Posts Categorized ‘Corporate Responsibility’

Why We Are Impatient for More Patient Capital
By Mel Miller

At First Affirmative we've built a business that helps our clients invest in companies that operate sustainably and responsibly. The investments strategies we offer own companies that contribute to a clean and healthy environment, treat people fairly, embrace equal opportunity, produce safe and useful products, and support efforts to promote a more peaceful world, all Read more »

Posted: May 10, 2016

What Should Shareowners Say on Pay?
By Holly Testa, Director, Shareowner Engagement

As income inequality continues to rise, outsized executive pay packages linked to short-term performance are being called into question. This was discussed at length during the recent Investing for Impact event First Affirmative hosted in San Francisco. In 2011, the SEC (Securities and Exchange Commission) mandated that shareowners have a "say on pay"-the right to Read more »

Posted: April 20, 2016

Corporate Political Spending Remains in the Dark
By Holly Testa, Director, Shareowner Engagement

As noted in a previous blog post, the 2010 Supreme Court decision, Citizens United, opened the floodgates for unlimited political spending. This includes secret funds or “dark money” funneled through third parties. The majority of Justices optimistically assumed that appropriate disclosure would accompany the increased political spending. But while the flood of money has certainly Read more »

Posted: February 17, 2016

Does Corporate Lobbying Compromise Democracy… and Capitalism?
By Holly Testa, Director, Shareowner Engagement

The dictionary definition of lobbying is "an organized group of people who work together to influence government decisions that relate to a particular industry or issue." Lobbying would therefore seem to be a cornerstone of democracy in action. If numerous groups that reflect the rich diversity of opinion held within society are effectively represented, governmental Read more »

Posted: October 27, 2015

YUM! Joins the Growing Corporate Commitment to 100% Responsible Palm Oil
By Holly Testa, Director, Shareowner Engagement

Trillium Asset Management and First Affirmative Financial Network joined forces last fall to file a shareholder resolution at Yum! Brands asking for quantitative information that demonstrates the extent to which Yum! is curtailing the impact of its palm oil supply chain on deforestation and human rights. This resolution was withdrawn after productive dialogue with the Read more »

Posted: July 15, 2015

CEOs Join Forces to Ask for a Global Emissions Reduction Goal
By George Gay

I recently joined forces with CEOs from 120 institutional investors urging the Group of 7 (G7) finance ministers and central bank governors to support the inclusion of a long-term emissions reduction goal in the international climate agreement to be negotiated in Paris in December, 2015. I wanted to take this opportunity to explain why. High-Stakes, Read more »

Posted: July 10, 2015

Investors Urge Kinder Morgan to Accept Climate Change Realities
By Holly Testa, Director, Shareowner Engagement

For the second year in a row, Kinder Morgan, which describes itself as “the largest energy infrastructure company in North America,” was faced with environmentally-focused shareholder resolutions at their Annual General Meeting (“AGM”): First Affirmative asked for a report analyzing if and how the company’s capital expenditure strategies are consistent with the commitment made in Read more »

Posted: July 2, 2015

Disclosing Secret Corporate Political Spending Does Not Hinder Free Speech
By Holly Testa, Director, Shareowner Engagement

An essential characteristic of good corporate governance is appropriate disclosure of material risks and opportunities by companies to their shareowners. Such disclosure allows investors to make better informed decisions about the companies in which they invest. This is why much of First Affirmative's advocacy work focuses on disclosure practices. One particular area of focus is Read more »

Posted: June 5, 2015

What Is the Triple Bottom line?
By James Griffitts, Contributor

The phrase “bottom line” has its roots in traditional business accounting.  The term refers to the bottom line of an income statement, where total profit or losses are recorded. In effect, the bottom line indicates whether a business is making or losing money. For many in the business community, showing maximum profit on the bottom Read more »

Posted: May 11, 2015

Partners in Advocacy: Calvert Investments
By Holly Testa, Director, Shareowner Engagement

First Affirmative’s shareowner advocacy program does not stand alone. Many of the asset managers we use in client accounts are also our partners in advocacy—and they have powerful stories to share. In this installment, we talk with Stu Dalheim, Vice President, Shareholder Advocacy, Calvert Investments. Calvert Investments has a large footprint—but we are not talking Read more »

Posted: May 8, 2015