MARCH 2, 2015: Following a productive dialogue between Trillium Asset Management (Trillium) and Minerals Technologies (NYSE: MTX), Trillium has withdrawn our shareholder proposal after the company expanded its Equal Opportunity and Anti-Harassment policies to explicitly prohibit discrimination on the basis of gender identity.
Trillium believes that companies and workers benefit from consistent, corporate-wide, efforts to prevent discrimination, ensuring a respectful and supportive atmosphere for all employees.
“Mineral Technologies had lagged its sector peers in providing protections for gender identity in its non-discrimination policy,” said Brianna Murphy, Trillium’s Vice President Shareholder Advocacy and Corporate Engagement. “As investors, we are pleased that Mineral Technologies has formally strengthened its commitment to an equal and inclusive workplace – qualities, in our view, that are linked to long-term shareholder value creation”.
Federal law does not provide sexual orientation and gender identity employment discrimination protection.
On July 21, 2014, President Obama amended Executive Order 11246, which was originally issued by President Lyndon B. Johnson, prohibiting federal contractors from discriminating on the basis of sexual orientation or gender identity. The regulations are expected to become effective on April 8, 2015.
Trillium commends Minerals Technologies for developing a consistent corporate-wide policy to enhance efforts to prevent discrimination, and hire and retain the best talent.
For more information: Randy Rice, Trillium Asset Management, (617) 515-6889, email@example.com
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