May 17, 2017 // Boston, MA – Shareholders sent a strong message to The Middleby Corporation’s (Middleby) management as 44.6% voted in favor of Trillium’s shareholder proposal, filed on behalf of our clients, on sustainability reporting and greenhouse gas (GHG) emissions reductions.
Specifically, we requested Middleby shareholders vote in favor of our shareholder proposal which asked the company to:
“…issue a sustainability report describing the company’s environmental, social, and governance (ESG) policies, performance, and improvement targets, including a discussion of greenhouse gas (GHG) emissions management strategies and quantitative metrics.”
This outcome sends a very strong signal to the company’s management that shareholders value disclosure related to its management of material environmental, social, and governance risks and opportunities. We intend to use this strong vote result to catalyze a conversation with management that will lead to meaningful disclosures this year.
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For more information: Caroline White, Trillium Asset Management, cwhite@trilliuminvest.com
Important disclosure: The information provided in this material should not be considered a recommendation to buy or sell the security mentioned. It should not be assumed that investments in such security has been or will be profitable. To the extent a specific security is mentioned, it was selected by the authors on an objective basis to illustrate views expressed in the commentary and it does not represent all of the securities purchased, sold or recommended for advisory clients. The information contained herein has been prepared from sources believed reliable but is not guaranteed as to its timeliness or accuracy, and is not a complete summary or statement of all available data. This piece is for informational purposes and should not be construed as a research report.
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