Pentair – Trillium Asset Management

Pentair – Political Contributions (2011)

December 2, 2010

SUPPORTING STATEMENT The Supreme Court’s Citizens United decision in January 2010 legalized the use corporate funds to pay for ads supporting or opposing candidates directly and to contribute to state or local elections. In July 2010 Pentair donated $100,000 to MN Forward, a group created in the wake of the Supreme Court decision to collect donations by corporations (Wall Street Journal (8/7/10) to influence the outcome of 2010 state races. MN Forward focuses on economic policies and appears to ignore a candidate’s other positions in making endorsements and contributions. MN Forward has made campaign contributions to a Minnesota gubernatorial candidate …

Investors Call on 3M and Pentair to Review Political Contributions Policies

November 1, 2010

Trillium Asset Management Corporation, Walden Asset Management and Domini Social Investments issued a press release calling on Pentair and 3M Corporation to adopt emerging best practices of political contribution policies in light of recent controversies over political donations. The press release was issued in conjunction with shareholder proposals filed at Pentair and 3M asking the companies’ Board of Directors to prepare a report on policies and procedures for political expenditures and accounting of all political contributions. Click here to read the article from the Minneapolis Star Tribune Click here to read the press release …

Pentair – Sexual Orientation Non Discrimination Policy (2008)

January 24, 2008

WHEREAS Pentair does not explicitly prohibit discrimination based on sexual orientation in its written employment policy; We believe that corporations that prohibit discrimination on the basis of sexual orientation have a competitive advantage in recruiting and retaining employees from the widest talent pool; According to the Williams Institute at the UCLA School of Law, studies since the mid-1990s found that at least one in ten gay men and lesbians experienced workplace harassment or discrimination based on their sexual orientation; National public opinion polls consistently find that the majority of Americans support equal rights in the workplace for gay men, lesbians …