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Microsoft Offers Security Discount for Schools

Contact Information:

Pam Podger, Communications Director, ppodger@greencentury.com, 802-299-9495

Douglass Guernsey, Shareholder Advocate, dguernsey@greencentury.com, 617-747-4447

(Boston) Microsoft Corporation* announced that it will be offering extended security updates (ESU) for Microsoft Education customers at a discount.

Green Century°, an environmentally responsible mutual fund, pushed Microsoft to announce affordable ESU for Windows 10 computers. This action was prompted by reports from the Public Interest Research Group (PIRG) indicating that the end of support for Windows 10 could lead to the largest jump in junked computers ever.

“This allows schools to extend the life of the products they buy, which keeps them out of landfills and incinerators where they release harmful toxins,” said Leslie Samuelrich, President of Green Century Funds. “It is an important step, and we hope that this discount pricing will be extended beyond schools to everyone to protect our communities and our environment.”

An estimated 330-400 million devices currently running on Windows 10 may not be eligible for upgrade because of hardware requirements and will lose essential security updates after October 14, 2025. In October 2023, PIRG delivered 20,000 petition signatures to the company calling for Microsoft to extend support.

Pricing for schools will be $1 per computer the first year, $2 the following year, and $4 the third year. Base license cost for businesses will be between $45 and $61 per year, with the price doubling each consecutive year. The company plans to offer special pricing for nonprofits and individuals.

Longer Lasting Computers Good for the Environment

Extending the lifespan of computers is a big win for the environment.

Most of the environmental impact of computers and other electronics comes not from electricity use, but the carbon and materials needed to produce the equipment. Extending the life of consumer electronics is the best way to cut down on the environmental footprint of the industry.

“Getting an extra three years of computer life for $7 is a no brainer for the environment,” said Douglass Guernsey, shareholder advocate. “We encourage the company to offer this deal beyond the classroom.”

An 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 12.31.2023, Microsoft Corporation comprised 4.91%, 12.36%, and 0.00% of 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.

 

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, LLC. 235 W Galena Street, Milwaukee, WI 53212. UMB Distribution Services, LLC is not an affiliate of Green Century or any of its affiliates. 4/2024