April 25, 2017
Contact: Marissa LaFave, Green Century Capital Management, email@example.com, (617) 482-0800
BOSTON, April 25, 2017 – The Green Century Equity Fund (Green Century) is seeking support for its shareholder proposal requesting that Dr Pepper Snapple Group (NYSE: DPS) improve disclosure and transparency regarding the company’s efforts to monitor and reduce pesticide use throughout its supply chain. The proposal focuses on pesticide use that poses risk to public health and pollinators.
Green Century’s briefing memo outlines why Dr Pepper Snapple Group’s reduction in its use of pesticides would serve the long-term interests of the company and its investors, and reduce associated business risks, such as potential loss of market access, disruption of supply chains, and reputational, competitive, and regulatory risks stemming from increased consumer demand for more sustainable food choices.
Pesticide use and exposure have been linked to chronic illnesses in humans and research indicates that pesticides have been responsible for an estimated 200,000 acute poisoning deaths each year. The use of certain pesticides has also been linked to significant declines in pollinator populations, which over 70% of global crop species rely on. In a report to the United Nations Human Rights Council in March 2017, experts concluded that “excessive use of pesticides are very dangerous to human health, to the environment and it is misleading to claim they are vital to ensuring food security.”
Green Century will be presenting its proposal at Dr Pepper Snapple’s May 18 shareholder meeting.
About Green Century Capital Management: Green Century offers three environmentally and socially responsible mutual funds. Through fossil fuel free investing and our three-pronged approach of sustainable investing, active shareholder advocacy, and support of environmental and public health non-profits we work to curb climate change, improve environmental policies, and limit environmental impacts of company supply chains.
*As of March 31, 2017, Dr Pepper Snapple Group, Inc. comprised 0.00%, 0.21%, and 0.00% of the Green Century Balanced Fund, the Green Century Equity Fund, and the Green Century International Index 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, country, region, or market as a whole and may perform worse than the market. Foreign securities are subject to additional risks such as currency fluctuations, regional economic and political conditions, differences in accounting, and other unique risks compared to investing in securities of U.S. issuers. 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.
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This information has been prepared from sources believed reliable. The views expressed are as the date of publication and are those of the Advisor to the Funds.
The Green Century Funds are distributed by UMB Distribution Services, LLC. 4/17