Company Spotlight: Brambles*
Pallets, crates, and the other material components of shipping logistics are a fundamental part of international trade and the growing global logistics industry, of which Brambles Limited (Brambles), a holding in the Green Century MSCI International Index Fund, is a leader.
Operating in more than 60 countries, Brambles claims that its share and reuse model moves more goods to more people in more places than any other organization. As a pioneer in the sharing economy, Brambles sustains the use and reuse of the world’s largest stockpile of reusable pallets and containers. This circular business model recently earned Brambles, which is headquartered in Australia, recognition as the most sustainable company outside the U.S.
In 2019, Brambles’ sharing and reusing approach helped its customers save 1.7 million trees, 2,600 megalitres of water, and 2 million tons of CO2 emissions.
With 99.7% of its wood supply originating from certified sources, Brambles also sources responsibly, which is especially important since Brambles’ equipment stockpile contains more than 590 million pallets, crates, and containers. Brambles’ commitment to sustainable sourcing extends to its energy use and more than 60% of its electricity is powered by renewables.
By initiating transportation collaboration with more than 200 of its customers, Brambles also helped “remove more than 40 million empty truck miles from the world’s supply chains.”
While shipping logistics may be a rather dry subject, it clearly has a global environmental footprint, so it is important that there are companies, like Brambles, working to make it as environmentally responsible as possible.
The Green Century MSCI international Index fund is the first fossil fuel free, diversified, and responsible international index fund available in the U.S. It invests in the stocks of about 175 companies, including sustainability leaders such as Brambles, located in 22 developed markets.
*As of March 31, 2020, Brambles Limited comprised 0.00%, 0.00%, and 0.30% 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 ongoing management of the Funds, should not be construed as a recommendation by the Funds, their administrator, or the distributor.
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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 or 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. 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 to be reliable. The views expressed are as of the date of this writing and are those of the Advisor to the Funds.
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