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2016

December 29, 2016

Q4 Engagement & Advocacy Update

In the wake of the U.S. election, we stepped up our shareholder advocacy on economic justice, climate change, and civil rights. Pat Miguel Tomaino has our quarterly Engagement & Advocacy update.

Category: Shareholder Activism

December 6, 2016

Investing in a Time of "Resistance"

Pat Miguel Tomaino writes on Zevin’s work at AT&T and how investors can help shape the next four years and beyond. Read his piece published at Medium.com.

Category: Shareholder Activism

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 28, 2016

Zevin Asset Management Welcomes Senior Portfolio Manager Steven Dray

November 28, 2016 – Boston, MA

We are pleased to announce that Steven Dray has joined Zevin Asset Management as a senior portfolio manager. Steven will assume responsibility for the day-to-day management of Robert Zevin’s client portfolios over the next few years. As a member of the firm’s Investment Committee, Steven will contribute to the global economic scenario analysis that is the backbone of Zevin’s loss-avoiding investment process. In addition, he will actively participate in the overall management of the employee-owned firm.

Steven has been managing separate account portfolios and mutual funds for both individual and institutional investors for the past twenty years. He began his investment career at Strong Capital Management in Milwaukee as an analyst and associate portfolio manager. Steven spent the next fifteen years here in Boston managing portfolios for clients at sister companies David L. Babson and OppenheimerFunds, and most recently at AlphaOne Capital Partners, where he was a senior portfolio manager. He earned a BS in Electrical Engineering from Tufts University and an MBA in Finance from Indiana University. Steven holds both the CFA and CFP® marks.

“I am very excited to join the outstanding team of professionals at Zevin Asset Management,” Steven commented. “They are uniquely rooted in a commitment to the success and well-being of their clients, their employees, and the stakeholders impacted by their investments. I find this to be a truly rare combination in today’s wealth management industry, and I eagerly look forward to contributing to Zevin’s bright future.” 

Read Steven's full bio here.

Category: Organizational News

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

November 8, 2016

Money Talks for Candidate Stein

Our shareholder advocate Pat M. Tomaino has a memo for Jill Stein: It’s not easy being Green, but investing with values is easier than you think.

Read his piece here and subscribe to our new publication on Medium.

Category: Shareholder Activism

October 18, 2016

Q3 Engagement & Advocacy Update

We advanced several of our social justice objectives with portfolio companies during Q3 — raising concerns about prison profiteering, unaccountable corporate lobbying, renewable energy strategy, and high-level diversity.

Get up to speed by reading our Engagement & Advocacy update.

Category: Shareholder Activism

October 14, 2016

More Than Words Volunteer Day

Last month Zevin Asset Management spent a volunteer day at More Than Words’ (MTW) Boston location where employees helped sort and catalogue book donations to support this amazing nonprofit’s mission which is truly more than words.

MTW believes that when system-involved youth are challenged with authentic and increasing responsibilities in a business setting, and are given high expectations and a culture of support, they can and will address personal barriers to success, create concrete action plans for their lives, and become contributing members of society. 

Read more about our volunteer day and how you can get involved.

Category: Organizational News

October 7, 2016

Zevin Hires Associate Director of Socially Responsible Investing

Pat Miguel Tomaino has joined Zevin Asset Management as the new Associate Director of Socially Responsible Investing. Pat will lead Zevin’s corporate engagement program, boosting the firm’s ability to push firms toward social justice and sustainability. To that end, Pat will dialogue with executives, build coalitions with NGOs and peer firms, and file shareholder proposals on behalf of our clients.

For several years, Pat was a Senior Analyst on the responsible investment team of F&C Asset Management, where he led the U.K. firm’s work in Latin America and Canada. He has held research roles for several progressive groups, including Senator Elizabeth Warren’s 2012 campaign and the Service Employees International Union (SEIU). Pat recently completed a fellowship as a public radio producer for WBUR’s Open Source with Christopher Lydon.

A graduate of Harvard College, Pat is interested in racial justice, economic inequality, and labor rights in the U.S. and overseas.

Category: Organizational News

October 4, 2016

Investors Press Apple on Racial Diversity, Cite “Business Risk” to the Company via OpenMic.org

ZAM co-filed a shareholder resolution with lead-filer, Tony Maldonado, a London-based music industry executive calling on Apple, Inc.  to “adopt an accelerated recruitment policy” to increase diversity of its senior management and board of directors.

The shareholder proposal notes that Apple has said: “Diversity is critical to innovation and it is essential to Apple’s future.” Yet, according to Apple’s 2016 diversity report, the company’s “leadership” is only 3% Black, 7% Hispanic and 1% multiracial.

Apple, the proposal says, is in an “advantageous position to be a leader in promoting diversity in senior management and its board of directors, based on its size, breadth and position as one of the largest companies in the world.”

Read the full press release here.

Category: Shareholder Activism

September 13, 2016

Zevin Asset Management Honored as Best for the World

Today, Zevin Asset Management was recognized for exceptional performance in community and environmental impact based on an independent, comprehensive assessment administered by the nonprofit B Lab.

Zevin is honored in the Best for Customers category, which includes businesses that earned a Customer score in the top ten percent of more than 1,800 Certified B Corporations on the B Impact Assessment. The full assessment measures a company's impact on its workers, community, customers, and environment.

“The team is thrilled to receive this recognition,” said Sonia Kowal, president of Zevin. “Being recognized on the Best for the World list for 2016 means we are really putting into practice what we preach about corporate and social responsibility, and demonstrates to our stakeholders that we are holding ourselves to the same high standards that we seek in our portfolio companies.”

A total of 515 Certified B Corporations from 35 countries were named 2016 Best For the World Honorees. The selection criteria for Best for the World honorees are available at http://bit.ly/29ZYRSp.

The 2016 Best for the World Honorees represent nearly one-third of all B Corps, displaying a wide range of excellence throughout the community. Today there are more than 1,800 Certified B Corporations across over 120 industries and 42 countries, unified by one common goal: to redefine success in business. Any company can measure and manage their social and environmental performance at http://bimpactassessment.net.

Category: Organizational News

June 23, 2016

Zevin Asset Management, LLC Named to 2016 Financial Times 300 Top Registered Investment Advisers

ZAM is proud to announce it has been named to the Financial Times 300 Top Registered Investment Advisers. The list recognizes top independent RIA firms from across the United States. The “average” FT 300 firm has been in existence for 22 years and manages $2.6 billion in assets.

More than 1,500 pre-screened RIA firms were invited to apply for consideration, based on their assets under management (AUM). Applicants that applied were then graded on six criteria: AUM; AUM growth rate; years in existence; advanced industry credentials of the firm’s advisors; online accessibility; and compliance records. Neither the RIA firms nor their employees pay a fee to The Financial Times in exchange for inclusion in the FT 300.

 Read the full report

Category: Organizational News

March 30, 2016

ZAM Withdraws Lobbying Proposals at Walmart and Centerpoint

ZAM has recently withdrawn our lobbying proposals at Walmart and Centerpoint after coming to agreements. Last year we withdrew at Walmart after they took the precedent of disclosing their state by state lobbying payments. This year they have agreed to post their federal lobbying totals on an annual basis. At Centerpoint, they have agreed to summarize their lobbying policy and oversight procedures, their membership in trade associations with a $50k threshold (including 501c4s) and link to their federal lobbying reports through government websites.  

Category: Shareholder Activism

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

January 14, 2016

Zevin's 2015 Advocacy Highlights

At Zevin Asset Management, we are committed to social change and are actively involved in many efforts to improve sustainability, respect for civil rights and liberties, and economic justice. We are part of many collaborative, long-term efforts to advance progressive causes. Through our work, we hope to give power to other stakeholders, both inside and outside of companies, to achieve improvements.  Please click here to read a summary of our work on environmental, social and governance issues in 2015.

Category: Shareholder Activism

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.