Company Spotlight: Union Pacific*
Founded by Abraham Lincoln, Union Pacific, a holding in the Green Century Equity Fund, is the second largest freight-hauling railroad company in the U.S. It employs 37,000 people and operates a network of more than 32,000 miles of rail. Union Pacific also transports freight in the most efficient and least polluting way possible. On average, a train can move one ton of cargo nearly 500 miles on a single gallon of fuel.
Besides providing its customers with an inherently more sustainable way to move goods, Union Pacific is chugging along to meet its own science-based emissions targets to support the climate action goals outlined in the Paris Agreement. The company has adopted precision scheduled railroading which enables it to move cars faster and decrease freight car dwell times, improving efficiency and reliability. Union Pacific also is reducing its footprint by using more renewable and biodiesel fuel.
The company also is on the waste reduction fast track. Union Pacific diverts 68% of its waste from going into landfills largely by recycling of scrap metal. Old rail carts that have reached the end of their life are stripped for useful parts by scrappers and the remaining metal is recycled into new parts and railroad tracks. Union Pacific works with vendors and scrappers to buy back recycled metal products, creating value in a circular economy model.
This is not the only value the company has created. Union Pacific has engineered an impressive 80% growth in its share prices in the last three years.
°Green Century Capital Management, Inc. (Green Century) is the investment advisor to the Green Century Funds (the Funds).
*As of December 31, 2020, Union Pacific Corporation comprised 0.00%, 0.83%, and 0.00% 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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