Posts Categorized ‘Shareholder Advocacy’

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

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

SEC Dismantles Roadblock to Shareowner Engagement
By Holly Testa, Director, Shareowner Engagement

Investment advisors who file shareholder proposals on behalf of clients can no longer be compelled by companies to provide unwarranted documentation that proves their authority to do so.  This is thanks to the work of Bruce Herbert, Chief Executive of Newground Social Investment, a Seattle-based investment advisor and long-standing partner of First Affirmative Financial Network Read more »

Posted: March 17, 2016

Shareowner Action on Climate: What Is the Impact?
By Holly Testa, Director, Shareowner Engagement

The escalating investor concern about climate change risk is reflected in the level of shareowner activity over the last 15 years. Shareholder resolutions related to climate change numbered less than 10 in 2001, but this number has skyrocketed to 167 in 2015. This does not include the many dialogues and other communications not related to Read more »

Posted: December 7, 2015

Partners in Advocacy: Boston Common Asset Management
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 Lauren Compere, Director, Shareowner Engagement, Boston Common Asset Management. Boston Common Asset Management manages substantial international holdings on Read more »

Posted: April 29, 2015

What the Frack! Investor Coalition Seeks Environmental Impact Disclosures from Oil and Gas Companies
By James Griffitts, Contributor

An investors coalition representing members of the Investor Environmental Health Network, including Green Century Capital Management, As You Sow, Mercy Investment Services, Calvert Investments, and the Sisters of St. Francis of Philadelphia has filed shareholder proposals at six large oil and gas companies which engage in hydraulic fracturing (“fracking”). Many investors are dissatisfied with an Read more »

Posted: March 16, 2015

The Challenge of Stranded Asset Risk
By Lauren Morrell

What is the future of investing in fossil fuel extraction companies? How are investors choosing to proceed? What tools are helping investors make decisions on investments with fossil fuel exposure? A panel of investment experts grappled with these questions and more at the 25th annual SRI Conference. For now, let’s focus the discussion on one Read more »

Posted: January 7, 2015

Another Proxy Season for the Record Books
By Holly Testa, Director, Shareowner Engagement

The 2014 proxy season is virtually over, and the results highlight another record-breaking year. According to a report by the Sustainable Investment Institute (Si2), not only was the overall number of proxy resolutions filed a record high of 454, so too was the support for those resolutions going to a vote—almost 22% on average. Part Read more »

Posted: January 5, 2015

Shareowners Press for ALEC Exodus
By Holly Testa, Director, Shareowner Engagement

Why do progressive companies that have heavy investments in renewable energy, forward-looking environmental policies, and publicly acknowledge the need to tackle climate change still belong to the American Legislative Exchange Council (ALEC)? Shareowners, including First Affirmative, have been asking this question of companies in their portfolios through letters, dialogue, and resolutions. The good news is Read more »

Posted: December 17, 2014

Regulate by Retail: Assessing Shareholder Risk in Corporate Supply Chains
By Lauren Morrell

A panel of experts at the 25th annual SRI Conference discussed the power of investors, consumers, and public interest groups to influence corporate practices and regulations that seek to guide more responsible company behavior. The panel included Robert Frisbee, CEO of the Green Electronics Council, and Glenn Hurowitz, Managing Director of Climate Advisers, who shared Read more »

Posted: December 10, 2014

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