Green Century° investors further the sustainability goals of companies held in its International Index Fund, including Schneider Electric, which creates software and services for energy management.
A company with the tagline, Life Is On, Schneider Electric focuses on two fronts – cutting its own carbon footprint and helping its customers become more energy efficient while reducing its own carbon emissions.
The Fortune Global 500 company topped the list of Time magazine’s world’s most sustainable companies of 2024. Schneider Electric aims to be carbon neutral by 2025. To that end, the company has cut its emissions across its supply chain.
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The French multinational company aims to make an impact and help improve access worldwide to green and reliable energy. In addition to setting its science-based target of operating carbon neutral by next year, the company has a goal of 25 percent absolute carbon reduction across its entire value chain by 2030. The driving factor? The company said it senses the urgency of finding solutions and making substantial progress toward Paris Agreement objectives.
Schneider Electric has modeling to show the impact of widespread use of technology in key sectors – building and construction, industry, mobility, and power generation – in the hopes of abating global carbon emissions. The company posits that technology use, including heat pumps and digital energy management systems, could cut building energy by as much as 40 percent.
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The company, which serves commercial, industrial and institutional sectors, has received a climate score of “A” from the CDP for 12 years in a row. Additionally, it ranked #1 in its industry sector and was listed on the Dow Jones Sustainability Index for 13 consecutive years.
Schneider Electric is one of the companies in Green Century Fund’s International Index Fund, serving as a leading example and offering impactful solutions to help with our goals of environmental stewardship.
A sustainable investment strategy that incorporates environmental, social and governance criteria may result in lower or higher returns than an investment strategy that does not include such criteria.
°Green Century Capital Management, Inc. (Green Century) is the investment advisor to the Green Century Funds (the Funds).
The Green Century Funds are a family of fossil fuel-free, environmentally responsible mutual funds. Green Century Capital Management hosts an award-winning and in-house shareholder advocacy program and is the only mutual fund company in the U.S. wholly owned by environmental and public health nonprofit organizations.
*As of September 30, 2024, Schneider Electric comprised 0.00%, 0.00%, and 3.06% of Green Century Balanced Fund, the Green Century Equity Fund, and the Green Century International Index Fund respectively. As of the same date, other securities mentioned were not held in the portfolios of any of the Green Century Funds. 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 Fund’s investment objectives, risks, charges, and expenses before investing. To obtain a Prospectus that contains this and other information about the Funds please visit www.greencentury.com, email info@greencentury.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 a variety of risks including interest rate, credit, and inflation risk. A sustainable investment strategy which incorporates environmental, social and governance criteria may result in lower or higher returns than an investment strategy that does not include such criteria.
This information has been prepared from sources believed reliable. The views expressed are as the date of this writing and are those of the Advisor to the Funds.
The Green Century Funds are distributed by Distribution Services, LLC. 12/24. Distribution Services and Green Century are not affiliated.