Press Release Contact: Kyle W. Kempf, Green Century Capital Management, email@example.com, (617) 482-0800
Boston, September 9, 2019– Green Century mobilized investors, representing $15.5 billion in assets under management, in support of the California Circular Economy and Plastic Pollution Reduction Act (SB 54/AB 1080).
The California Circular Economy and Plastic Pollution Reduction Act would require manufacturers to reduce waste from single-use packaging and products by 75% by 2030. It also would require all single-use packaging to be effectively reusable, recyclable, or compostable after 2030.
“Society is increasingly aware that the current rates of plastic pollution are untenable,” said Green Century president Leslie Samuelrich. “California is leading the fight against plastic pollution and we’re happy to rally investors to the effort. Boundless plastic pollution poses serious material risks to corporations, investors, consumers, and the environment.”
Plastic pollution is an environmental scourge. Since 1950, approximately 8.3 billion metric tons of plastic have been produced, and only 9% of this amount has been recycled, with the remainder ending up in landfills, incinerators, or the environment, particularly in our oceans.
Annually, 8 million tons of plastics, or the equivalent of one garbage truck worth of trash every minute, ends up in our oceans. If plastic production follows current projections, the ocean will have more plastic than fish by 2050.
Learn more about Green Century’s shareholder advocacy program here.
Green Century is the first family of fossil fuel free, responsible, and diversified mutual funds in the United States. Green Century invests in sustainable companies, 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.
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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. 9/19