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November 27, 2018

Zevin Asset Management Welcomes New Portfolio Manager

We are pleased to announce that Kevin Callahan has joined Zevin Asset Management as a senior portfolio manager. Kevin will have responsibility for the day-to-day management of client portfolios in addition to performing equity and fixed income research as an active member of our investment committee.

Kevin has 26 years of experience and is a graduate of both Tufts University and the Kellogg School at Northwestern University. He holds the Chartered Financial Analyst designation and is active in the local chapter. Kevin was previously a managing director at Century Capital Management for 17 years where he managed portfolios, researched investments, engaged in client service, and was integrally involved in the overall management of the firm. Prior to that he held positions with Standish, Ayer & Wood, Inc.; Loomis, Sayles & Company; and Fleet Investment Advisors.

The entire team at Zevin Asset Management is very pleased to welcome Kevin to the firm. Kevin commented, "I am very excited to join this outstanding group of professionals. Their commitment to their clients and ESG investing is refreshing and I look forward to working with this dedicated team and helping the firm grow in the future."

Category: Organizational News

October 18, 2018

Q3 Advocacy Update

In the third quarter of 2018, we continued using shareholder advocacy for positive impact and long-term risk management. We resumed our dialogue with Amazon in light of its recent change in wage policy; we wrote to 14 companies encouraging them to disclose energy and water use data; we began advising a local campaign to divest Boston’s retirement funds from private prisons; we saw our impact deepen as Intel, after pushing from Zevin, convinced the Responsible Business Alliance to adopt stricter supply-chain policies around prison labor; and we published our firm's first-ever comprehensive Impact Report. Pat Miguel Tomaino has our quarterly advocacy update.

Category: Shareholder Activism

September 17, 2018

Impact Report 2018

Zevin Asset Management proudly presents our first comprehensive review of the positive impact we create on behalf of our clients. Watch this video and read our new Impact Report below.

Our socially responsible investing approach creates positive impact in the world. When we help convince companies to develop greenhouse gas targets, that helps address climate change. And when we press big tech firms to strengthen their diversity strategies, each success potentially impacts the lives of thousands of workers.

We’re pleased to review all of this work in our first-ever Impact Report. Read to learn more about how we press companies for change, our approach to voting at shareholder meetings, our portfolio footprint, and the sound business practices that have made us an industry leader and a Certified B Corporation.

Click to download the report

Categories: Shareholder Activism, Presentations

August 21, 2018

Impact Brief: Skin in the game. Why we’re leading a push for inclusion & accountability in the tech sector

The technology sector has historically excluded minority and women workers. Underrepresented people of color hold just nine percent of technical roles in the sector with above-average attrition rates. And women hold about one-third of entry-level tech jobs.

But inclusion isn’t just a matter of racial and gender justice. McKinsey & Company research shows that companies with leading approaches to inclusion are more likely to have above-average financial returns.

That’s why Zevin Asset Management began researching companies’ strategies to promote diversity and retain the most talented tech workers, no matter where they’re from or what they look like. We also channeled our clients’ investor voices for positive impact, challenging companies to link reasonable inclusion goals to the CEO’s paycheck.

Pat Miguel Tomaino has the story on our tech sector work and a look ahead in our latest Impact Brief. 

Thanks for reading, watching the video above, and sharing comments with pat@zevin.com.

Category: Shareholder Activism

July 27, 2018

Impact Brief -- Caretaking & Human Capital: Why we’re leading an investor project on paid family leave.

America faces a caregiving crisis. Approximately 87 percent of private sector workers in the United States do not have access to a single day of paid family leave. This can drive risk and opportunity for companies. Companies offering paid family leave to all workers, not just those at the top, report improved morale, as well as cost savings from less employee turnover.

In the absence of policy at the federal level, last year Zevin Asset Management decided it was time for responsible investors to ask companies about paid family leave policy and push big employers in the right direction. As featured in a recent issue of Fortune, our shareholder advocacy has already helped win key changes at major companies like CVS Health, Starbucks, and Walmart.

Pat Miguel Tomaino has the story on our paid family leave work and a look ahead in our latest Impact Brief.

Thanks for reading, watching the video above, and sharing comments with pat@zevin.com.

Category: Shareholder Activism

July 13, 2018

Q2 Advocacy Update

In the first quarter of 2018, we continued using shareholder advocacy for positive impact and long-term risk management. We won a landmark majority vote on climate risk management at Kinder Morgan; we joined with fellow investors to call out companies enabling the Trump administration’s risky and inhumane immigrant detention policies; we moved Google’s parent company Alphabet, and other tech companies, closer to racial and gender inclusion; we challenged Verizon on privacy and net neutrality; and, we joined a global coalition of investors pushing for access to medicines in the global South countries that need them. Pat Miguel Tomaino has our quarterly advocacy update.

Category: Shareholder Activism

June 14, 2018

Zevin Asset Management Honored as Best for the World 2018

6/14/2018:  Boston, MA

Today, Zevin Asset Management earned a place for the third 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 the investment firm’s focus on solving social and environmental issues through its services.

“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 Asset Management. “We strive to construct portfolios for clients that help address the pressing environmental, social, and governance (ESG) issues we face today.” 

Pat Miguel Tomaino, Zevin Asset Management’s director of socially responsible investing, said: “As socially responsible impact investors, we believe that factors ranging from climate change risk to racial injustice drive risk and opportunity for companies in client portfolios. This honor reflects our continuing success in researching ESG factors and using our voices as shareholders to change companies and create positive impact.”

B Lab released separate lists recognizing B Corporations as Best for Workers, Best for Community, Best for Customers, Best for Governance, Best for Environment, and Best for the World Overall, which can be found at https://bthechange.com/bestfortheworld/home. The selection criteria for Best for the World honorees are available at https://bthechange.com/how-a-company-can-be-best-for-the-world-d4b22526afa3.

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

April 11, 2018

Q1 Advocacy Update

In the first quarter of 2018, we continued using shareholder advocacy for positive impact and long-term risk management. We joined with fellow socially responsible investors to urge gunmakers, retailers, and financial firms to address the risks of gun violence; we moved hotel giant Marriott toward greater diversity and equity; we joined a campaign to push companies toward carbon disclosure; and we continued work pressing employers on paid family leave policy, with new wins at CVS Health and TJX Companies. Pat Miguel Tomaino has our quarterly Advocacy Update.

Category: Shareholder Activism

January 30, 2018

Zevin Asset Management Named a Leading Money Manager for Positive Impact

Zevin Asset Management has been honored as a leading socially responsible investment manager by experts at Real Impact Tracker. Real Impact Tracker is an easy-to-use, new tool to help individuals and institutions find money managers that create positive social and environmental benefit with their investments. Real Impact Tracker estimates that only 7 percent of investment funds would qualify for the certification Zevin Asset Management has received. Read more about this new tool and Zevin's rating.

Categories: Shareholder Activism, Organizational News

January 10, 2018

Q4 Advocacy Update

In the fourth quarter of 2017, we continued using shareholder advocacy for positive impact and long-term risk management. We led climate risk proposals at oil and gas majors, continued our push on paid family leave and human capital management, pushed TJX on supply chain working conditions, and co-filed a first-ever proposal for opioid accountability in the pharmaceutical sector. Pat Miguel Tomaino has our quarterly Advocacy Update

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.