Boston Common Asset Management (BCAM)
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate Change
- Biodiversity
- Deforestation
- Sustainable Chemistry
- Sustainable Solar
- Gender Equity
- Inclusive Finance
- Ethical AI
- Indigenous Peoples Rights
- Just Transition
- Human Rights
- Board Diversity
- Workplace Diversity
Environmental Achievements
- Began partnership with GreenPlaces to calculate Scope 1, 2, and 3 emissions and assist in selecting a carbon offset provider.
- Calculating and offsetting Scope 1 and 2 emissions since 2005.
Social Achievements
- Developed an Investor Guide for Prioritizing Gender.
- Engaged 11 US banks on advancing access to finance and inclusion.
- Co-led the World Benchmarking Alliance (WBA) Digital Inclusion Collective Impact Coalition, engaging 40 companies globally to adopt public ethical AI commitments.
- Changes to recruitment practices reduced requirements in job descriptions to encourage more diverse applicants.
- Sponsored firm-wide volunteer days and partnered with BrightFunds for employee giving campaigns.
Governance Achievements
- Updated proxy voting guidelines to require at least two racially diverse candidates for US large-cap companies.
- Engaged 45 companies on board and workplace DEI following votes against their boards based on diversity.
- Majority vote (60.4%) on Netflix lobbying resolution led to enhanced disclosure on lobbying oversight.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Regulatory uncertainty and political hostility towards ESG investing.
- Slow progress on board gender diversity in Japan and Korea.
- Persistent gender pay gap in Japan despite equal pay laws.
- Challenges in recruiting female engineers in Japan.
Mitigation Strategies
- Strategic ESG-integrated philosophy to differentiate and broaden understanding of investment risks and opportunities.
- In-person engagement in Asia to deepen understanding of corporate culture and ESG momentum.
- Sustained dialogue and persistence with companies.
- Use of proxy voting, shareholder resolutions, and issue-area initiatives.
- Collaboration with investors and multi-stakeholder coalitions.
- Public policy engagement.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Engaging suppliers on Scope 1 and Scope 2 emissions (LG Chem).
- Investor expectations for certification of sustainable wood fiber and traceability (Essity, Mondi).
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Certified B Corp
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Best for the World B Corp (five consecutive years)