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November 30, 2017

Pat Miguel Tomaino is "One to Watch"

Our shareholder advocate Pat Miguel Tomaino has been honored by Bloomberg Businessweek as one of 20 people who will change business in 2018. Download a full press release, or check out the list and learn about the impact investing work Pat and Emily DeMasi are leading on paid family leave.

Categories: Shareholder Activism, In the Press

November 28, 2017

Zevin Gives on Giving Tuesday

For the past five years, the Tuesday following Thanksgiving has been dubbed Giving Tuesday, as an antidote to the more grossly commercial Black Friday and Cyber Monday. While any day is a good day to give to organizations whose missions you believe in, Giving Tuesday acts as an encouragement and a reminder of the impact that can be made through the generosity of individuals and institutions. We wanted to take this opportunity to inform you about just a few of the organizations that Zevin supports, not only today but also throughout the year.

Grassroots International supports agricultural movements worldwide in places where poverty is severe and oppression is strong such as Haiti, Honduras, and Palestine. Its philosophy is that the people who live in these communities are best situated to enact solutions. Grassroots provides funding to support small farmers and producers, Indigenous Peoples, and women who are working on the ground on issues such as climate change, human rights, food sovereignty, resource rights, and sustainable livelihoods, as well as putting a focus on building movements and partnerships over the long term.

The Rosenberg Fund for Children was founded by Robert Meeropol whose parents, Julius and Ethel Rosenberg, were executed as a result of one of the most shameful trials in American history at the height of McCarthyism, leaving him an orphan at age 6. The Rosenberg Fund exists to support children of progressive activists who have been targeted for their activities. Since its inception, the organization has benefited nearly a thousand children in the U.S. whose parents have been jailed or otherwise targeted for involvement in movements to defend the environment and human rights, wage peace, combat racism and homophobia, or organize on behalf of workers, immigrants, and incarcerated people.

Health Law Advocates assists and defends low-income Massachusetts residents who have trouble accessing needed medical care. Its lawyers provide pro bono representation to those who need it, especially those who may be at most risk due to age, gender, location, race, or disability. HLA also works with partner organization Health Care for All to use grassroots organizing and legal expertise to advance the statewide movement for universal care.

This year, Zevin employees also spent a day volunteering at local women’s shelter Rosie’s Place. The mission of Rosie’s Place is to provide a safe environment to help poor and homeless women seek opportunity, maintain their dignity, and find security. Our staff joined a lunch service, preparing and serving free meals for 150 women. Providing meals and shelter is only a fraction of the impact Rosie’s Place has for women in need. Their advocacy staff also assist guests with housing, educational and employment opportunities, clothing, care, and transportation needs.

As always, if you have any questions about the work we do here at Zevin (investment-related or philanthropic), please don't hesitate to contact us.

Category: Organizational News

November 8, 2017

Investors "Take the Lead" on Advocating for Gender Equality

Amid the #MeToo campaign, the fight for pay equity, and under an administration that ignores women’s health, investors, consumers & lenders must push for gender equality. Read more about ZAM’s upcoming collaboration with Take The Lead and Women Investing for a Sustainable Economy and how we are addressing gender equity issues in our portfolios.

Category: Shareholder Activism

October 18, 2017

Q3 Advocacy Update

In the third quarter of 2017, we continued using shareholder advocacy for positive impact with companies in our clients' portfolios. We urged tech companies to tie CEO pay to commonsense diversity metrics, challenged pay gaps in retail, filed a first-ever shareholder proposal on paid family leave, pushed industrial companies on climate accountability, and achieved a milestone on animal welfare. Pat Miguel Tomaino has our quarterly Advocacy Update

Category: Shareholder Activism

September 15, 2017

Zevin Asset Management Honored as Best for the World 2017

9/12/2017:  Boston, MA

Today, Zevin Asset Management earned a place for the second year in a row on the Best for the World lists within the B Corp community. This year Zevin Asset Management was named Best for Customers by scoring in the top 10 percent of all B Corporations because of Zevin’s focus on solving social and environmental issues through its services. Additionally, Zevin Asset Management is on the new Best for the World: Changemakers list because of significant improvements on the B Impact Assessment.

“It is an honor to be recognized by B Corporation as a firm that stands out for its focus on clients,” said Sonia Kowal, president of Zevin. “We strive to construct portfolios for clients that help address the pressing social and environmental issues we face today.” 

“I am thrilled that we made the Changemakers list,” added Emily DeMasi, portfolio manager at Zevin. “A large part of participating in the B Corp community is measuring our own impact on our workers, community, customers, and environment and to challenge ourselves to improve in these areas each year. This honor recognizes our effort and improvement.”

B Lab released separate lists recognizing B Corporations as Best for the Environment, Best for Customers, Best for the Long Term, Best for Community, Best for Workers, and Best for the World Overall, which can be found at http://www.bthechange.com. The selection criteria for Best for the World honorees are available at http://bit.ly/29ZYRSp.

B Lab (www.bcorporation.net) is a nonprofit organization that serves a global movement of people using business as a force for good. B Lab drives this systemic change by: 1) building a community of Certified B Corporations to make it easier for all of us to tell the difference between “good companies” and good marketing; 2) passing benefit corporation legislation to give business leaders the freedom to create value for society as well as shareholders; 3) helping businesses measure, compare and improve their social and environmental performance with the free B Impact Assessment; 4) driving capital to impact investments through use of its B Analytics and GIIRS Ratings platform.

Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
B Lab results are, at least in part, based on responses provided by the Adviser.
The Adviser pays annual membership dues to B Lab, which is a requirement for eligibility in B Lab results.

Category: Organizational News

August 11, 2017

Changing Big Oil's Game Plan

Pat Tomaino wrote recently about some of the hard-fought progress that socially responsible investors are making to hold major energy companies accountable for climate change. At ExxonMobil’s annual meeting in May, an unprecedented majority of investors voted for a shareholder proposal demanding a new report on how global carbon regulation will hurt the company’s bottom line.

That proposal — which Zevin co-sponsored on behalf of clients who hold legacy shares in the company — challenges ExxonMobil’s executives on climate risk and intensifies pressure on the entire oil and gas sector sector.

It’s a victory for climate activists and for our model of socially responsible impact investment, which presses companies to create positive change and manage risk in client portfolios.

But just how big a win is it — especially as President Trump dumps the Paris Accord and the physical effects of climate change begin to add up? And where do we go from here?

Read Pat's new issue brief for an inside look at our shareholder advocacy with ExxonMobil and how impact investors are working for accountability and business model disruption in the oil and gas sector. And be sure to reach out with any questions, thoughts, or suggestions at pat@zevin.com.

Category: Shareholder Activism

July 12, 2017

Q2 Advocacy Update

In the second quarter of 2017, we responded to climate change uncertainty and pressed companies in our clients’ portfolios for positive impact on greenhouse gas reduction, paid parental leave, supply chain labor standards, and fair pay/hiring. Pat Miguel Tomaino has our quarterly Advocacy Update.

Category: Shareholder Activism

July 5, 2017

Zevin Announces New Chief Investment Officer

We are pleased to announce that Steven Dray has assumed the role of chief investment officer at Zevin Asset Management. He is charged with chairing the Investment Committee to co-ordinate and prioritize its work and will also continue to manage client portfolios. Steven joined Zevin Asset Management in 2016 with 20 years of investment experience. Previously he held senior positions at David L. Babson/OppenheimerFunds, and most recently at AlphaOne Capital Partners. Steven holds both the CFA and CFP® designations.

Founder Robert Zevin, who served as CIO since starting our company in 1997, will remain with us until June 2018 to continue to transition the clients with whom he works to other portfolio managers. He said “I am confident that Steven will maintain and improve our investment process.  Although he has been with our firm for a brief period of time, he was the unanimous choice of everyone on our Investment Committee because his experience, knowledge and character are so well matched to this important task.”

President Sonia Kowal said “We thank Robert for building a strong investment process and capable investment team which has delivered outperformance over the long term for our clients. Steven’s appointment to the CIO role is the culmination of a successful transition process for Robert’s retirement.”

Category: Organizational News

June 20, 2017

Financing the Future

Today our own Pat Tomaino testified in support of two carbon pricing bills in Massachusetts. The legislation would cut greenhouse gas emissions by putting a fee on carbon and use the money to support low-income people and the transition to low carbon technologies. Read his full testimony on Medium.com.

Categories: Shareholder Activism, Presentations

June 2, 2017

What now? Investors respond to Trump's climate chaos

Visit our Medium page to read a new piece by Pat Tomaino in response to Trump's decision to pull the U.S. out of the Paris Climate Accord.

Categories: Shareholder Activism, Investment Updates

May 31, 2017

Pay Fairness at TJX Companies

Our own Pat Tomaino is quoted in a Boston Business Journal article about how Zevin is chanelling investor voices to put pay fairness on the agenda at TJX Companies.

Category: Shareholder Activism

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

May 9, 2017

How can impact investors help confront racial injustice

At Zevin Asset Management, we're exploring how racial injustice intersects with investment capital and the private sector. Pat Tomaino's new piece on Medium.com reviews the risks to companies, acknowledging that firms are often part of the problem.

Click here to learn about what we're doing at Zevin and about next steps for individuals and foundations. And watch this video for highlights:

Con­tact us (invest@zevin.com) with any ques­tions about our advocacy.

Category: Shareholder Activism

May 9, 2017

Sonia Kowal on Sustainable Enterprise and Impact Investing

Our president Sonia Kowal spoke to Darby Hobbs about how we approach socially responsible investing: “If the goal for a client is to have an active positive impact with their portfolio, shareholder advocacy and also public policy activities are really important... We have a right and obligation to advocate for our clients' values.”

Categories: Shareholder Activism, Presentations

April 12, 2017

Q1 Engagement & Advocacy Update

In the first quarter of 2017, we pressed companies in our clients’ portfolios to shed light on their political priorities and make positive changes on pay equity, financial inclusion, and labor standards. Pat Miguel Tomaino has our quarterly Advocacy Update.

Category: Shareholder Activism

February 27, 2017

Highlights of Active Ownership in 2016

Your investments with Zevin power our shareholder advocacy — improving companies' conduct through dialogue with executives and formal shareholder proposals that challenge management on social and environmental issues. Now more than ever, amid political turmoil and regulatory uncertainty, shareholders must hold companies accountable for their deeds and join with civil society to support the struggles we care about. In 2016, we focused our shareholder advocacy in three major areas of concern: economic justice, climate change, and civil rights.

Click here to read a summary of our impact in 2016. A more in-depth report is available on Medium.com.

Click below to watch Pat Miguel Tomaino, our associate director of socially responsible investing, run through the highlights:

And join Pat on a conference call
on Friday, March 3rd at 2pm ET to discuss our work on these and other issues. The call-in number is (857) 444-0744 and the conference code is 746162.      

Contact us (invest@zevin.com) with any questions about our advocacy.

Categories: Shareholder Activism, Organizational News

February 14, 2017

Investors and the Prison Problem

Last week at the Rockefeller Family Fund, Zevin's president Sonia Kowal spoke to a meeting of activists, policy experts, and foundations committed to reforming America’s unfair criminal justice system. Read an update on our approach to mass incarceration and how we're pushing companies to break the cycle.

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.