Trillium Commends Panera Bread for Initiating Sustainability Reporting Process
APRIL 14, 2014 // BOSTON, MA: Trillium Asset Management (Trillium) is pleased to announce that we have withdrawn our 2014 shareholder proposal, which was filed on behalf of The Christopher Reynolds Foundation, at Panera Bread (NASDAQ: PNRA) following a commitment from the company to publish a sustainability report by December 1, 2015. Panera will conduct a materiality assessment in 2014 in order to identify and prioritize issues that are material to the company. Managing, and reporting on, Environmental, Social and Governance (ESG) business practices helps companies compete in a global business environment characterized by finite natural resources, changing legislation, and …
Bloomberg Businessweek: Chipotle Asked to Back Up Image with Sustainability Report
Bloomberg Businessweek recently published a story about Trillium’s shareholder resolution, co-filed with Domini Social Investments, which asks Chipotle Mexican Grille (NYSE: CMG) to: “[I]ssue an annual sustainability report describing the company’s short- and long-term responses to ESG-related issues”. Leslie Patton writes: “Chipotle Mexican Grill Inc. which touts its natural ingredients and humanely raised meat, is being asked to show whether it practices what it preaches…Trillium and Domini are asking that Chipotle, along with more disclosure about the company’s farming standards, give shareholders more information on its carbon footprint, such as food packaging and store water use, as well as labor …
Google – Sustainability Reporting (2010)
WHEREAS Investors increasingly seek disclosure of companies’ social and environmental practices in the belief that they impact shareholder value. Many investors believe companies that are good employers, environmental stewards, and corporate citizens are more likely to be accepted in their communities and to prosper in the long-term. Sustainability refers to development that meets present needs without impairing the ability of future generations to meet their own needs. It includes “encouraging long lasting social well being in communities where [companies] operate, interacting with different stakeholders (e.g. clients, suppliers, employees, government, local communities, and non-governmental organizations) and responding to their specific and …
Costco – Sustainability Reporting (2010)
WHEREAS Investors increasingly seek disclosure of companies’ social and environmental practices in the belief that they impact shareholder value. Many investors believe companies that are good employers, environmental stewards, and corporate citizens are more likely to generate stronger financial returns, better respond to emerging issues, and enjoy long-term business success. Globally over 2,700 companies issued reports on sustainability issues in 2007 (www.corporateregister.com). A recent survey found that 80% of the Global Fortune 250 companies now release corporate responsibility data, which is up from 64% in 2005 (KPMG International Survey of Corporate Responsibility Reporting 2008). Mainstream financial companies are also increasingly …
The Importance of Being Google’s Sustainability Report
by Jonas Kron Google is a company that we often point to when asked to name companies that address environmental and social issues constructively. The company’s RE<C (Renewable Energy Cheaper Than Coal) is a groundbreaking initiative that will help change the power landscape, creating opportunities to advance solar thermal power, wind power technologies, and enhanced geothermal systems. We also are pleased to recognize Google’s efforts to cut or offset all of its greenhouse gas emissions at company data centers. Google is on the vanguard of efforts to maximize the efficiency of computers and minimize the environmental impact of the Internet …
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