Green Century Capital Management Announces New President
October 10, 2013 — Leslie Samuelrich has been named President of Green Century Capital Management, Inc. Green Century administers the Green Century Funds, the first family of no-load environmentally responsible mutual funds.
“Green Century is thrilled that Leslie is stepping into this role,” said Green Century Capital Management board member, and immediate past President, Wendy Wendlandt. “Since she joined the firm, she has played a pivotal role in increasing assets, showcasing our long history of environmental screening and advancing our successful shareholder advocacy program.”
Green Century Capital Management currently manages two mutual funds, the fossil fuel free Balanced Fund (GCBLX) and the Equity Fund (GCEQX) that invests in the longest running socially responsible index, the MSCI KLD 400 Social Index. Trillium Asset Management, the oldest socially responsible investing firm, serves as the sub-advisor to the Balanced Fund and Northern Trust serves as sub-advisor to the Equity Fund.
Samuelrich joined the firm in 2012 and most recently held the role of Senior Vice President. She is the former Chief of Staff of Corporate Accountability International and Executive Director of Green Corps. During her tenure with both of these non-profit organizations, she was responsible for increasing revenue sources and building strong brand awareness. Since arriving at Green Century, Samuelrich has become a leading shareholder voice in the fossil fuel free divestment movement. She has garnered media attention around the political impact of divestment, educated investors about the possible risks of investing in fossil fuels long-term and opportunities for reinvestment, and increased the availability of Green Century’s fossil fuel free Balanced Fund.
The fossil fuel free divestment movement, led by 350 .org global warming activist Bill McKibben, is calling for an end to investments in the 200 fossil fuel companies with the most energy reserves. The current divestment movement is modeled after and inspired by the South African divestment campaign, where the investment community played a critical role in shaping the political context and helping bring about the end of Apartheid.
Green Century’s management team continues to include Kristina Curtis, Senior Vice President, who has overseen the operations, administration and finances for the Green Century Funds since the organization’s founding in 1991 and Amy Puffer, who continues to serve as Green Century’s Chief Compliance Officer.
Founded and wholly owned by the non-profit, public interest advocacy organizations, the Public Interest Research Groups (PIRGs) coming out of Earth Day 1990, The Green Century Funds are designed to achieve competitive returns while putting investors’ money to work for cleaner air, cleaner water, and greater corporate environmental responsibility. Green Century’s shareholder advocacy program has filed dozens of shareholder resolutions and pressured companies to make environmental improvement on energy, water, wilderness and political accountability since 1991. Last year, for instance, Green Century successfully worked with Starbucks*, the largest coffee chain in the world, to stop purchasing palm oil that is contributes to deforestation, increased carbon emissions and loss of habitat for endangered species such as orangutans.
You should consider the Funds’ investment objectives, risks, charges, and expenses carefully before investing. To obtain a Prospectus that contains this and other information about the Funds, please click here, email firstname.lastname@example.org, or call 1-800-93-GREEN. Please read the Prospectus carefully before investing.
*As of September 30, 2013, Starbucks Corp. comprised 0.39% and 0.91% of the Green Century Balanced Fund and Green Century Equity Fund, respectively. References to specific securities, which will change due to 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 MSCI KLD 400 Social Index is a free float-adjusted market capitalization index designed to provide exposure to U.S. companies that have positive Environmental, Social and Governance (ESG) characteristics and consists of 400 companies selected from the MSCI USA Investable Market Index. It is not possible to invest directly in an index.
The Green Century Equity Fund (the “Fund”) is not sponsored, endorsed, or promoted by MSCI, its affiliates, information providers or any other third party involved in, or related to, compiling, computing or creating the MSCI indices (the “MSCI Parties”), and the MSCI Parties bear no liability with respect to the Fund or any index on which the Fund is based. The MSCI Parties are not sponsors of the Fund and are not affiliated with the Fund in any way. The Statement of Additional Information contains a more detailed description of the limited relationship the MSCI Parties have with Green Century Capital Management and the Fund.
The Green Century Funds are distributed by UMB Distribution Services, LLC. 10/13