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.
About Green Century Capital Management
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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The Green Century Funds are distributed by UMB Distribution Services, LLC. 235 W Galena Street, Milwaukee, WI 53212. 9/19