May 18, 2017
Press Release Contact: Marissa LaFave, Green Century Capital Management, firstname.lastname@example.org, 617-482-0800
PLANO, TX May 18, 2017 – At its annual shareholder meeting today, Dr Pepper Snapple Group, the American soft drink company that produces popular beverages like Mott’s, Nantucket Nectars, and 7UP, will be facing pressure from its investors to take action to manage, reduce, and disclose pesticide use in its supply chain.
Pesticide use and exposure are responsible for an estimated 200,000 acute poisoning deaths every year, and have been linked to chronic illnesses in humans including cancer, Alzheimer’s disease and developmental disorders. The use of certain pesticides, namely neonicotinoids, has also been linked to systematic collapses 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 the “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.”
The Green Century Equity Fund filed the shareholder proposal at Dr Pepper Snapple Group, noting that the criteria within the proposal, if adopted, would serve the long-term interests of the company and its investors as well as protect the environment and public health. “We believe that properly managing, reducing, and disclosing pesticide use could help Dr Pepper Snapple mitigate the risk of supply chain disruption due to the loss of pollinators, along with reputational, competitive, and regulatory risks,” said Marissa LaFave, Shareholder Advocate at Green Century.
Specifically, the proposal suggests that the company use quantitative metrics to track the amount of pesticides avoided, publish goals to reduce pesticide use or toxicity, and/or provide incentives to growers to minimize the use of pesticides.
According to Consumer Reports, 89% of Americans think it is critical to protect the environment from chemicals such as pesticides, and 85% are concerned about pesticide exposure in food. Major industry players including Sysco,* General Mills,* Unilever,* and Whole Foods* have begun publicly reporting strategies and efforts, in some cases with metrics, regarding the mitigation of pesticide use in supply chains to prevent harm to pollinators and public health.
To learn more about Green Century’s Sustainable Investment Strategy, advocacy efforts, and how you can make an impact with the power of your investments, please visit the Why Choose Green Century webpage or call 1-800-934-7336.
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%; Sysco Corporation comprised 0.00%, 0.31%, and 0.00%; General Mills, Inc. comprised 0.01%, 0.41%, and 0.00%; Unilever NV American Depository Receipt comprised 1.47%, 0.00%, and 0.00%; Unilever NV comprised 1.47%, 0.00%, and 2.29%; and Unilever PLC comprised 0.00%, 0.00%, and 1.81% of the Green Century Balanced Fund, Green Century Equity Fund, and 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.
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 visit click here, email email@example.com, or call 1-800-934-7336. Please read the Prospectus carefully before investing.
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. 5/17