Boston, August 3, 2021 – Green Century° announced Tuesday that it is among the first investor signatories to Food Emissions 50, a new effort coordinated by the sustainability nonprofit Ceres to push 50 of the highest-emitting food companies to disclose and reduce the full scope of their greenhouse gas emissions.
As a signatory, Green Century is committing to engage with major food companies held in our mutual funds to improve their practices in a number of areas. They include: disclosing comprehensive value chain emissions, setting science-based emissions reduction goals, and implementing climate transition plans that align with the Paris climate accord.
“We are thrilled to be an investor signatory to Ceres’ Food Emissions 50,” said Leslie Samuelrich, president of Green Century. “Deforestation and land conversion are the largest contributors of emissions generated by the food system, and we look forward to using our shareholder advocacy expertise on deforestation to help rapidly reduce agricultural sector emissions.”
Green Century’s award-winning shareholder advocacy program has worked to lower emissions and limit agricultural commodity-driven deforestation for more than a decade, securing commitments to reduce deforestation from major food companies like Kellogg’s* and Archer-Daniels-Midland,* among others.
“Recent research indicates that the food system may be an even more significant emitter than previously thought, accounting for nearly 40% of all anthropogenic greenhouse gas emissions,” said Green Century Shareholder Advocate Thomas Peterson. “We cannot meet the goals of the Paris agreement without serious emissions reductions from the food sector. We look forward to engaging companies on the Food Emissions 50 list to achieve significant value chain emissions reductions as quickly as possible.”
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 June 31, 2021, Kellogg Company and Archer-Daniels-Midland Company comprised 0.00%, 0.09% and 0.00% and 0.00%, 0.18% 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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The Green Century Funds are distributed by UMB Distribution Services, LLC. 235 W Galena Street, Milwaukee, WI 53212. 8/21