Trillium exercises the shareholder’s right to file a shareholder proposal asking companies to implement a specific policy or action. These proposals can come up for a vote at the company’s annual meeting and can be a key rallying point of a larger campaign to change a corporation’s behavior. In some cases, companies agree to make changes in exchange for the withdrawal of the proposals prior to the vote.
Note: Trillium is a co-filer on proposals marked with an asterisk (*).
Important Disclosure: The information provided is not a recommendation to buy or sell the securities mentioned. The securities were selected on an objective basis and do not represent all of the securities purchased, sold or recommended. It should not be assumed that investments in the securities have been or will be profitable.
Outcome: Successfully withdrawn following a commitment from the company to produce a report assessing the current state of diversity on the executive team and beyond.
Outcome: 30.81% of all shares; 42.1% of non-insider shares
Outcome: Successfully withdrawn as CVS is taking positive and constructive action to identify the amount and types of plastic used in its packaging, as well as their recyclability. It is also collaborating with industry partners to address various aspects of the plastic pollution problem.
Outcome: Withdrawn following the company's actions to fully disclose EEO-1 workforce diversity data
Outcome: Successfully withdraw as company committed to addressing its contribution to climate change consistent with the recommendations of the global climate science community. This includes an intention to set emissions reduction targets for its full carbon footprint, and adopt new initiatives, as well as continue existing initiatives to reduce the carbon intensity of its supply chain.
Outcome: Successfully withdrawn following the company’s agreement to expand disclosures in its 2020 proxy statement relating to its commitment to diversity inclusive of gender, race and ethnicity and its announced success in December 2019 in expanding gender diversity in its Director ranks. Also, the Company agreed to publish, and endeavor to do so annually, a Director skills/diversity matrix noting key qualification, skills and attributes most relevant to the decision to nominate candidates.
Outcome: Successfully withdrawn following a commitment to include in its 2019 Sustainability Report - issued by fall 2020 -enhanced disclosure of the Board’s assessment of executive leadership diversity, as well as comprehensive workforce composition data (percent and absolute metrics by gender and ethnic/racial minority and non-ethnic/racial minority where available and based on EEO-1 reporting). The company will update 2018 diversity and inclusion disclosures and discuss efforts to expand diversity across its employment ranks.
Outcome: Successfully withdrawn following a commitment from the company to address each aspect of the proposal via new reporting. This will include a nation-wide analysis of the generation of and demand for recyclable plastic material, a report on the efficiency of Waste Management's recycling facilities, and an updated public policy discussion.
Outcome: Successfully withdrawn following Merck’s commitment to provide improved pricing risk disclosures.
Outcome: Successfully withdrawn as company agreed to implement new diversity, equality and inclusion initiatives that will result in a more diverse management team and publish expanded diversity and inclusion disclosures in its 2020 proxy statement and ESG report.
Outcome: Successfully withdrawn as company committed to assess opportunites to incorporate ESG-related metrics in executive compensation, including metrics related to healthier materials, and disclose in its 2020 proxy that by year end senior leadership will have developed an enterprise-wide ESG strategy. .
Outcome: Successfully withdrawn - Sonoco Products will be comprehensively addressing our proposal by reporting on its efforts to constructively support public policy and industry solutions to reduce plastic pollution.
Outcome: Successfully withdrawn following a commitment to produce a report assessing the current state of diversity on the executive team and beyond.
Outcome: Successfully withdrawn in exchange for a commitment to publish diversity and inclusion initiatives including workforce diversity data.
Outcome: Successfully withdrawn after the company amended its Equal Employment Opportunity & Commitment to Diversity Policy to include gender identity and expression.
Outcome: Successfully withdrawn following clarification from the company that their anti-discrimination policy is fully inclusive.
Outcome: Withdrawn after influencing Marathon Petroleum to establish modest GHG emissions intensity reduction targets. The Company has also tied achievement of this goal to executive compensation, which we believe will help ensure accountability.
Outcome: Successfully withdrawn after the company adopted a fully inclusive EEO policy that prohibits discrimination based on sexual orientation and gender identity.
Outcome: Successfully withdrawn following the company’s ratification of an updated EEO policy that includes gender identity.
Outcome: Successfully withdrawn after the company updated its workplace policies to include gender identity.
Outcome: Withdrawn following the company’s clarification of its Equal Employment Opportunity policy.
Outcome: Successfully withdrawn in exchange for the company adding gender identity to its Equal Employment Opportunity and Anti-Harassment Policy.
Outcome: Successfully withdrawn following in-depth engagement that contributed to Starbucks’ recent announcement to eliminate waste globally from its operations and to shift away from single-use packaging. To achieve these ambitious goals, Starbucks also committed to reduce waste sent to landfill by 50% by 2030, including its plastic packaging.
Outcome: Successfully withdrawn following a productive dialogue.