January 14, 2014: Trillium Asset Management is pleased to announce that we have withdrawn a shareholder proposal at Church & Dwight Co, Inc. (NYSE: CHD) following commitments from the company that it will set quantitative goals for the reduction of greenhouse gas emissions in its products and operations.
In addition, Church & Dwight will issue a report on how it plans to implement and achieve these goals by autumn of 2014
In 2013, Trillium filed a shareholder proposal at Church & Dwight on behalf of our clients, pressing the company to manage and reduce greenhouse gas emissions in its products and operations. After a successful engagement, the company agreed to set public targets for carbon emissions reductions.
Investors are seeking evidence that companies are managing the risks and opportunities associated with climate change. A reduction in greenhouse gas emissions enable companies to reduce costs, build resilient supply chains, manage operational and reputational risk, and create new products and services.
These meaningful commitments by Church & Dwight are sound risk management and we commend the company for addressing this important issue. These quantitative targets will ensure Church & Dwight continues on a path of greater efficiency and increased savings.
For more information please contact Randy Rice at firstname.lastname@example.org or (617) 515-6889.