September 7, 2017
We believe a strong shareholder advocacy program should be a core component of any environmentally responsible mutual fund company, which is why Green Century has pressed companies to improve their environmental practices and policies for more than two decades.
The stories below are just a part of the work we do to make a measurable impact by directly engaging companies on the issues that matter most to our investors. Our in-depth approach goes well beyond voting proxies to include shareholder resolutions, dialogues and collaborations with stakeholders that provide a way for investors to leverage the power of their investments.
You can see the complete list of our 2016 shareholder season work here. To find more out more about our shareholder advocacy program, or the other ways Green Century investors are making an impact, please visit our impact page or call us at 1-800-934-7336.
Protecting forests is one of the most effective ways to combat global warming. Over the last few years, Green Century has secured ground-breaking commitments from some of the largest palm oil suppliers, traders and purchasers to end deforestation in their supply chains. This year, we expanded the list of companies committed to a zero-deforestation commodity supply chain through two additional commitments from Target* and ConAgra.*
But, we know that commitments are just the first step and that full implementation of new policies requires follow up. So to ensure that Wilmar,* Asia’s largest agribusiness company, is compliant with its new forest protection policies, our shareholder advocate Kate Kroll went to Indonesia. Wilmar* produces 45% of the palm oil in the world and its commitment to end deforestation will prevent 1.5 gigatons of carbon dioxide pollution by 2020. In Indonesia’s capital city of Jakarta, Kate met with the company’s Chief of Sustainability, Jeremy Goon, who reported on progress towards the company’s commitment and the benefits that sustainable sourcing can have, such as higher yield. Kate also traveled to the more remote region of Sumatra where she witnessed first-hand the new sustainable cultivation practices that are in place and already protecting forests, as well as endangered species and indigenous communities.
Reducing the Use of Antibiotics in Agriculture
Antibiotic resistance is a global health crisis that kills 23,000 people annually in the United States and is expected to kill 10 million people a year globally by 2050.
The overuse of antibiotics in animal agriculture is a major contributor to this crisis, which is why Green Century is a leading investor engaging companies on reducing the use of antibiotics in animal agriculture.
This year, Green Century worked with both Starbucks* and Jack in the Box* (owner of Qdoba Mexican Eats) to craft and implement policies that eliminate the routine use of medically important antibiotics from the companies’ poultry supply chains by 2020. These commitments will impact products sold in over 10,000 stores nationwide.
Below, Erin Gray joins Starbucks’ Senior Manager, Community and Public Affairs Stacey Krum, and WASHPIRG’s Executive Director, Bruce Speight, at the Starbucks annual meeting where Erin publicly acknowledged the company’s new policy.
Livestock production is responsible for more than 14.5% of global greenhouse gas emissions – more than the entire transportation sector. Moving towards more sustainable sources of protein is an important part of combating climate change.
We filed the first ever plant-based protein proposal with Tyson Foods,* the second largest poultry company in the world. Following our proposal, Tyson took an ownership stake in Beyond Meat,* a leading plant-based protein company, and has become a proponent of the plant-based industry.
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*As of June 30, 2017, Target Corporation, Starbucks Corporation, and Jack In The Box, Inc. comprised 0.50%, 0.00% and 0.00%; 1.52%, 0.95%, and 0.00%; and 0.00%, 0.03%, and 0.00% of the Green Century Balanced Fund, Green Century Equity Fund, and Green Century MSCI International Index Fund, respectively. Other securities mentioned were not held in the portfolios of the Green Century Funds as of June 30, 2017. 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, 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.
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 reliable. The views expressed are as of the date of publication and are those of the Advisor to the Funds.
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 email@example.com, or call 1-800-934-7336. Please read the Prospectus carefully before investing.
The Green Century Funds are distributed by UMB Distribution Services, LLC., 235 W. Galena Street, Milwaukee, WI 53212 9/17