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Bruce Herbert, aif

@newgroundsri.bsky.social
164 followers 203 following 70 posts

Chief Executive, Newground Social Investment. Sustainable impact planning & wealth manager, shareholder engagement & responsible investment pioneer. Seattle-based. newground.net

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Bruce Herbert, aif @newgroundsri.bsky.social · 02/10/2026
On Tuesday, Nancy and I attended a federal court hearing in Seattle to support our longtime friends at Neighborhood House in their lawsuit against RFK Jr.'s planned cuts to Medicaid benefits for legal immigrants. Here's Nancy's account: newground.net/blog/showing...
newground.net
Showing Up Matters: A victory for Washington's immigrant communities
I just attended a federal court hearing that gave me a feeling that has been in short supply: hope for our immigrant neighbors.
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Bruce Herbert, aif @newgroundsri.bsky.social · 05/06/2026
Good move by the S&P. The traditional cooling period after an IPO before the company can be integrated into the major stock indices is there for very good reasons.
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Americans for Financial Reform @ourfinancialsecurity.org · 29/05/2026
Today's SEC proposal to repeal its 2024 disclosure rule on climate-related financial risk for large public companies is a sweeping reinterpretation of the agency’s disclosure authority and will leave investors and markets without critical information. ourfinancialsecurity.org/news/sec-usi...
ourfinancialsecurity.org
SEC Using Climate Rule Repeal as Trojan Horse to Decimate Corporate Transparency - Americans for Financial Reform
FOR IMMEDIATE RELEASE: May 29, 2026CONTACT: Jarice Thompson, media@ourfinancialsecurity.org Washington DC –  Today, the Securities and Exchange Commission (SEC) proposed to repeal its 2024 disclosure…
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Bruce Herbert, aif @newgroundsri.bsky.social · 12/05/2026
More on the pending SpaceX IPO — an unprecedented attack on investor rights to hold corporate management accountable. [1/4] www.msn.com/en-us/money/... #CorpGov #ShareholderRights #ESG #SRI #ProxyVoting
msn.com
MSN
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Bruce Herbert, aif @newgroundsri.bsky.social · 08/05/2026
“[The SpaceX IPO] closes the voting door, the courthouse door and the proposal door simultaneously. It’s unprecedented in terms of creating a total lack of accountability," said Bruce Herbert, CEO of Seattle-based sustainability-focused wealth management firm Newground Social Investment... [1/2]
reuters.com
SpaceX IPO gives Musk sweeping power and curbs shareholder rights
SpaceX has adopted corporate governance policies that will erode typical shareholder protections in unprecedented ways, giving founder Elon Musk virtually unchecked executive authority when the rocket...
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Bruce Herbert, aif @newgroundsri.bsky.social · 25/04/2026
Next week, Goldman Sachs shareholders will vote on Proposal 7 – a measure Newground Social Investment filed asking Goldman to disclose how much it spends on lobbying, and why. 1/3
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Bruce Herbert, aif @newgroundsri.bsky.social · 23/04/2026
Earth Day invites reflection on impact. For investors, it also raises a practical question: How are the companies we own shaping the policies that will define the future of our climate – and our economy? newground.net/blog/why-gol... #EarthDay #ClimateRisk #CorpGov #ESG #Transparency
newground.net
Why Goldman Sachs Shareholders Should Vote FOR Proposal 7
Goldman Sachs has spent over $55 million on lobbying since 2010, yet shareholders are not told how those funds are used. Here's why they should vote FOR proposal #7 on April 29.
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ICCR @iccr.bsky.social · 20/03/2026
Now out! ICCR's 2026 Proxy Resolutions and Voting Guide. Inside you'll find ICCR member-sponsored proposals for 2026 corporate proxies along with a preliminary overview of the proxy season. www.iccr.org/reports/2026...
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Bruce Herbert, aif @newgroundsri.bsky.social · 11/03/2026
Newground filed a shareholder proposal that calls on Goldman Sachs to expand disclosure of lobbying expenditures. Lobbying transparency helps shareholders ensure that management behaves in alignment with their interests, and is considered a best practice on Wall Street. newground.net/blog/shareho...
newground.net
Shareholders to Goldman Sachs: Disclose Lobbying Expenses
Newground has filed a shareholder proposal that calls on Goldman Sachs to expand its public disclosure of lobbying expenses. Lobbying transparency helps shareholders ensure that management behaves in...
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Justin Hendrix @justinhendrix.bsky.social · 27/02/2026
"More than 200 employees from Google and OpenAI have signed an open letter stating their solidarity with Anthropic in limiting the use of advanced AI for domestic surveillance or fully autonomous warfare."
axios.com
Google, OpenAI employees call for unified front on military use
Tech workers call for their companies to stand with Anthropic in opposition to domestic surveillance and autonomous warfare.
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Bruce Herbert, aif @newgroundsri.bsky.social · 27/02/2026
This is a fascinating and important case. Such a stark contrast to the litigation in the U.S. by Republican state attorneys general attempting to make it illegal for asset managers to consider climate change in their investment decisions.
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Bruce Herbert, aif @newgroundsri.bsky.social · 27/02/2026
An unfortunate step backward by Vanguard. BlackRock and State Street should stand firm against this ideological attack on ESG investing by climate-denialist Republican AGs carrying water for the coal industry. www.nytimes.com/2026/02/26/c... #ClimateChange #ClimateRisk #ESG #SRI #ImpInv #SustInv
nytimes.com
Vanguard Settles Case Claiming It Tried to Kill the Coal Industry
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ICCR @iccr.bsky.social · 23/02/2026
📆What's on deck for 2026 corporate proxies? What trends should investors expect? Find out on Mar. 20 - Hear key insights during the webinar launch of ICCR's 2026 Proxy Resolutions & Voting Guide. Registrants will receive a copy of the Guide us02web.zoom.us/webinar/regi... @srievent.bsky.social
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Khashoggi's Ghost @urocklive1.bsky.social · 26/02/2026
A federal judge said Thursday that the IRS broke the law by disclosing confidential taxpayer information “approximately 42,695 times” to ICE, in most of those cases giving ICE additional address information in violation of privacy rules created to protect taxpayer data. apnews.com/article/irs-...
apnews.com
The IRS broke the law by disclosing confidential information to ICE 42,695 times, judge says
A federal judge said that the IRS broke the law by illegally sharing thousands of taxpayers’ addresses with Immigration and Customs Enforcement.
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Justin Hendrix @justinhendrix.bsky.social · 26/02/2026
"Anthropic will reject a 'best and final offer' to continue working with the US military, according to its chief Dario Amodei, setting up a legal fight between one of America’s leading AI labs and the Pentagon." giftarticle.ft.com/giftarticle/...
giftarticle.ft.com
Anthropic rejects Pentagon’s ‘best and final offer’
CEO Dario Amodei said start-up ‘cannot in good conscience’ agree to government’s terms for military use of its AI
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Bruce Herbert, aif @newgroundsri.bsky.social · 27/02/2026
Goldman Sachs has caved to conservative pressure to scrap diversity criteria for board candidates — even after shareholders soundly defeated a wave of anti-DEI proxy proposals last year at GS and dozens of other Wall St companies. www.wsj.com/finance/gold... #ProxyVoting #DEI #ESG #SRI #ImpInv
wsj.com
Exclusive | Goldman Sachs Plans to Scrap DEI Criteria for Its Board
Race, sexual orientation and other types of DEI factors will no longer be taken into account when the board’s governance committee identifies new potential directors.
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Bruce Herbert, aif @newgroundsri.bsky.social · 26/02/2026
"A shareholder proposal on workforce diversity will proceed to AT&T’s annual meeting after four NYC pension funds and the telecom giant settled a legal dispute that put new SEC guidance for proxy season in the crosshairs." www.pionline.com/institutiona... #ProxyVoting #DEI #ESG #ImpInv
pionline.com
AT&T, NYC pension funds reach settlement in lawsuit, allowing shareholder proposal to proceed
AT&T will include a previously rejected shareholder proposal around workforce diversity in the proxy materials for its upcoming annual meeting, according to a court filing.
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Bruce Herbert, aif @newgroundsri.bsky.social · 21/02/2026
Jesse Jackson was a hero in the responsible investment community. From the South Africa divestiture movement in the 1980s to calling on Silicon Valley to respect worker's rights, he was a pioneer of shareholder democracy. newground.net/blog/jesse-j... #JesseJackson #ESG #SRI #ImpInv #SustInv
newground.net
Jesse Jackson: A Pioneer for Corporate Accountability
Jesse Jackson was a visionary who understood, decades before it became mainstream practice, that the boardroom was a battleground for justice just as surely as the courthouse or the ballot box.
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Bruce Herbert, aif @newgroundsri.bsky.social · 21/02/2026
This should be required viewing in business schools. A few months old, but still worth watching. newground.net/blog/rep-cas...
newground.net
Rep. Casten Skewers corporate ESG critics
During a fiery House Financial Services Committee Hearing, Rep. Sean Casten (D-IL) offered a masterclass in how to counter right-wing attacks on ESG investing and shareholder democracy.
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Bruce Herbert, aif @newgroundsri.bsky.social · 28/12/2025
#CNN repeatedly interrupts useful programming for idiotic and nonsensical “breaking news“ on non-news involving Trump. In the CNN app, go to “settings“ then to “app feedback“ to express displeasure with these policies.
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Bruce Herbert, aif @newgroundsri.bsky.social · 13/10/2025
Happy Indigenous Peoples Day! If you're an investor (and that includes anyone with a retirement account) check out this new guide to learn how your portfolio can protect Indigenous rights, and the planet. It's about ethics AND fiduciary duty. www.ussif.org/research/res... #IndigenousPeoplesDay #ESG
ussif.org
Sustainable Indigenous Finance | US SIF
US SIF
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Pop-Pop @dcdiversity1.bsky.social · 10/09/2025
Just because they spew, “DEI bad!” disinformation doesn’t make it true. In fact, it’s just the opposite of true, it’s nonsensical. We need to stop conceding the language and narrative to them and reclaim it, NOW!! Otherwise, it’s capitulation.
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Ceres @ceresorg.bsky.social · 04/09/2025
Wisconsin & Hawaii plan to join the Affordable Clean Cars Coalition. Two business networks issued a letter backing the group, launched by nearly a dozen U.S. governors in June, urging state collaboration to advance clean vehicles amid federal policy setbacks. www.ceres.org/resources/ne...
ceres.org
Business groups support U.S. governors’ push for affordable clean vehicles
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Ceres @ceresorg.bsky.social · 04/09/2025
5 key drivers of nature loss have the potential to cost $430bn per year--highlighting the economic imperative for investors and companies to better protect nature in order to protect profits. Join our free webinar to unpack the real financial risks of nature loss: bit.ly/41rMuuK
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Bruce Herbert, aif @newgroundsri.bsky.social · 19/08/2025
Yes. Climate risk = business risk = financial risk.
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Nancy Levine Stearns @nancylevinestearns.bsky.social · 25/07/2025
🚨This week, the U.S. Senate Judiciary Committee and DoJ said they plan to 'kill' DEI, by any name, including in the private sector. But DEI is a business imperative. Corporations that do not capitulate to the Trump regime will win consumer support. peopleofcolorintech.com/articles/sha...
peopleofcolorintech.com
Shareholders At 30 Major US Companies Reject Anti-DEI Proposals
30 shareholders from companies such as Costco, Coca-Cola, and Apple have all rejected anti-DEI proposals during the 2025 proxy season.
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ICCR @iccr.bsky.social · 22/07/2025
The People's AI Action Plan addresses the risks of an unregulated AI industry that puts the information of everyday people in harm's way. View the concrete, actionable ideas and strategies endorsed by over 90 organizations: peoplesaiaction.com @ainowinstitute.bsky.social @openmicmedia.bsky.social
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U.S. Impact Investing Alliance @usimpinvalliance.bsky.social · 03/06/2025
Celebrating the well-deserved recognition of impact investing leaders like @palfrey.org, @darrencwalker.bsky.social and many more. Be sure to check out the #Time100Philanthropy list: time.com/collections/...
time.com
TIME100 Most Influential People in Philanthropy 2025
TIME’s inaugural list featuring new leaders in philanthropy that are eager to see impact and see it now
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Bruce Herbert, aif @newgroundsri.bsky.social · 24/07/2025
Meanwhile, from the department of sanity... www.eenews.net/articles/un-...
eenews.net
UN court declares countries must tackle climate change
Though the decision is nonbinding, the ruling from the International Court of Justice could open the door for more litigation against corporate polluters.
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Nancy Levine Stearns @nancylevinestearns.bsky.social · 21/07/2025
“'But when Target was like, ‘Forget DEI’, and Costco was like, ‘We value diversity,’ I was like, ‘I’m going to spend my money in a place that’s aligned with my values.’” www.theguardian.com/culture/2025...
theguardian.com
Why many Black Americans are boycotting big-box retail stores: ‘using my money to resist’
People are shutting their wallets to firms such as Target and Amazon, who followed in Trump’s footsteps to undo DEI
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Rebecca Solnit @rebeccasolnit.bsky.social · 21/07/2025
I wrote a memorial essay in praise of the great Joanna Macy over there at my newsletter.....
meditationsinanemergency.com
In Honor of Joanna Macy, 1929-2025
I write while staying in one of the great forests of British Columbia, a forest in which the inextricability of life from death is gorgeously evident. Several kinds of fern spring from this soil, some...
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Bruce Herbert, aif @newgroundsri.bsky.social · 18/07/2025
"Despite the political backlash, U.S. companies have either maintained or increased sustainability investments since the beginning of 2025, according to a survey of 400 global executives at U.S. corporations released Tuesday..." www.esgdive.com/news/us-comp...
esgdive.com
US companies quietly maintaining, boosting sustainability investments in 2025: report
EcoVadis found companies are less likely to publicize their sustainability efforts this year, but have largely maintained or increased their ESG investments amid shifts and backlash.
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Wajahat Ali @wajali.bsky.social · 17/07/2025
apnews.com/press-releas...: Shareholders of 30 Companies Worth $13 Trillion Vote Overwhelmingly to Defeat Anti-DEI Proposals
apnews.com
Impactivize: Shareholders of 30 Companies Worth $13 Trillion Vote Overwhelmingly to Defeat Anti-DEI Proposals
EUGENE, Ore., July 8, 2025 /PRNewswire/ -- Shareholders of 30 major corporations, collectively valued at more than $13 trillion, have voted overwhelmingly to reject anti-DEI proposals during 2025 prox...
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Nancy Levine Stearns @nancylevinestearns.bsky.social · 17/07/2025
Apple is one of 30 corporations whose shareholders voted to reject anti-DEI proposals in 2025, most by 99 percent of voting shares. bsky.app/profile/waja...
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Nancy Levine Stearns @nancylevinestearns.bsky.social · 17/07/2025
🔥 House Republicans held an anti-DEI hearing. USC Professor Shaun Harper testified: "DEI opponents make assertions that are often, at best, based on anecdotes. They repeatedly neglect to substantiate their critiques with credible quantitative survey results." priceschool.usc.edu/news/dei-pro...
priceschool.usc.edu
Congressional testimony: Cutting DEI will cost Americans more money
USC Price University Professor Shaun Harper delivered testimony about DEI programs during a hearing before a U.S. House subcommittee.
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Nancy Levine Stearns @nancylevinestearns.bsky.social · 18/07/2025
The number of companies committed to diversity, equity and inclusion initiatives (DEI or by any other name) far outnumber the handful of companies that have entirely ended those initiatives. Because DEI is a business imperative. www.impactivize.org/dei-employer...
impactivize.org
Companies that support DEI
✅ Impactivize Employers of the Day™ Suggest a Company View Criteria A growing list of corporations that have publicly stated their commitments to diversity, equity and inclusion initiatives. These emp...
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Nancy Levine Stearns @nancylevinestearns.bsky.social · 18/07/2025
You know who isn’t cooperating with ICE sweeps in its parking lots? Lowe’s
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Bruce Herbert, aif @newgroundsri.bsky.social · 18/07/2025
Happy birthday, John Lewis! #GoodTroubleLivesOn
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Nancy Levine Stearns @nancylevinestearns.bsky.social · 11/07/2025
💥 NEW AfroTech: "Shareholders at 30 of the largest U.S. companies just delivered a powerful counterpunch to the anti-DEI movement. During the 2025 proxy season, every single one of the anti-DEI proposals filed at these corporations’ shareholder meetings was rejected" afrotech.com/shareholders...
afrotech.com
Shareholders Across 30 Major US Companies Unanimously Reject Anti-DEI Proposals - AfroTech
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Nancy Levine Stearns @nancylevinestearns.bsky.social · 12/07/2025
💥 Shareholders from which 30 companies voted to reject anti-DEI proposals? Here’s the full list, including Costco, Apple, Levi’s, Mastercard, etc. www.impactivize.org/2025-shareho... Impactivize Shareholder Scorecard™ -
impactivize.org
Impactivize Shareholder Scorecard™ -
2025 Anti-DEI Proposals and Shareholder Voting Results
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Bruce Herbert, aif @newgroundsri.bsky.social · 26/06/2025
In philanthropy, endings deserve as much care and clarity as beginnings. As more foundations and nonprofits choose to sunset operations and spend down their assets, a new set of strategic best practices is emerging. Here's our helpful guide to a good end. newground.net/blog/sunsett...
newground.net
Sunsetting: Best Practices for a Mission-Driven Wind-Down
In philanthropy, endings deserve as much care and clarity as beginnings. As more nonprofits decide to sunset and spend down, new strategic best practices are emerging.
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Nancy Levine Stearns @nancylevinestearns.bsky.social · 22/06/2025
🔥 Oklahoma Republican Treasurer Todd Russ’ anti-DEI shareholder proposals got less than 1% of the shareholder vote at companies including Alphabet (Google), Netflix and Lululemon. More than 99 percent of shareholders rejected Russ’ anti-DEI proposals. oklahomawatch.org/2025/06/20/f...
oklahomawatch.org
Few Shareholders Support Oklahoma Treasurer’s Anti-DEI Push - Oklahoma Watch
Oklahoma Treasurer Todd Russ failed to gain support for shareholder proposals targeting “ideological activism” at major companies. Backed by conservative groups, his resolutions drew less than 1% of t...
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Bruce Herbert, aif @newgroundsri.bsky.social · 22/06/2025
While Capitol Hill races to finalize sweeping changes in the so-called One, Big, Beautiful Bill, much remains unresolved. Read the latest for valuable clues on where tax policy may be headed. newground.net/blog/tax-pol...
newground.net
Tax Policy – What the Senate Draft Tells Us
While Capitol Hill races to finalize sweeping changes in the so-called One, Big, Beautiful Bill, much remains unresolved. Read the latest for valuable clues on where tax policy may be headed.
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Bruce Herbert, aif @newgroundsri.bsky.social · 22/06/2025
Shareholders understand what right-wing ideologues don’t: DEI policies aren’t just good for humanity, they’re good for business.
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ICCR @iccr.bsky.social · 29/05/2025
Former Congressman Carlos Curbelo’s latest op-ed explains why businesses and investors must be free to consider material financial risks, including climate change, to protect long-term stakeholder value: www.miamiherald.com/opinion/op-e...
miamiherald.com
Climate risk is real. Companies must be free to consider it, especially in Florida | Opinion
Climate risk is real — and businesses must stay free to adapt to it | Opinion
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Nancy Levine Stearns @nancylevinestearns.bsky.social · 05/06/2025
💥 Netflix Board of Directors recommended shareholders vote to reject an anti-DEI proposal presented at its annual meeting today. In its proxy statement, Netflix Board called the proposal "unnecessary," saying "it would not be in the best interests of Netflix or our stockholders." Voting results TBA.
Netflix logo
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Bruce Herbert, aif @newgroundsri.bsky.social · 27/05/2025
Alec Baldwin moves shareholder proposal #7 at Chevron's 2025 annual meeting, on Newground's behalf. The proposal requests a lower threshold to call special meetings, so shareholders can address lapses in oversight of the company's environmental and human rights practices. vimeo.com/1088158263
vimeo.com
Alec Baldwin Speaks to Chevron
Alec Baldwin will address Chevron shareholders during the company's 2025 annual meeting on May 28, 2025. The actor will deliver a short speech to move shareholder…
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Bruce Herbert, aif @newgroundsri.bsky.social · 08/05/2025
Celebrating the new American Pope!
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Bruce Herbert, aif @newgroundsri.bsky.social · 26/04/2025
The Business Roundtable, which represents Wall St CEOs, has proposed a bundle of proxy-voting "reforms" that would silence small shareholders. For decades, individual investors and small funds have been at the vanguard of the movement for corporate accountability. www.pionline.com/washington/b...
pionline.com
Business Roundtable urges SEC to amend proxy-voting process
The SEC should reform the proxy-voting process, the Business Roundtable said in a report.
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Bruce Herbert, aif @newgroundsri.bsky.social · 25/04/2025
While this may not be a surprise, it's no less shortsighted. www.changethechamber.org/news-researc...
changethechamber.org
SEC Withdraws Defense of Climate Disclosures Rule — Change The Chamber
(April 24, 2025) Did the U.S. Securities and Exchange Commission just remove “security” from their rulemaking?
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