Media Contacts:
Andrew Shalit, Shareholder Advocate, ashalit@greencentury.com, 617-747-4439; Pam Podger, Communications Director, ppodger@greencentury.com, 802-299-9495
Boston, March 21, 2024 – Kellanova, the international snack and convenience foods company formerly known as Kellogg, has become one of the first U.S. food companies to commit to conducting a comprehensive assessment of its impacts on the natural world. The industry-leading move came in response to a shareholder resolution filed by Green Century Capital Management.
“We can’t take nature for granted anymore,” said Leslie Samuelrich, president of Green Century. “Companies need to look closely at all the ways they depend on nature and take responsibility for the impact they have on our planet. We applaud Kellanova for taking this critical step.”
Kellanova’s first public report will be released in 2026 based on 2025 data.
The Natural World at Risk
The move comes as diverse groups are sounding the alarm that the natural world is in crisis. Wildlife populations have declined by an average of 69 percent since 1970, with an estimated one million plant and animal species at risk of extinction by 2050 – approximately 25 percent of all species on Earth.
In 2022, the UN Global Biodiversity Conference called on businesses to assess and disclose their dependence and impact on biodiversity and nature. The food and beverage sector is among the most reliant on nature due to its use of agricultural products and water, generating $1.4 trillion of value annually from nature.
“Businesses are part of the problem, but they can also be part of the solution,” said Andrew Shalit, a shareholder advocate at Green Century. “We are pleased to see Kellanova setting a positive example for the rest of the food industry.”
###
An 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.
About Green Century
°Green Century Capital Management, Inc. (Green Century) is the investment advisor to the Green Century Funds (The Funds). The Green Century Funds are one of the first families of fossil fuel-free, environmentally responsible mutual funds. Green Century 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 12.31.2023, Kellanova comprised 0.00%, 0.07%, and 0.00%, of the 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.
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 UMB Distribution Services, LLC. 235 W Galena Street, Milwaukee, WI 53212. March, 2024