Trillium Asset Management

Massachusetts
Banks, Diversified Financials

Corprate Bias Ratings

Risk Level:

Rating - Danger
High Risk

Trillium, a self-proclaimed left-of-center company, refuses to do business with industries that oppose its corporate values, such as companies in the firearms and fossil fuels industries. The company integrates ESG into all of its business practices and does not provide viewpoint protections for its employees. Trillium regularly uses its reputation and dollars to advance ideological agendas and uses shareholder resolutions to push companies toward enacting certain progressive policies, such as gender identity quotas. Trillium is part of Glasgow's Net Zero Alliance, committed to carbon neutrality by 2050. For these reasons, Trillium receives a High Risk rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

Trillium Asset Management integrates ESG into all of its business practices. The company is a leading proponent of ESG and screens potential business partners (investment targets, customers, etc.) based on ESG policy (1). Trillium will not invest in or partner with companies with “material involvement” in various industries, ranging from tobacco, coal mining, fossil fuels, firearms, and private prisons (2). Trillium also selects its potential clients according to gender- and sexuality-related diversity policies (3).

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

Trillium does not discriminate against religious organizations in its charitable giving (1)(2).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

Trillium does not publish a nondiscrimination policy.

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

Trillium is a self-proclaimed left-of-center, activist firm, and leader in “socially responsible investing” (1). Trillium frequently puts social pressure on other companies, such as Facebook and Nike, to release their data regarding the race and sex of their employees (2).  Former Director of Shareholder Advocacy Allan Pearce has outwardly and explicitly stated that one of Trillium’s goals is to press companies to take the liberal “side” in controversies such as abortion, and the company regularly pushed for companies to disclose diversity statistics of its employees (3). Trillium publicly endorsed the For the People Act in Congress (4). The company is also a member of America Competes National Business Coalition for Nondiscrimination and regularly signs onto Human Rights Campaign-led coalitions opposing “anti-LGBTQ” state-level legislation (5) Trillium was part of the Freedom for All Americans coalition, which advocated for federal legislation that would overrule state laws designed to protect girls’ sports and similar laws (6). Trillium owns shares in TJX Companies and stated that it would produce a shareholder resolution inquiring about how a potential overruling of Roe v. Wade would affect TJX’s business (7). Trillium is a member of the Net Zero Asset Managers initiative, committed to carbon neutrality for its investments by 2050 (8).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Trillium and some of its former executives have started activist groups such as Open MIC, which encourages companies in the tech sphere to adopt various diversity quotas (1). Trillium directs many of its funds into ESG-related projects and even uses corporate dollars to advance shareholder resolutions about ideological issues (2)(3). Trillium is a certified B Corp (4).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

Trillium does not operate a PAC at this time (1)

All links were last accessed and all information was updated on:
September 14, 2023

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