This quarter, Zevin Asset Management continued to share our perspective on racial equity investing, filed our first resolution of the season, and sent letters to pharmaceutical companies and their trade associations to advance health equity. In other news, we continue to defend corporate diversity, equity, and inclusion (DEI) initiatives against political headwinds and have joined global efforts to protect our fragile biodiversity.

This quarter, our work continued in earnest, focused on international and domestic advocacy across some of our largest holdings. Despite setbacks in this season’s proxy voting results, driven mostly by right wing opposition to sustainable investing, we are empowered by our partners and stakeholders.

This quarter, Zevin Asset Management leveraged its voice to advocate for workplace equity and called on one of the largest asset managers to walk the talk on climate change. Several Zevin Asset Management-led shareholder resolutions at Alphabet, AbbVie, and UPS will soon go to vote at the companies’ annual general meetings with the goals of advancing environmental, social, and governance (ESG) issues.

This quarter we joined fellow shareholder advocates in filing shareholder proposals, the culmination of corporate engagements from the months prior. We also took stock of our efforts and accomplishments to build sustainability in our portfolio companies beyond ESG risk analyses. In reflecting on our progress, we are reminded of our responsibility to harness our investor voice to make a difference.

At Zevin Asset Management, we build responsible investment portfolios to satisfy our clients’ goals. We then address risks and create positive social impact by engaging with portfolio companies. As we head into the fall, we are encouraged by Congress’ Inflation Reduction Act (IRA), one of the most significant actions to date ever taken by the United States to mitigate climate change.