Submitted by GreenMoney Journal
by Shareholder Advocacy Team, Trillium Asset Management
We at Trillium believe that diversity, inclusive of gender and race, is an essential component of sound governance and essential to a well-functioning organization. As a financial firm, we seek to achieve diversity at all levels and seek to invest in companies that are doing the same.
There should be no doubt that diverse Boards, C-Suites and workforces supported by an inclusive work environment lead to better business outcomes. Studies by McKinsey & Company, The Wall Street Journal, ISS Analytics, and others confirm consistent correlation between diversity on boards and in senior leadership ranks and improved shareholder value, higher levels of innovation or positive financial measures.
We also know environments that foster a culture that welcomes diverse perspectives is critical to a healthy economy and democracy. The #MeToo movement, the Women’s March, the removal of confederate monuments, kneeling NFL players and other efforts both large and small have helped amplify questions and deeper discussion about how we treat women, and racial and ethnic minorities in our communities, workplaces, and schools. These events show us that no industry is immune to the consequences of workplace inequality and underlined the need for companies to measure and report useful investor information on their progress to build inclusive workplaces.
Here is a closer look at Trillium’s Advocacy Approach: Engaging Portfolio Companies on their Workforce, Executive Leadership and Board Diversity - https://greenmoney.com/trilliums-advocacy-approach-to-gender-racial-and-ethnic-diversity
GreenMoney Journal is an award-winning eJournal and website that focuses on sustainable investing and business. GreenMoney Journal was founded by Cliff Feigenbaum in 1992 and today he serves as Publisher and Managing Editor of this very trusted brand. Cliff is also the co-author of "Investing With Your Values" (Bloomberg Press, NYC). In 2017 Mr. Feigenbaum he was chosen as the co-winner of the "SRI Service Award" by his peers at The SRI Conference. In 2021, He won the "Media Innovator Award" from Corporate Vision and most recently in early 2022, Mr. Feigenbaum was named one of the Top 100 DEI Leaders for 2021 by Mogul.
More from GreenMoney Journal