August 10, 2016
When you invest with Green Century, you’re keeping your money out of the worst environmental offenders and supporting industry leaders. We want to share some news about one of the most well-known of these companies, Starbucks.* The company, which has built its reputation around sustainable sourcing, is now forging new ground with the issuance of a sustainability bond to support a more environmentally responsible agricultural supply chain.
This spring, Starbucks became the first U.S. company to issue a corporate sustainability bond, which is similar to a green bond, but can be used for all projects with social impact. (Green Century’s Balanced Fund holds the Starbucks sustainability bond and the largest U.S. corporate green bond, which was recently issued by Apple.*)
The $500 million bond will support the company’s multiple sustainability projects, including ethical sourcing of coffee supplies, climate change mitigation, and $50 million in financing support for farmers.
The bond also gets Starbucks closer to its goal of making coffee the first sustainable agricultural commodity. Last year, 99% of the 551 million pounds of coffee purchased by Starbucks was ethically sourced, according to a set of best environmental and social practices the company developed in coordination with Conservation International.
Coffee is the second most-traded commodity after oil, and the industry is valued at over $100 billion per year. With these developments, Starbucks just took another step towards making sure it’s also a more sustainable industry.
If you’re already a Green Century investor, thank you. If you’re not yet invested and interested in supporting corporate environmental leaders like Starbucks, learn how to get started today.
Green Century Capital Management
You should carefully consider the Funds’ investment objectives, risks, charges and expenses before investing. To obtain a Prospectus that contains this and other information about the Funds, please click here for more information, email firstname.lastname@example.org or call 1-800-93-GREEN. Please read the Prospectus carefully before investing.*As of June 30, 2016, Starbucks Corporation and Apple, Inc., comprised 1.12% and 1.12%, and 0.57% and 0.00% of the Green Century Balanced Fund and the Green Century Equity Fund, respectively. References to specific securities, which will change due to the ongoing management of the Funds, should not be construed as a recommendation by the Funds, their administrator, or their distributor.
Stocks will fluctuate in response to factors that may affect a single company, industry, sector, or the market as a whole and may perform worse than the market. Bonds are subject to risks including interest rate, credit, and inflation. The Funds’ environmental criteria limit the investments available to the Funds compared to mutual funds that do not use environmental criteria.
This information has been prepared from sources believed to be reliable. The views expressed are as of the date of this writing and are those of the Advisor to the Funds.
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