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2017

May 17, 2017

Boston: A Shining City for Impact Investing

In a recent commentary published on WBUR’s Cognoscenti, Pat Tomaino discusses the pending threat to a pillar of socially responsible investing  shareholder engagement. Over the years, this process has allowed the majority of investors to effect change at public companies on issues such as the reduction of greenhouse gas emissions, dangerous working conditions, and unfair pay practices. The proposed Financial CHOICE Act 2.0 would ban all but the largest investment firms from challenging company management with shareholder proposals.

Categories: Shareholder Activism, In the Press

2016

December 5, 2016

Cashing In on Climate Change

Sonia Kowal, president of Zevin, explains how investors can take climate change risk into their own hands in this New York Times piece on the economic impact of climate change on investment portfolios.

Read the article here.

Category: In the Press

November 23, 2016

Financial Planners Play Therapist

In a recent Bloomberg article by Ben Steverman titled "Financial Planners Play Therapist to Paralyzed Liberals," Robert Zevin weighs in on investor response to election results. Read the article here.

Category: In the Press

January 31, 2016

An SRI Investment Collaboration Across Generations and Genders by Paul Ellis at Financial Advisor

This article is part of a continuing series in which Paul Ellis, a well-known advisor and consultant on sustainable investing strategies, interviews industry professionals on the topics of millennials and sustainable investing. What follows is an interview with two industry experts from Zevin Asset Management LLC, a global SRI/ESG investment management firm that uses a top-down economically driven approach to build institutional and individual portfolios: Robert Zevin, chairman, chief investment officer and senior portfolio manager; and Sonia Kowal, president and director of socially responsible investing.  Read the interview via FA Online.

Categories: In the Press, Organizational News

January 28, 2016

Investing to Stop Mass Incarceration by Sonia Kowal via NCRP

It is clear that our justice system is designed for control rather than healing. And with the alarming demographics of national incarceration rates, it’s also clear that it helps facilitate an economy of exclusion that considers many people of color to be unemployable and disposable.

As a global top-down investor, Zevin Asset Management approaches investing by looking at the big picture of what’s going on around the world. We can’t ignore how mass incarceration affects – and undermines – the financial health of our institutions by shutting people out of real economic opportunity and driving income inequality. Foundations committed to social justice are uniquely poised to address this social and economic issue both in their work, and in their investments.

Read the full article via National Committee for Responsive Philanthropy here.

Categories: Shareholder Activism, In the Press

2015

December 9, 2015

Resolution on Climate Change Will Be on Franklin Templeton's Proxy Ballot by Robert Kropp

"Franklin Templeton sought to have the resolution omitted from its proxy ballot, arguing that proxy voting matters should be considered to be ordinary business. Zevin, on the other hand, asserted that resolution addressed climate change, and the Securities and Exchange Commission (SEC) recently found in the proponent's favor."  Read the full article via SocialFunds.com

Category: In the Press

November 30, 2015

ZAM Shareholder Engagement Results in Walmart disclosing state-by-state lobbying disclosures

In response to shareholder pressure, Walmart has publicly disclosed its state by state lobbying payments, becoming the first large company to do so in the US. Walmart agreed to update this report annually after Zevin Asset Management filed a shareholder resolution requesting greater transparency around lobbying payments made by the retailer. The report is found on the Investor portion of its website (http://stock.walmart.com/investors/esg-investors/default.aspx) and includes the amount spent on lobbying in each of the states where Walmart lobbies, with links to each report and noting the states where they have not lobbied the previous year. Walmart revealed that it spent $2.3 million on lobbying at the state level with the largest expenditures in California and Maryland.

Categories: Shareholder Activism, In the Press

November 25, 2015

SEC backs effort to hold Franklin Templeton accountable on climate change by ResponsibleInvestor.com

Potential landmark ruling by US financial regulator.  Full article available to subscribers via ResponsibleInvestor.com

Categories: Shareholder Activism, In the Press

November 25, 2015

Give Thanks: SEC Allows Shareholders to Hold Mutual Funds to Account by James McRitchie

"A new ruling by the Securities and Exchange Commission (SEC) holds far-reaching implications for investor efforts to promote proactive corporate responses to climate change.  Every spring in annual meetings, shareholders vote on hundreds of proposals asking  corporations to take more proactive action to consider and reduce  impacts on climate change –  to shift toward renewable energy sources, to reduce greenhouse gas emissions, and to consider risks to their financial future associated with an overemphasis on fossil fuels."  Read the full article Give Thanks: SEC Allows Shareholders to Hold Mutual Funds to Account via Corporate Governance.

Categories: Shareholder Activism, In the Press

November 24, 2015

SEC supports our right to hold investment companies accountable on climate change

Investor efforts to push companies to act on climate change have been strengthened by yesterday’s Securities and Exchange Commission (SEC) ruling that Franklin Resources, which manages the Franklin Templeton family of mutual funds, will be required to include Zevin's shareholder resolution on its 2016 ballot focusing on its poor voting record on climate change proposals. We filed the proposal to highlight the contradiction between Franklin’s voting practices and its policy positions regarding climate change. A similar proposal has also been filed by Zevin at T Rowe Price. The SEC’s ruling is especially timely given the upcoming United Nations climate conference (COP21) in Paris and paves the way for shareholders to push other investment companies, including big banks, on their proxy voting records. To read our press release, click here.

Categories: Shareholder Activism, In the Press

Past performance is not indicative of any specific investment or future results. Views regarding the economy, securities markets or other specialized areas, like all predictors of future events, cannot be guaranteed to be accurate and may result in economic loss to the investor. Specific securities identified and described may or may not be held in portfolios managed by Zevin Asset Management, LLC and do not represent all of the securities purchased, sold, or recommended for advisory clients. The reader should not assume that investments in the securities identified and discussed were or will be profitable. Any securities identified may not have beenselected based on their performance but as an illustrative tool for demonstrating ZAM's shareholder advocacy approach.