Commentary

How Green Century Does Shareholder Advocacy – Engaging Indonesian and Malaysian Palm Oil Producers

Green Century Shareholder Advocate Jessye Waxman engaging with stakeholders

Green Century has been working to end the needless deforestation caused by unsustainable palm oil production since 2012 – and we’ve had a lot of success. We’ve helped secure zero-deforestation commitments from key purchasers. Engaging producers directly about the expectations of international markets is another way to put pressure on producers to adopt No Deforestation, No Peat, and No Exploitation (NDPE) practices.

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Is ESG Hot Air Contributing to Climate Change?

Elephant in Borneo tropical forest

It was only a matter of time. As more and more financial institutions claim to be green or responsible or sustainable, eventually someone was going to ask them to prove it.

Recently, eight U.S. senators did just that. The senators sent letters to the heads of eleven investment firms, asking how they managed the environmental, social, and governance (ESG) risks related to tropical deforestation.

Green Century applauds these senators for asking appropriate questions about firms’ deforestation-linked investments. It’s equally important that individual investors start asking tough questions, too.

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A Letter from Green Century President Leslie Samuelrich

We are only a few days into 2019, but we already have a front-runner for word of the year: volatility. I know volatility can be a bit unsettling for investors, so I wanted to offer some reassuring thoughts: Remember why you invest with Green Century. You invest to save for your future and to make an impact. The market may be unpredictable but the environmental impact of your Green Century investment remains steadfast.

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Aramark Commits to Protect Tropical Forests, After Green Century Engagement

Aramark* serves two billion meals a year in schools, hospitals, sports stadiums and more, so the environmental ramifications of Green Century’s recent engagement with the company will be substantial.

Following a meeting in Green Century’s office in Boston, Aramark agreed to develop and fully implement a no-deforestation commitment within six years. Consequently, Green Century withdrew the shareholder resolution it had filed with the company.

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McDonald’s* Moo-ves on from Routine Antibiotic Use in Beef

McDonald’s made its meals happier this week by announcing the formal adoption of a policy to restrict medically important antibiotic use in its beef supply chain. McDonald’s will begin by monitoring antibiotic use in its top ten beef sourcing markets across the globe and use that data to set reduction targets for reducing on-farm medically important antibiotic use by the end of 2020.

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How Green Century Does Shareholder Advocacy – Financing Sustainable Palm Oil in Indonesia and Malaysia

Considerable strides have been made in palm oil sustainability in just the past six years. Since Green Century began pressing palm oil growers and traders to make zero-deforestation commitments in 2012, the percentage of refined palm oil covered by these commitments has ballooned from 5% to 74%.

Securing these commitments has been instrumental in the effort to combat climate change, preserve habitats for endangered species, and mitigate potential financial risks for investors.

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