31% of Votes Support Green Century Climate Proposal at Skyworks 

Boston, May 20, 2024 – Shareholders of Skyworks Solutions, Inc.* (Skyworks) delivered 31.2% of votes in favor of Green Century’s° proposal asking the company to set rigorous science-based greenhouse gas emissions reduction targets. The proposal also asked the company to establish a goal to increase its use of renewable energy. 

Skyworks, based in Irvine, California, produces semiconductor chips for aerospace, automotive, broadband, gaming, and smartphone applications and has major manufacturing locations in the U.S. Mexico, Japan, and Singapore.  

Although Skyworks’ existing target is to reduce its emissions of greenhouse gases by 30% by 2030, the target is not science-based, does not cover all emissions associated with its business, and falls short of the 43% global emissions cuts recommended by climate experts. More than 8,000 companies have now set or committed to set ambitious science-based targets with the standard-setting organization called the Science Based Targets initiative (SBTi).  

Apple* is Skyworks’ largest client, responsible for over 50% of the company’s sales. The phone giant has ambitious climate goals for itself and its suppliers, whom it expects to source clean energy and be carbon neutral for their Apple production by 2030. Skyworks has joined Apple’s Supplier Clean Energy Program, but it does not have a target for sourcing renewable energy for its business. 

“We appreciate that companies in certain industries need time to study and adopt ambitious climate goals,” said Green Century Funds President Leslie Samuelrich. “With the plethora of companies on track to do that, Skyworks appears to be a laggard in addressing the critical issue of climate change.” 

Skyworks is at the Back of the Pack 

In terms of plans to reduce its emissions, Skyworks is not keeping up with its peers. Competitors Analog Devices*, NXP Semiconductors*, and Qualcomm are among the 8,000 companies that have set or committed science-based targets with SBTi.  

“Skyworks’ chips are integral to many of the products we rely on – like iPhones,” commented Andrea Ranger, shareholder advocate at Green Century. “Without Skyworks’ chips, iPhones wouldn’t be able to connect to wireless or wi-fi networks. As investors, we expect a technologically sophisticated company like Skyworks to tackle its emissions more comprehensively. Climate change is not a risk we want to magnify.” 


A sustainable investment strategy that incorporates environmental, social and governance criteria may result in lower or higher returns than an investment strategy that does not include such criteria. 

About Green Century 

°Green Century Capital Management, Inc. (Green Century) is the investment advisor to the Green Century Funds (The Funds). The Green Century Funds are one of the first families of fossil fuel-free, environmentally responsible mutual funds. Green Century 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 03.31.2024, Skyworks Solutions, Inc. comprised 0.00%, 0.08%, and 0.00%, Analog Devices, Inc. comprised 0.58%, 0.42%, and 0.00%, Apple Inc. comprised 4.09%, 0.00%, and 0.00%, and NXP Semiconductors NV comprised 0.59%, 0.28%, and 0.00% of the 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. 

The percentage in favor was calculated by (i) dividing the number of votes in support of the proposal by (ii) the sum of the number of votes voted in support of and against the proposal. Abstentions and broker non-votes were not included in the calculation. 

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. 

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. UMB Distribution Services, LLC is not an affiliate of Green Century or any of its affiliates. May 2024.