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News & Blog

Happy Future Wedding Anniversary!

June 29, 2015

…to those newly empowered LGBT sweethearts in formerly obstructionist states. Clean Yield is proud to have played a minor supporting role in last week’s historic Supreme Court decision declaring the legality of same-sex marriage in all fifty states. As we blogged here a couple of years ago, we were one of more than one hundred businesses who signed on to an amicus brief in support of Obergefell v. Hodges, which documented the significant administrative burdens to businesses imposed by the inconsistency of same-sex marriage recognition among the states.

And we got the nicest thank you note from Susan Baker Manning, lead counsel on the brief:

Friends –

I want to congratulate you and the hundreds of other business who made their support for marriage equality heard at the Supreme Court.  I was in the courtroom yesterday morning when the Obergefell v. Hodges decision was announced, and it was remarkable to watch this important change for our county unfold right there in the room.

Before the Court convened, I spoke with Mary Bonauto, the attorney who argued the case on behalf of the couples.  Mary wanted me to pass on to you just how significant the voices of American businesses have been on this issue. The business case for marriage equality is an important one, and it is clear the voice of the business community has made a difference. Read more »

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Clean Yield to Testify for Massachusetts Fossil Fuel Divestment Bill

June 8, 2015

Hearings will be held June 9, 2015 for two-year old Massachusetts fossil fuel divestment bill (now S. 2269), and Clean Yield will be there to testify in support, as we did in 2013. Unlike an actual two year-old, the bill hasn’t changed much in two years — it still calls for a 5-year phase-out of coal and consumable fuels; integrated oil and gas; and oil and gas exploration and production. In that time, however, more institutional investors are pulling out of fossil fuel stocks (Norway’s $890 billion pension fund being the latest) as the world continues to warm.

Our testimony, which you can read below (or download a PDF version here), will focus on the importance of Massachusetts, which has been a leader among the states in adopting carbon reduction policies, speaking with one voice on climate change.

Read more »

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Company Profiles

Century Bank (CNBKA): Good Business for Investors and the Community

May 22, 2015

Megabanks nearly ruined the U.S. financial system in 2008. What short memories we have. Today the heads of those institutions that were dubbed “too big to fail” are pressuring their congressional allies to dilute the reforms that were enacted (albeit weaker than reformers sought). As investors, we reject the notion that companies have to be global heavyweights to be attractive investments, and we also favor companies, either with our impact investments or publicly owned companies, that care about the communities where they do business.

Century Bank logoIn banking, some might consider community banks to be an anachronism in today’s complex, fast-changing world. We disagree. We think well-managed community banks can be good for both shareholders and their communities.

Century Bancorp was founded in 1969 by Marshall Sloane and is headquartered in Medford, Massachusetts. It has $3.8 billion in assets and 27 offices in 19 cities and towns in the Boston area. The bank is controlled by the Sloane family, with Marshall the chairman, son Barry the CEO, and daughter Linda Sloane Kay an executive vice president. Read more »

Symantec (SYMC): Cybersecurity for an Insecure World

May 22, 2015

Symantec is the world’s largest independent provider of information security products. It serves the consumer, business, and government markets, with its Norton consumer security products perhaps its best-known segment. The company operates in over forty countries and derives more than half its revenues from outside the U.S.

Symantec | United States Cybersecurity and data storage (and management) are two growing areas of technology spending. Symantec expects the overall security business to grow at a 10% annual rate over the next several years, while cybersecurity services could grow by 30% annually. Mobile and managed security services opportunities are particularly promising. The industry has shifted away from its historic reliance on “anti-virus” products, as they are too reactive. Instead, newer companies such as Palo Alto Networks and FireEye are taking a more proactive approach, monitoring networks for unusual activity to detect threats before they cause damage.

Symantec is offering new products to stay competitive in advanced threat protection.

In its recently released, annual Internet Security Threat study, Symantec found that cyberattacks and cybercrime against large companies rose 40% globally in 2014. Attacks on small- and medium-sized companies, which accounted for 60% of targeted attacks, increased roughly 30%. Notably large hacks occurred at Home Depot, JP Morgan, Staples, and Sony last year. Read more »

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