Shareholder Proposals & Engagement with Corporations

Since 2000, NorthStar has filed over 150 shareholder resolutions as an integral part of the social investment process at our company. We consider it a fiduciary duty to engage with the companies in which we invest to improve the company’s standing on such issues as human rights, the environment, diversity, employee relations, immigration, and lesbian, gay, bisexual, and transgender (LGBT) equality. Each year, we file innovative new proposals at upwards of two dozen companies in our clients’ portfolios with the goals of protecting communities, encouraging better corporate behavior, and progressing forward on a variety of social issues. Below is a sampling of the issues and companies we have engaged on in the past two decades.

Race & Gender

ISSUE AREA COMPANY
Add sexual orientation and/or gender identity to the company’s non-discrimination policy. Fuel Cell, Hubbell, FedEx, Home Depot, Exxon Mobil, IDEX Corporation
Commitment to including women and minorities in board search EMC, Intel, Harsco, Home Depot, IDEXX Laboratories, Stryker, Whole Foods Market, Costco, Ecolab
Link executive pay to diversity in senior management IDEXX Laboratories, WhiteWave Foods
Gender disparity in health insurance cost Aetna
Race & gender equity compensation report Wal-Mart
Report on race and gender of stock option recipients Verizon, Coca-Cola, Wal-Mart

 

Economic Inequality

ISSUE AREA COMPANY
Report on racial/ethnic disparity in loan costs Wells Fargo
Big box store siting and land procurement policy changes Costco
Community reinvestment Western Union
Home preservation rate Wells Fargo

 

Human Rights

ISSUE AREA COMPANY
Assess cost/impact of AZ immigration law on Company First Solar
Create a Board Committee on Human Rights Apple, Western Union
Report on how investment policies address or could address human rights issues (Sudan) Citigroup, Merrill Lynch

 

Environment & Safety

ISSUE AREA COMPANY
Adopt a policy supporting the human right to water Connecticut Water Services, PepsiCo, Intel, Procter & Gamble, Johnson & Johnson, Aqua America, AIG, Ecolab, Keurig Green Mountain, Exxon Mobil, Mead Johnson Nutrition
Report on chemical and biological testing data for beverage products Coca-Cola
Cease anti-GMO support through associations WhiteWave Foods
Sustainability report Chubb

 

Corporate Governance

ISSUE AREA COMPANY
Executive compensation review Bristol-Meyers Squibb, Coca-Cola, Hain Celestial
Equal shareholder voting (one vote per share) Google, Facebook
Congruency between Political Contributions and Company Values General Mills, Staples, McGraw Hill, FedEx, Home Depot, Procter & Gamble, Chubb, Ecolab, Johnson & Johnson, Google, Western Union, Intel, Praxair, EMC, CVS Health
Risk governance committee Western Union
Say on pay Hain Celestial, Tootsie Roll, Johnson & Johnson

CHARITABLE GIVING

NorthStar’s clients have a strong giving tradition, making annual charitable gifts that support hundreds of organizations committed to progressive causes. Take a look at a small sample of the non-profits our clients support.

CONTACT US

NorthStar’s decades-long commitment to socially responsible investing and our thoughtful strategy of shareholder activism puts the firm out in front of many of today’s hot-button investment issues.

PHONE
  • 617.522.2635
  • 617.522.3165
ADDRESS