April 27, 2018 // Boston, MA – Trillium Asset Management published a letter to First Republic Bank shareholders encouraging them to vote in favor of a proposal on the Company’s 2018 proxy. This proposal requests the company to disclose workforce diversity metrics as well as a description of policies and programs focused on increasing gender and racial diversity in the workplace.
The letter provides the following rationale for voting ‘Yes’:
- First Republic Bank’s diversity disclosures are vague and insufficient
- Evidence finds that greater workforce diversity may lead to better business outcomes
- The Proposal’s request is not cost prohibitive
Contact: Brianna Murphy, Trillium Asset Management, (617) 532-6662; bmurphy[at]trilliuminvest.com
Trillium Asset Management, LLC is the oldest independent investment advisor devoted exclusively to sustainable and responsible investing. With over $2.6 billion in assets under management, Trillium has been managing equity and fixed income investments for high net worth individuals, foundations, endowments, religious institutions, and other nonprofits since 1982. A leader in shareholder advocacy and public policy work, Trillium’s goal is to deliver both impact and performance to its investors.
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