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Boston, July 6, 2021 – Green Century° announced on July 6, 2021, that it is joining the Net Zero Asset Managers initiative (NZAMi), a new global effort to accelerate the fight against climate change. Green Century is collaborating with 87 other U.S. and global investors in this new initiative. Its goal is to ensure all forms of investments achieve net zero emissions by 2050. As a signatory, Green Century is committing to work with companies in our mutual funds to urge them to set greenhouse gas emissions targets that align with the goals of the Paris Climate Accord.
“Since our founding by environmental non-profits 30 years ago, Green Century has been committed to protecting people and the planet—and no environmental issue has more consequences nor demands swifter action than climate change,” said Leslie Samuelrich, president of Green Century Capital Management. “It’s time for the investment community to speak up and stand up for shareholders and stakeholders alike.”
Green Century is the first family of fossil fuel free responsible and diversified mutual funds in the United States. Our award-winning shareholder advocacy program has included work to reduce greenhouse gas emissions for more than a decade. Our work to transition the economy off of fossil fuels includes engaging companies in order to accelerate the sourcing of clean energy as we did with Verizon* in 2019. Verizon’s renewable energy goals had been to go from 2% sourcing to 4% by 2025. Our efforts pushed the company to go from 4% to 50% by 2025. This year, Green Century also engaged CarMax* and convinced the company to adopt a target of net zero emissions by 2050.
“Corporations have the scale, scope and speed to rapidly transition our world away from fossil fuels. I’m proud of Green Century’s laser focus on the corporate sector and our work to make this transition happen.”
Green Century’s commitment will be formally announced prior to the United Nations Climate Change Conference in Glasgow, Scotland in November 2021.
About Green Century Capital Management
°Green Century Capital Management, Inc. (Green Century) is the investment advisor to the Green Century Funds (The Funds). The Green Century Funds are the first family of fossil fuel free, responsible, and diversified mutual funds in the United States. 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, 2021, Verizon Communications, Inc. and CarMax Inc. comprised 1.63%, 1.37%, and 0.00% and 0.00%, 0.12% 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.
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 click here, email firstname.lastname@example.org, 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. 235 W Galena Street, Milwaukee, WI 53212. 7/21