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News & Views

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NorthStar has never been content to sit quietly on the sidelines.

Since before ESG was a buzzword, NorthStar has been leading investors to ask hard questions and demand better answers. From CNBC recognition to SEC precedent-setting decisions, From FedEx to PepsiCo to Alphabet, our activism has placed us at the center of today’s most urgent debates.

This is where we share those stories. NEWS & VIEWS brings together milestones, responses, and insights that highlight both our victories and our ongoing challenges.

We call your attention to what matters — and
speak up when change can’t wait.

News share the milestones. Views are why it matters.

Our news

highlight carefully curated updates on shareholder engagements, company commitments, and milestones that shape the landscape of responsible investing.

Our Views

reflect NorthStar’s thought leadership — perspectives, responses, and analysis that give context to the issues. Together, we show both the change we’ve achieved and the convictions that drive our work forward.

Find what matters to you

Browse articles and perspectives on shareholder activism. Use search or explore our archive to see how NorthStar’s activism and thought leadership continue to drive change. Every story reflects a stand.

VIEWS

Addressing AI’s Global Water Strain — An Investor Toolkit

Drinking from An Empty Cup explores how artificial intelligence drives hidden but rapidly growing water consumption. This NorthStar report equips investors with a toolkit to assess portfolio exposure, demand transparency, and drive responsible water stewardship across the AI value chain—before water scarcity becomes the next material crisis.

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NEWS

NorthStar Named to CNBC’s Financial Advisor Top 100 List

NorthStar has been ranked No. 40 on CNBC’s Financial Advisor 100 list. This marks a jump from last year’s position, reflecting our team’s dedication and our clients’ trust. We are proud of this recognition, which underscores NorthStar’s continued momentum and commitment to values-driven investing in the financial sector.

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VIEWS

The Investor Case for Fair Chance Employment (White Paper)

The Investor Case for Fair Chance Employment (White Paper), authored by Mari Schwartzer with support from Tenzing Tashishar and Whitney Nguyen, builds upon NorthStar’s 2018 paper on prison labor. The report details research on fair chance employment and outlines engagement strategies, urging investors to support this critical equity-focused work.

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NEWS

NorthStar Spurs Fair Chance Employment Via Shareholder Action

NorthStar engaged Xylem to establish a fair chance employment program, advancing equity in hiring practices. The program began at two U.S. locations in 2023 with plans to expand across manufacturing sites. Designed to recruit formerly incarcerated individuals, the initiative reflects investor-driven progress toward diversity, inclusion, and economic opportunity.

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NEWS

FedEx Shareholders Back Review of Racism in Company Culture

At the FedEx shareholder meeting, nearly 19% of investors supported NorthStar’s proposal urging a review of systemic racism in company culture. The vote highlighted rising concern after EEO-1 data showed executive leadership remains overwhelmingly white, exposing a gap between FedEx’s diverse workforce and its lack of diversity at the top.

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NEWS

85% of Badger Meter Shareholders Support Board Diversity Action

At the Badger Meter shareholder meeting, 85% of investors supported NorthStar’s proposal urging greater board diversity. Despite past commitments, the company’s eight-member board remains all white by race and ethnicity, with only two women. The overwhelming vote signaled investor demand for stronger, measurable action to align governance with demographic change.

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Views

Prison Labor in the Corporate Supply Chain (White Paper)

Prison Labor in the United States: An Investor Perspective outlines how prison labor is linked to economic inequality, racial injustice, and human rights abuses. NorthStar’s report educates investors about reputational risks, offers tools for identifying prison labor in supply chains, and urges companies to adopt policies preventing abusive practices.

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NEWS

FedEx Commits to Extending Equal LGBTQ Benefits Nationwide

FedEx extended health benefits to domestic partners of lesbian, gay, bisexual, transgender, and queer employees nationwide. Previously limited to California, benefits expanded across USA. The decision followed a shareholder resolution highlighting inconsistencies between FedEx’s non-discrimination policy and unequal treatment of LGBTQ employees in compensation.

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views

Fiduciary Responsibility in Corporate Political Spending (White Paper)

NorthStar’s Fiduciary Responsibility in Corporate Political Spending examines the risks of corporate political contributions that contradict stated policies and values. The paper highlights how disclosure and accountability can strengthen public trust and investor confidence, while misaligned contributions expose companies to reputational damage, backlash, and litigation.

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NEWS

SEC Affirms Shareholder Right to Vote on Political Spending

Following Citizens United, the SEC affirmed NorthStar’s right to file a resolution at Home Depot seeking shareholder votes on corporate political contributions — because donations misaligned with stated policies expose companies to reputational risk and shareholder harm. The decision established political spending as a significant social policy issue warranting shareholder input.

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NEWS

Costco Commits to Continued Reporting on Prison Labor

After engagement with NorthStar, Costco became the first U.S. corporation to commit to continued public reporting on prison labor in its supply chain. The company adopted a global policy requiring minimum wages and voluntary participation, and pledged ongoing disclosure, helping investors assess long-term risks and ensure fair treatment of incarcerated workers.

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NEWS

Socially Responsible Funds Rethink Facebook Over Data Privacy


Following the Cambridge Analytica scandal, which exposed misuse of data from millions of Facebook users, socially responsible investors reconsidered their positions. NorthStar responded by pressing for stronger governance through a shareholder proposal seeking equal voting rights. Reuters reported SRI funds dumping or rethinking Facebook amid growing privacy concerns.

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Want to dig deeper?
Browse our full collection of insights and action.

PRESSING ISSUES

Urgent global challenges demand our insight, action and voice.

Drinking from an Empty Cup is NorthStar’s Investor ToolKit for Addressing AI’s growing water demands.

Where are our priorities as a civilization? We appear to be prioritizing computational need over human rights

Before Same-Sex Marriage Was U.S. Law, They Said ‘I Do’ in Massachusetts

NorthStar Amicus asks SCOTUS  to Protect Shareholder Rights Calling out Facebook’s Failures Behind the Cambridge Analytica Data Breach

INSIGHTS FROM OUR CIO

Our Chief Investment Officer, Nimrit Kang, is frequently sought by CNBC, Bloomberg, and other leading outlets for the clarity she brings to complex market shifts