This quarter’s advocacy work reflects Trillium’s commitment to advancing sustainability, human rights, and corporate accountability across a diverse set of issues.
This quarter’s advocacy work reflects Trillium’s commitment to advancing sustainability, human rights, and corporate accountability across a diverse set of issues. From climate risk and transition planning with major financial institutions and technology companies, to encouraging best practices on reproductive rights, workplace inclusion, and fair wages, our engagements aim to support environmental, social, and governance improvements at portfolio companies. We also addressed emerging challenges such as AI-driven environmental impacts and ongoing concerns such as corporate political spending and respect for labor rights. What follows is an account of these efforts, illustrating how investor advocacy can contribute to corporate behavior and public policy.
Financial institutions play a critical role in the low-carbon transition by directing capital toward clean energy and phasing out fossil fuel financing. While many U.S. banks pledge net-zero financed greenhouse gas emissions by 2050, progress is unclear.
Part of Trillium’s work is to urge banks to apply a double materiality lens—considering how their financing impacts the planet in addition to assessing how climate change impacts the bank. We have called for stronger risk disclosure, science-based greenhouse gas emissions targets, and alignment of lobbying with net-zero goals.
Bank of America targets net-zero financed greenhouse gas emissions by 2050 and set 2030 reduction goals for high-emission sectors like auto, steel, aviation, and energy but provides little visibility into client decarbonization progress or criteria. It also omits its energy supply ratio—green energy vs. fossil financing—a key metric for tracking transition progress.
We met with the bank this quarter to advocate for disclosure of client transition assessments, as other banks, including Royal Bank of Canada, Scotiabank, TD, and Citigroup, have done.
This quarter’s advocacy work reflects Trillium’s commitment to advancing sustainability, human rights, and corporate accountability across a diverse set of issues. From climate risk and transition planning with major financial institutions and technology companies, to encouraging best practices on reproductive rights, workplace inclusion, and fair wages, our engagements aim to support environmental, social, and governance improvements at portfolio companies. We also addressed emerging challenges such as AI-driven environmental impacts and ongoing concerns such as corporate political spending and respect for labor rights. What follows is an account of these efforts, illustrating how investor advocacy can contribute to corporate behavior and public policy.
Financial institutions play a critical role in the low-carbon transition by directing capital toward clean energy and phasing out fossil fuel financing. While many U.S. banks pledge net-zero financed greenhouse gas emissions by 2050, progress is unclear.
Part of Trillium’s work is to urge banks to apply a double materiality lens—considering how their financing impacts the planet in addition to assessing how climate change impacts the bank. We have called for stronger risk disclosure, science-based greenhouse gas emissions targets, and alignment of lobbying with net-zero goals.
Bank of America targets net-zero financed greenhouse gas emissions by 2050 and set 2030 reduction goals for high-emission sectors like auto, steel, aviation, and energy but provides little visibility into client decarbonization progress or criteria. It also omits its energy supply ratio—green energy vs. fossil financing—a key metric for tracking transition progress.
We met with the bank this quarter to advocate for disclosure of client transition assessments, as other banks, including Royal Bank of Canada, Scotiabank, TD, and Citigroup, have done.
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