Contact: Kyle Kempf, Green Century Capital Management, firstname.lastname@example.org, (617) 482-0800
Boston, February 10, 2020 — Today, The Coca-Cola Company (Coca-Cola) announced a new goal to reduce the impact of its plastic use, following a Green Century shareholder resolution.
Coca-Cola has committed to reducing its cumulative use of virgin plastic by 3 million metric tons by 2025. The company uses approximately 3 million metric tons of plastic annually. In 2019, about 10% of Coca-Cola’s plastic packaging was made from recycled content.
Green Century Shareholder Advocate Annalisa Tarizzo issued the following statement:
“Coca-Cola claims to envision a ‘world without waste.’ As one of the largest plastic users on the planet, the company has a clear role to play in rendering this vision a reality.
Coke’s commitment to reduce the amount of new plastic entering the market is a welcome first step in the long journey to ending plastic pollution.
We hope ambitious goals for an absolute reduction in plastic use and the expansion of refill and reuse systems are around the corner.”
About Green Century Capital Management
°Green Century Capital Management (Green Century) is the investment advisor to the Green Century 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 December 31, 2020, The Coca-Cola Company comprised 0.00%, 1.31%, and 0.00% of the Green Century Balanced Fund, the Green Century Equity Fund, and the Green Century 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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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. 2/21