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2019

May 6, 2019

Zevin Asset Management Completes GIPS® Verification

As of April 23, 2019, Zevin Asset Management claims compliance with the Global Investment Performance Standards (GIPS®). This claim has been independently verified for the period of 12/31/2007 to 12/31/2017. The firm’s verification was conducted by ACA Performance Services. 

The GIPS® standards are a set of standardized, voluntary, industry-wide ethical principles that provide investment firms with guidance on how to calculate and report their investment results to prospective clients. The GIPS® standards were created and are administered by the CFA Institute, the global, not-for-profit association of investment professionals. Claiming compliance with the GIPS® standards demonstrates a firm-wide commitment to ethical best practices and strong internal control processes.

GIPS® Verification is the review of an investment management firm’s performance measurement processes and procedures by an independent third-party verifier. Verification assesses whether the firm has complied with all composite construction requirements of the GIPS® standards on a firm-wide basis and if the firm’s policies and procedures are designed to calculate and present performance in compliance with the GIPS® standards. Verification does not ensure the accuracy of any specific composite presentation.

To receive a copy of Zevin Asset Management’s GIPS®-compliant presentation and/or the firm’s list of composite descriptions, please email invest@zevin.com or call 617-742-6666. 

Category: Organizational News

April 11, 2019

Q1 Impact Update

In the first quarter of 2019, we continued using shareholder advocacy for positive impact and long-term risk management. Among other work, our proposal on lobbying ethics performed very well at Disney’s annual shareholder meeting; we continued a dialogue on responsible lending and customer protection with the Indian banking giant HDFC; we testified at the Boston City Council in support of divesting public funds from companies that profit from mass incarceration; and we joined with other investors pressing large banks to stop financing oil drilling in the Arctic National Wildlife Refuge.

You can read about all of these initiatives and get a detailed account of our advocacy dialogue with The TJX Companies (parent of T.J. Maxx and Marshall’s) in our Q1 Impact Update. Contact our Director of Socially Responsible Investing Pat Miguel Tomaino (pat@zevin.com) with any questions, comments, or suggestions.

Category: Shareholder Activism

March 6, 2019

Testifying for Responsible Investment in Boston

Last week, Director of Socially Responsible Investing Pat Tomaino joined neighbors, activists, and more than 130 citizens calling on Boston’s city council to divest public funds from risky companies like private prison operators, weapons makers, and fossil fuel companies.

The Boston City Council hearing — which included our allies such as Corrections Accountability Project, College Bound Dorchester, Mass Peace Action, Muslim Justice League, Boston Ujima Project, and other leading socially responsible investing (SRI) firms — proposed strategies for responsible re-investment in local initiatives that meet residents’ most urgent needs.

Click to read more, including our public testimony to the Boston City Council.

 

Categories: Shareholder Activism, In the Press

January 9, 2019

Q4 Impact Update

In the fourth quarter of 2018, we continued using shareholder advocacy for positive impact and long-term risk management. We filed several shareholder proposals challenging companies to link executive pay to long-term sustainable performance, promote inclusion, and improve lobbying ethics. We also co-authored an important letter to Amazon, urged world governments to act on climate change, and participated in a pathbreaking working group on investing and racial justice. You can read about all of these initiatives and get a detailed account of our advocacy dialogue with Ecolab in our quarterly Impact Update.

Category: Shareholder Activism

2018

November 27, 2018

Zevin Asset Management Welcomes New Portfolio Manager

We are pleased to announce that Kevin Callahan has joined Zevin Asset Management as a senior portfolio manager. Kevin will have responsibility for the day-to-day management of client portfolios in addition to performing equity and fixed income research as an active member of our investment committee.

Kevin has 26 years of experience and is a graduate of both Tufts University and the Kellogg School at Northwestern University. He holds the Chartered Financial Analyst designation and is active in the local chapter. Kevin was previously a managing director at Century Capital Management for 17 years where he managed portfolios, researched investments, engaged in client service, and was integrally involved in the overall management of the firm. Prior to that he held positions with Standish, Ayer & Wood, Inc.; Loomis, Sayles & Company; and Fleet Investment Advisors.

The entire team at Zevin Asset Management is very pleased to welcome Kevin to the firm. Kevin commented, "I am very excited to join this outstanding group of professionals. Their commitment to their clients and ESG investing is refreshing and I look forward to working with this dedicated team and helping the firm grow in the future."

Category: Organizational News

October 18, 2018

Q3 Advocacy Update

In the third quarter of 2018, we continued using shareholder advocacy for positive impact and long-term risk management. We resumed our dialogue with Amazon in light of its recent change in wage policy; we wrote to 14 companies encouraging them to disclose energy and water use data; we began advising a local campaign to divest Boston’s retirement funds from private prisons; we saw our impact deepen as Intel, after pushing from Zevin, convinced the Responsible Business Alliance to adopt stricter supply-chain policies around prison labor; and we published our firm's first-ever comprehensive Impact Report. Pat Miguel Tomaino has our quarterly advocacy update.

Category: Shareholder Activism

September 17, 2018

Impact Report 2018

Zevin Asset Management proudly presents our first comprehensive review of the positive impact we create on behalf of our clients. Watch this video and read our new Impact Report below.


Our socially responsible investing approach creates positive impact in the world. When we help convince companies to develop greenhouse gas targets, that helps address climate change. And when we press big tech firms to strengthen their diversity strategies, each success potentially impacts the lives of thousands of workers.

We’re pleased to review all of this work in our first-ever Impact Report. Read to learn more about how we press companies for change, our approach to voting at shareholder meetings, our portfolio footprint, and the sound business practices that have made us an industry leader and a Certified B Corporation.

Click to download the report

Categories: Shareholder Activism, Presentations

August 21, 2018

Impact Brief: Skin in the game. Why we’re leading a push for inclusion & accountability in the tech sector

The technology sector has historically excluded minority and women workers. Underrepresented people of color hold just nine percent of technical roles in the sector with above-average attrition rates. And women hold about one-third of entry-level tech jobs.

But inclusion isn’t just a matter of racial and gender justice. McKinsey & Company research shows that companies with leading approaches to inclusion are more likely to have above-average financial returns.

That’s why Zevin Asset Management began researching companies’ strategies to promote diversity and retain the most talented tech workers, no matter where they’re from or what they look like. We also channeled our clients’ investor voices for positive impact, challenging companies to link reasonable inclusion goals to the CEO’s paycheck.

Pat Miguel Tomaino has the story on our tech sector work and a look ahead in our latest Impact Brief. 

Thanks for reading, watching the video above, and sharing comments with pat@zevin.com.

Category: Shareholder Activism

July 27, 2018

Impact Brief -- Caretaking & Human Capital: Why we’re leading an investor project on paid family leave.


America faces a caregiving crisis. Approximately 87 percent of private sector workers in the United States do not have access to a single day of paid family leave. This can drive risk and opportunity for companies. Companies offering paid family leave to all workers, not just those at the top, report improved morale, as well as cost savings from less employee turnover.

In the absence of policy at the federal level, last year Zevin Asset Management decided it was time for responsible investors to ask companies about paid family leave policy and push big employers in the right direction. As featured in a recent issue of Fortune, our shareholder advocacy has already helped win key changes at major companies like CVS Health, Starbucks, and Walmart.

Pat Miguel Tomaino has the story on our paid family leave work and a look ahead in our latest Impact Brief.

Thanks for reading, watching the video above, and sharing comments with pat@zevin.com.

Category: Shareholder Activism

July 13, 2018

Q2 Advocacy Update

In the first quarter of 2018, we continued using shareholder advocacy for positive impact and long-term risk management. We won a landmark majority vote on climate risk management at Kinder Morgan; we joined with fellow investors to call out companies enabling the Trump administration’s risky and inhumane immigrant detention policies; we moved Google’s parent company Alphabet, and other tech companies, closer to racial and gender inclusion; we challenged Verizon on privacy and net neutrality; and, we joined a global coalition of investors pushing for access to medicines in the global South countries that need them. Pat Miguel Tomaino has our quarterly advocacy update.

Category: Shareholder Activism

Past performance is not indicative of any specific investment or future results. Views regarding the economy, securities markets or other specialized areas, like all predictors of future events, cannot be guaranteed to be accurate and may result in economic loss to the investor. Specific securities identified and described may or may not be held in portfolios managed by Zevin Asset Management, LLC and do not represent all of the securities purchased, sold, or recommended for advisory clients. The reader should not assume that investments in the securities identified and discussed were or will be profitable. Any securities identified may not have beenselected based on their performance but as an illustrative tool for demonstrating ZAM's shareholder advocacy approach.