December 21, 2016
As we look forward to the quickly approaching New Year, we wanted to take this opportunity to share some of the highlights from our work of delivering impact to you over the course of the past year.
Thanks to you, Green Century and the environmentally and socially responsible investing field have grown, which has helped us continue our work of promoting environmental stewardship and sustainability through the power of investment.
The past year has been so full of news, events, and Green Century successes that we have separated highlights from 2016 into two separate newsletters. Below, please find the second half of the top 10 happenings from our work and the industry.
Missed the first half? You can find it here.
Green Century is the first family of responsible and diversified fossil fuel free funds and has been a leader in investing in companies that will help us transition to cleaner energy. Within the past week, the Divest-Invest movement announced commitments of $5 trillion, up from $2.6 trillion in September 2015, to be divested over the next three to five years. The individual divestment campaign gained some star power as actor and activist Adrian Grenier announced his divestment pledge to the thousands of individuals who are using their investments to create positive change.
4. And Reinvestment
Green Century has always believed in solutions-oriented investing; our Funds seek to invest in companies that conserve water, conserve energy and have outstanding environmental, social and governance ratings. For example, one of the holdings in the International Index Fund is Vestas Wind Systems.* Headquartered in Denmark, Vestas is the only global energy company dedicated exclusively to wind. In addition to sourcing 100% of the company’s electricity from renewable resources, the wind turbines it manufactures account for 20% of global wind energy production.
3. SRI (Sustainable, Responsible and Impact) Investing Continues to Grow
The Forum for Sustainable and Responsible Investment (US SIF), of which Green Century President Leslie Samuelrich is a Board Member, recently released its 2016 Trends Report showing sustainable investing in the U.S. has grown by one-third, or 33% percent since 2014. This includes overlapping strategies, shareholder resolutions, and environmental, social, and governance (ESG) incorporation. Of the $40.3 trillion assets under professional management in the United States, $8.72 trillion is invested in SRI assets.
This is great news for firms, financial advisors and investors who want to use the power of their investments to build a more sustainable economy.
2. The Future of Plant-Based Protein
In August, Green Century filed the first-ever shareholder proposal concerning plant-based protein. Green Century requested that Tyson Foods* disclose risks associated with the growing demand for plant-based protein stemming from consumers’ concern about animal welfare, the environment and public health.
In October when Tyson announced its investment in alternative meat producer, Beyond Meat,* we withdrew the proposal believing the investment is a signal of a real shift in the meat production and supply industry. Tyson is the largest meat producer in the United States and its interest in plant-based protein is significant for the food industry and our planet
(Look for our interview with Beyond Meat Founder & CEO Ethan Brown in January).
1. We Launched a NEW FUND in Our 25th Anniversary Year
On September 30, we launched the new Green Century MSCI International Index Fund, which is the first diversified and responsible fossil fuel free international index fund in the U.S. With the new Fund, we have expanded the ways in which we help our investors make a tangible impact through the power of their investments.
In addition to providing investors the opportunity to make a difference on issues such as climate change, sustainable agriculture, and forest protection outside the U.S., the new Fund can also help investors diversify their portfolios. You can learn more about the Fund and how you can start investing internationally here.
Twenty-five years ago, the group of environmental and public interest non-profits that founded Green Century decided to help people save for their future without compromising their values. It is a simple concept, but one that was only being used by a handful of fellow pioneers in the socially and environmentally responsible investing space. Since then, because of investors like you, both Green Century and the field of environmentally responsible investing have grown together. More investors continue to choose impact and find new, innovative ways to use the power of investing to create change; the momentum is growing every day. We hope to continue working on your behalf as your environmentally responsible mutual fund company to improve our shared environment and world.
Green Century Capital Management
*As of September 30, 2016, the holdings of the International Index Fund are valued at cost. As of the same date, Vestas Wind Systems comprised 0.00%, 0.00%, and 0.69% of the Green Century Equity Fund, Green Century Balanced Fund, and Green Century International Index Fund respectively. Other securities mentioned were not held in the portfolios of the Green Century Funds as of September 30, 2016. 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.
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, email email@example.com or call 1-800-934-7336. Please read the Prospectus carefully before investing.
Stocks will fluctuate in response to factors that may affect a single company, industry, sector, country, region or the 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 methods, 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.
The Green Century MSCI International Index 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.
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.
The Green Century Funds are distributed by UMB Distribution Services, LLC. 235 W. Galena Street, Milwaukee, WI 53212. 12/16
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