Green Century Urges Nike to "Just do it" and Leave the U.S. Chamber
BOSTON, MA -- The environmentally-responsible Green Century Equity Fund ("Green Century") sent a public letter today to Nike* urging it to drop its membership in the U.S. Chamber of Commerce ("the Chamber") due to severe misalignment of Nike’s position and that of the Chamber on climate change.
Green Century, a Nike shareholder, commends Nike in the letter for its leadership on climate issues, including its founding membership in Business for Innovative Climate and Energy Policy (BICEP) and public statements supporting climate legislation. Nike has released statements acknowledging its disagreement with the Chamber on the issue of climate.
The letter notes the recent withdrawals of Pacific Gas & Electric Company (PG&E)* and PNM Resources* from the Chamber last week as setting "a new standard for corporate responsibility." Green Century advocates that Nike "be a hero in leading companies on the climate issue by terminating its membership in the U.S. Chamber of Commerce."
Green Century’s letter to Nike can be found here.
should consider the Green Century Funds' investment objectives, risks,
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that contains this and other information about the Funds, call
1-800-93-GREEN, visit www.greencentury.com or email
email@example.com. Please read the prospectus carefully before
investing. The Green Century Funds are distributed by UMB Distribution Services, LLC 9/09
* As of June 30, 2009, neither the Green Century Balanced Fund nor the Green Century Equity Fund owned Pacific Gas & Electric Company or PNM Resources. As of June 30, 2009, Nike was not held by the Green Century Balanced Fund and comprised 0.48% of the Green Century Equity Fund. Portfolio composition will change due to ongoing management of the Funds. Please refer to the Green Century Funds website for current information regarding the Funds' portfolio holdings. These holdings are subject to risk as described in the Funds' prospectus. References to specific investments should not be construed as a recommendation of the securities by the Funds, their administrator, or their distributor.
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