Patsky, Trillium’s CEO, was quoted in an article from the Wall Street Journal Financial Advisor Blog about the recent SEC decision to require companies to disclose potential risks associated with climate change. Click on the link below to view the article. SEC Requires More Climate Change Data Wall Street Journal, Financial Advisor, January 29, 2010 …
SEC Issues Ground-Breaking Guidance on Climate Change Risk Disclosure
[We’re pleased to excerpt this press release from Ceres, the Investor Network on Climate Risk and the Environmental Defense Fund. Trillium Asset Management Corporation participated heavily in the lobbying efforts that lead to this breakthrough.] Contact: Peyton Fleming, Ceres, 617-733-6660 or fleming@ceres.org Steve Tripoli, Ceres, 617-247-0700 x155 or tripoli@ceres.org Sharyn Stein, EDF, 202-572-3396 or sstein@edf.org Download the Ceres/EDF Fact Sheet – SEC: Companies Must Disclose Climate Risks & Opportunities Leading Investors Hail Today’s Landmark Decision WASHINGTON, D.C. (January 27, 2010) – The U.S. Securities and Exchange Commission today issued new interpretive guidance that clarifies what publicly-traded companies need to disclose …
The Smart Grid Brings Smart Tips for Energy Use
Knowledge is power? Not according to Google and Microsoft. These firms and many others have recently rolled out energy efficiency tools designed for consumers to use on the emerging smart grid. The hope is that knowledge will bring less power, fewer blackouts and reduced carbon emissions. Investors are beginning to sit up and take notice of smart grid technologies, especially since the Obama Administration’s stimulus plan directed over $4 billion to the young industry. There’s been much talk about how a smart grid can reshape the utility industry, but smart grid technology also will bring about changes for you and …
"RISK: SEC reverses Bush-era policy on climate disclosures"[eenews.net]
“In a policy reversal long sought by shareholder advocates, the U.S. Securities and Exchange Commission ruled yesterday that investors can directly call on public companies to describe the financial risks they face from global warming,” according to E&E News ClimateWire. Trillium has been a leader in pushing the SEC on this issue, and Senior Social Research Analyst Jonas Kron is mentioned in the article. More on Trillium’s involvement can be found here: https://archive.trilliuminvest.com/news-articles-category/big-victory-for-shareholder-rights/ …
Trillium Subadvised Green Century Balanced Fund is First U.S. Mutual Fund to Report its Carbon Footprint
The Green Century Balanced Fund, which is subadvised by Trillium, just announced that it is the first U.S.-based mutual fund to disclose its carbon footprint. The carbon footprint analysis was conducted by Trucost, and the results indicate that the carbon intensity of the Balanced Fund is two-thirds less than that of the S&P 500 Index. Click here to read the carbon footprint report and full press release. …
Climate Change Shareholder Resolution Wins Majority at Idacorp
In a precedent setting victory, a shareholder resolution filed by Trillium Asset Management Corporation (“Trillium”), As You Sow, and Calvert that asked Idaho Power to establish greenhouse gas emissions reduction targets received 52% of the vote. This is the first time a climate change resolution has received a majority vote — the first majority vote recorded for a climate change shareholder proposal. In response to the vote, Idaho Power CEO LaMont Keen said that the company took this message seriously, and would work to meet the resolution’s request for a report by September 30th. The resolution received the endorsement of the Idaho …
What Goes Up Doesn’t Always Go Up
The latest disaster in the financial markets has once again shown that some of the biggest risks investors face derive from the excesses of free markets themselves. This time it was unregulated lending, leverage and speculation. In 2000 it was over-optimistic and at times corrupt Wall Street analysts, gobbling up creative corporate accounting that massaged income statements to show profits where there were none. Some of the other systemic risks embedded in financial markets are barely on the radar screen of most investors. These range from unregulated pollution causing global warming, to the worrisome increase in nuclear proliferation during the …
Turn Down the Heat – It's Getting Warmer
With all the talk out there about energy efficiency and reduced use, I can’t help but think of my mom, telling us kids to put on a sweater, the heat would not go up. I laugh at the person I’ve become, as I tell my own kids the same thing, adding the environmental commentary that it’s one little thing we can do and if we don’t, climate change will turn up the heat more than we’d like – before we know it. So what’s a shareholder to do, in this day and age of climate change, when a company in …
Recent Comments