Green Century Mobilizes Investors with $400 billion in AUM in Support of California Deforestation Free Procurement Act

CA State Capital

Green Century recently mobilized investors with $400 billion in assets under management (AUM) in support of the California Deforestation Free Procurement Act.

The California Deforestation Free Procurement Act (AB 572) would mandate No Deforestation, No Peat, No Exploitation (NDPE) policies, certification, and public disclosure for state contractors and subcontractors.

It also would help investors mitigate the material risks posed by forest destruction and climate change to the companies in which we invest and help investors identify corporations that are fulfilling their NDPE and zero-deforestation commitments.

You can read our letter of support here.

As one of the leading global investors working to end deforestation, Green Century was proud to endorse AB 572 last month. Ending the destruction of tropical forests and peatlands is a critical component to combating the climate crisis. Deforestation is the third largest driver of climate change, responsible for approximately 15% of all global greenhouse gas emissions.

 

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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 to be reliable. The views expressed are as of 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. 7/19.