History of Leadership

//History of Leadership
History of Leadership 2018-04-26T15:08:35+00:00

Walden’s clients and investment professionals have been in the vanguard of the socially responsible investment movement since the 1970s. The chart below highlights some of the milestones in our history.

 1975 Initiate socially responsive investment services
 1982 Subadvise first U.S. mutual fund with anti-apartheid criteria
 1986 File first shareholder resolution by a mutual fund, prompting a company to negotiate in good faith with its union
 1987 Provide the expert financial testimony in the landmark Board of Trustees v. Mayor of Baltimore case that upheld the legality and financial prudence of a South Africa divestment ordinance
 1989 Founding member of Ceres, an environmental and investor coalition that advocates for corporate sustainability leadership
 1991 Launch diversified portfolio of innovative small capitalization companies
 1992 Launch Just Vote No – voting against boards of directors without people of color or women, a practice later adopted by many other SRI firms
 1993 Join legal action against U.S. Securities and Exchange Commission that stopped the SEC from barring shareholder proposals based on anti-discrimination and other employment issues
 1994 Testify before the U.S. President’s Glass Ceiling Commission in favor of full corporate disclosure of diversity information, the only investment manager to do so
 1996 Establish community economic development investment service
 1999 Begin managing fossil fuel free portfolios
 2000 File a shareholder resolution at an international company (U.K.) asking a global energy company to commit to preserving the U.S. Arctic National Wildlife Refuge
 2002 Convince 40% of retail pharmacies to phase out mercury thermometers; win majority of shareholder votes for the first time on a resolution calling for a leading technology firm to increase board independence
 2004 Conclude multi-year campaign that garnered majority shareholder support and convinced a large personal care manufacturer to adopt a policy of annual election of directors
 2006 Receive the Eleanor Roosevelt Human Rights Award from the workers’ rights advocacy organization American Rights at Work in recognition of research and engagement supporting workers’ rights
 2007 Testify at a hearing held by the U.S. House Committee on Financial Services representing Walden and the Social Investment Forum (now US SIF)
 2009 Initiate Boston Trust’s first company-wide corporate social responsibility report
 2010 Lead Say on Pay initiative to increase accountability on executive compensation, which culminates in a new SEC mandate
 2014 Achieve goal of 100% of Large Cap strategy holdings adopting EEO policies inclusive of sexual orientation
 2015 Spearhead campaign to align corporate goals on greenhouse gases with climate science; leader in urging greater oversight and transparency on lobbying and political spending by companies; celebrate 40 years as a sustainable and responsible investment manager
 2017 Successfully challenge large asset managers to address ESG issues in their proxy voting policies and practices
2018 File 500th shareholder resolution; ~40% of resolutions we have filed over time have been withdrawn with agreement