December 27, 2017

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Thanks for reading the second installment of our 2017 highlights.

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 2017 into two separate posts. (If you missed the first half, you can find it here.) Below, please find the second half of the top 10 happenings from our work and the industry.

 

5. The Green Century Funds Reach $500,000,000 AUM

Green Century Funds reached a new milestone this fall, with over $500 million in assets under management (AUM) – more than 400% in AUM growth in just five years.

The growth of the Green Century Funds, the first family of responsible, diversified and fossil fuel free funds, mirrors similar growth in the fossil fuel free movement.

More than 58,000 investors and nearly 800 institutions around the world representing over $5.5 trillion have committed to divesting from fossil fuels and investing in a more sustainable economy. This month the World Bank announced it would stop virtually all lending for oil and gas projects in the developing world after 2019.

Download our guide to fossil fuel free investing and share it with a friend to help grow the fossil fuel free investing movement.

Guide cover jpg

 

4. Responsible Investing Movement Grows and Gains Attention

Interest in responsible investing also reached a new high in 2017. According to the US Sustainable Investing Forum, 1 in 5 professionally managed dollars in the United States are now invested with an eye towards environmental, social and governance factors.

Green Century’s three-pronged approach to making an impact for investors was highlighted in a number of media outlets this year, including The New York Times, Barron’s, and Bloomberg. Bloomberg ranked the Green Century Equity Fund among the top 10 performing funds with a conscience.

 

3. Tropical Forest Protection in Action

Green Century Shareholder Advocate, Kate Kroll, touring a sustainable palm plantation in Sumatra. Fresh fruit bunches like these hold hundreds of kernels that contain palm oil. 

Green Century Shareholder Advocate, Kate Kroll, touring a sustainable palm plantation in Sumatra. Fresh fruit bunches like these hold hundreds of kernels that contain palm oil. 

Green Century shareholder advocate Kate Kroll traveled to Indonesia to follow up on commitments to end deforestation in palm oil production from one of our most influential partners and Asia’s largest agribusiness, Wilmar International.* By ensuring implementation of the company agreements we negotiate, we deliver concrete and measurable impact to our investors.

For far too long, most palm oil has been grown on plantations created by burning and razing rainforests. Tropical deforestation contributes to climate change, destroys habitat critical for endangered species such as the Sumatran tiger, and displaces indigenous communities and poses human health risks.

This year, we also started to work in Latin America by mobilizing an investor coalition to protect ecosystems in Latin America, which are endangered by soy and beef production.

 

2. Celebrating 1 Year of the International Index Fund

We launched the Green Century MSCI International Index fund in September of 2016, in order to give environmentally responsible investors a way to invest internationally without compromising their values, and make a difference on the issues they care about. Highlights from the Fund’s first year include supporting environmental leaders like Vestas,* the Danish wind turbine company behind 16% of globally installed wind power; growing the fossil fuel free investing movement by offering the first responsible and diversified fossil fuel free international index mutual fund available to U.S. investors; and helping investors make an impact on climate change and sustainable agriculture through our shareholder advocacy campaigns.
3047314457_4811da2a08_o - cute orangutan family - MUST BE CREDITED 'chem7'

 

 

1. We Are Still In

Blue turbine

In 2017, we saw evidence that many remain deeply committed to taking action on climate change and that they are making inspiring progress. Here are just a few examples that give us hope:

– Justice was served when a federal judge issued a record penalty against ExxonMobil* for violating the Clean Air Act over 16,386 days.

– Bans on fossil fueled cars were adopted in China, India and France, among other countries.

– Tesla announced plans for its first all-electric semi-truck.

– The global market for green bonds, which finances climate mitigation projects, topped $100 billion for the first time ever.

– The largest university in Massachusetts, Boston University, joined colleges across the country by committing to purchase 100% of its electricity from renewable sources by 2018.

– California, the 6th largest economy in the world, is on pace to reach its goal of 50% renewable electricity by 2020 – a full ten years ahead of schedule. 

 

More than a quarter century ago, when the environmental and public health non-profits that founded Green Century decided to help people save for the future without compromising their values, the environmentally responsible investing movement was a small one. Over the subsequent decades, more and more people are looking to make an impact through their investments. Thank you for choosing to be a part of this movement, and we hope to continue working together for a sustainable economy and a better world.

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Photo credit: Orangutan Family, Singapore Zoo by chem7 CC BY 2.0 via Flickr. 

*As of September 30, 2017, Vestas Wind Systems A/S comprised 0.00%, 0.00%, and 0.58% of the Green Century Balanced Fund, the Green Century Equity Fund, and the Green Century MSCI International Index Fund, respectively. 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.
 
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 for more information, 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 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.

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. 12/17