Posts Categorized ‘Corporate Responsibility’

Chemical Footprint Project Releases First Report
By JJ Jahania

Last week, the Chemical Footprint Project (CFP) published its introductory annual report on corporate progress toward reducing chemical footprints. This report is the first of its kind to shed light on the chemical management practices of some of the world's largest and most recognizable brands. The CFP initiative was launched in 2014 with the support Read more »

Posted: June 2, 2016

Shareowners to Companies: Take Action on Climate!
By Holly Testa, Director, Shareowner Engagement

Originally published as a Future 500 blog. Shareowners have the opportunity every year to weigh in on issues they believe companies should address by filing shareholder resolutions at the company's annual meeting. By taking a close look at the resolutions filed each year, investor priorities emerge. According to the latest Proxy Preview, a comprehensive overview Read more »

Posted: May 26, 2016

How Far Would You Travel to Save Your Homeland?
By Holly Testa, Director, Shareowner Engagement

Small shareowners may feel powerless to have any impact on the decision-making of the enormous public corporations in which they invest. However, there are times when a few shares and a lot of teamwork can make a difference. Here is a case where a coalition of players, including shareowners, worked together to give a voice Read more »

Posted: May 19, 2016

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