February 4, 2014: Trillium Asset Management is pleased to announce that we have successfully withdrawn a shareholder proposal at Valmont Industries, Inc. (NYSE: VMI) following commitments from the company to improve disclosures of measurement around greenhouse gas reduction initiatives.
The company has agreed to establish and report an emissions baseline for its coatings division by December 31, 2015. Valmont will also provide more contextual information on its goals to improve energy efficiency and reduce emissions as reported in their Global Reporting Initiative (GRI) report. These commitments focus on the company’s coatings operations – their most carbon intensive business segment.
Trillium commends Valmont for addressing this important issue and for providing more transparency as they move toward greater energy efficiency.
For more information please contact Randy Rice at firstname.lastname@example.org or (617) 532-6680.