Press Release Contact: Kyle W. Kempf, Green Century Capital Management, email@example.com, (617) 482-0800
Minneapolis, September 25, 2018 – At its 2018 annual shareholder meeting, General Mills (NYSE: GIS), owner of brands such as Honey Nut Cheerios, Cascadian Farm, and Nature Valley, faced pressure from shareholders to begin tracking and reducing the use of toxic pesticides in its supply chain.
“Toxic pesticides are killing bees and other wild pollinators, which are essential to global food production” said Jared Fernandez, Shareholder Advocate with Green Century. “General Mills should be working to eliminate the use of toxic chemicals in its supply chain, much of which is reliant on pollinators, to ensure its stability, reduce risk, and establish itself as a leader in pollinator protection.”
Green Century contends that enhanced transparency on strategies for reduced pesticide use and the associated impacts on pollinators would serve the long-term interests of General Mills and its investors while safeguarding biodiversity and public health.
There is a growing scientific consensus that certain pesticides, including neonicotinoids (neonics) and glyphosate, are contributing to a massive pollinator die-off, which jeopardizes food security and ecosystem diversity.
More than 40% of global pollinator populations are “highly threatened.” Yet, 75% of global food crops rely on pollinators for reproduction, accounting for up to $577 billion worth of annual food production.
Additionally, the World Health Organization has stated that exposure to certain pesticides can have severe human health impacts, including cancer and adverse effects on the reproduction and immune or nervous systems.
Green Century co-filed with As You Sow on the shareholder proposal, which was presented earlier today at General Mills’ September 25th shareholder meeting.
Learn more about Green Century’s shareholder advocacy program here.
About Green Century Capital Management
Green Century offers three environmentally and socially responsible mutual funds. Through fossil fuel free investing and our three-pronged approach of sustainable investing, active shareholder advocacy, and support of environmental and public health non-profits we work to curb climate change, improve environmental policies, and limit environmental impacts of company supply chains.
*As of June 30, 2018, General Mills, Inc. comprised 0.01%, 0.24%, and 0.00% of the Green Century Balanced Fund, the Green Century Equity Fund, and the Green Century 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 their distributor.
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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.
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