Explore Our Top 10 Highlights for 2024

In 2024, Green Century held companies accountable and helped make change by convincing companies to share plastics use, disclose both direct and indirect carbon emissions and other environmental advances in the shareholder advocacy season. Here is a look at some of the Top 10 Highlights of our big year:

1. Big Box Plastics: Costco*, the world’s third-largest retailer, agreed to make visible its plastic footprint for its signature Kirkland Brand products and unveiled a five-year action plan to reduce plastic packaging by year’s end.

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2.Reducing Plastic Use: After our shareholder engagements, global entertainment giant Disney* and toymakers Hasbro* and Mattel*, hotels Marriott*, Hilton*, and Choice Hotels*, and other companies agreed to disclose their plastic footprints and/or set goals to cut plastic use.

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3. Protecting Nature: Green Century’s team filed a resolution at PepsiCo* urging the snack and beverage behemoth to address protecting nature and habitats. This was the first time shareholders of a publicly traded company voted on a proposal requesting a comprehensive biodiversity report.

Photo by Marta Costa on Image Source

4. Safeguarding an Environmental Treasure: Green Century continued its multi-year effort to protect the Okefenokee National Wildlife Refuge in Georgia from the threat of a proposed mine for titanium, a widely used pigment in paint, sunscreens and other products. The 438,000-acre refuge is a vital habitat for threatened and endangered species. Our shareholder resolutions at The Chemours Company*, Sherwin-Williams* and Home Depot* helped raise awareness and galvanize environmental leaders to protect this special place.

Photo by John Wollwerth on Alamy

5. Protecting Clean Air: Lowe’s*, the world’s second-largest home improvement retailer, will share details on the planet-warming emissions from the products it sells in response to a shareholder proposal from Green Century. This kind of disclosure is a key first step in cutting pollution from items such as lawncare equipment, which are often among the biggest polluters for retailers.

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6. Curbing Emissions: While IBM* has a goal of achieving net-zero emissions by 2030, the iconic computer giant was not setting rigorous science-based targets to reduce all of its climate pollution. Green Century’s proposal asking IBM to set comprehensive climate emissions targets won a whopping 31 percent of the votes at its annual meeting.

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7. Right to Repair: In a big win for the environment, Green Century worked with Microsoft Corp.* to extend the lifespan of its computers. In response to a proposal from Green Century, Microsoft announced it would extend Windows 10 security updates for organizations of all sizes, including schools, hospitals, and individuals. This move could prevent up to 400 million computers from becoming electronic waste in the coming years.

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8. Preserving Tropical Forests: Global agribusiness giant Bunge* sources soy from South American tropical ecosystems such as the biodiverse Amazon and neighboring Cerrado savanna where jaguars, giant otters and other rare animals live. These are the last places we should be clearing forests for food. After negotiations with Green Century, Bunge agreed to strengthen protections for these special places.

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9. Climate Transition Plans: One of the world’s largest fossil fuel insurers in the world, had set an ambitious target to significantly reduce greenhouse gas emissions across its business. After engagement with Green Century, this company agreed to publish a road map, or climate transition plan, explaining how it will achieve its emissions reduction goals.

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10. Insurance Wins: Green Century pushed Chubb* to phase out insurance for new fossil fuel supplies. The company, which is the largest publicly traded commercial property and casualty insurer in the world and a major insurer of oil drilling off the coast of Brazil, announced in 2023 it would no longer write policies for new extraction or pipelines in conservation areas.  The proposal, which received a 28% vote, asked Chubb to measure and disclose emissions associated with its underwriting, insurance, and investment-related activities. Secondly, Green Century filed a resolution, which received 38 percent of the vote, met with insurer Markel* to measure and disclose emissions associated with its underwriting, insurance, and investment-related activities.

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°Green Century Capital Management, Inc. (Green Century) is the investment advisor to the Green Century Funds (the Funds).

The Green Century Funds are a family of fossil fuel-free, environmentally responsible mutual funds. Green Century Capital Management hosts an award-winning and in-house shareholder advocacy program and is the only mutual fund company in the U.S. wholly owned by environmental and public health nonprofit organizations.

*As of March 31, 2023, Chubb Ltd. comprised 0.00%, 0.45%, and 0.14%; Bunge Global SA comprised 0.00%, 0.06% and 0.00%; Microsoft Corporation comprised 5.34%, 0.00% and 0.00%; International Business Machines Corporation (IBM) comprised 0.00%, 0.74% and 0.00%; Lowe’s Companies, Inc. comprised 0.00%, 0.62% and 0.00%; The Sherwin-Williams Company comprised 0.00%, 0.36%, and 0.00%; Home Depot Inc. comprised 0.96%, 1.62% and 0.00%; PepsiCo, Inc. comprised 0.00%, 1.02% and 0.00%; The Walt Disney Company comprised 0.00%, 0.96% and 0.00%; Hasbro, Inc. Comprised 0.00%, 0.03% and 0.00%; Mattel comprised 0.00%, 0.03% and 0.00%; Marriott International, Inc., Class A comprised 0.00%, 0.27% and 0.00%; Hilton Worldiwde Holdings comprised 0.00%, 0.23% and 0.00%; Choice Hotels International comprised 0.00%, 0.02% and 0.00% and Costco Wholesale Corporation comprised 1.19%, 0.00% and 0.00% of Green Century Balanced Fund, the Green Century Equity Fund, and the Green Century International Index Fund respectively. As of the same date, other securities mentioned were not held in the portfolios of any of the Green Century Funds. 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 their distributor.

You should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. To obtain a Prospectus that contains this and other information about the Funds please visit www.greencentury.com, 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 a variety of risks including interest rate, credit, and inflation risk. 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 reliable. The views expressed are as 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. 7/24 UMB and Green Century are not affiliated.