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Shareholder Advocacy

Concerned investors can potentially play a vital role in shaping the businesses whose shares they own. Shareholders in public companies can use the power of their ownership to promote better environmental, social, and governance (ESG) policies and practices.

Unlike most mutual funds, the socially responsible funds we provide are "active owners." They frequently use their shares' proxy voting rights to push for positive changes regarding the ESG issues you care about.

Since the 1990s, Progressive Asset Management has been helping clients file or co-file shareholder resolutions on a wide range of issues. In fact, our efforts have been commemorated in the Smithsonian Institution, as a significant part of American economic history.

In 1997, PAM filed shareholder resolutions challenging the Walt Disney Company to improve their suppliers’ labor practices. After the publicity surrounding these resolutions, and the 39 million shares voting in support for the resolutions, Disney posted a contractor code of conduct and pledged to authorize audits and inspections of their suppliers. Our efforts have been recognized as part of a Smithsonian permanent exhibit called “Sweatshops In America.”

For those who want to make sure they support shareholder resolutions as they arise, Progressive Asset Management offers our proprietary Shareholder Alert Service, which notifies investors about significant proxy issues they may vote on.

 

Just as the commandment “thou shalt not kill” sets a clear limit in order to safeguard the value of human life, today we also have to say “thou shalt not” to an economy of exclusion and inequality.
– Pope Francis