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BOSTON -- Following engagement with shareholder advocates from Green Century Capital Management and Clean Yield Asset Management, the Hain Celestial Group inked an agreement to curb its greenhouse gas emissions in alignment with the Paris Agreement’s goals. Under the commitment, the international organic food company is trying to achieve net zero emissions by 2050. Hain Celestial joins a growing list of companies with net zero commitments. This latest action comes after a slew of corporate investor-driven climate activism, including some directed against major oil companies such as ExxonMobil and Chevron.
Green Century Capital Management, Environment America and PIRG are all members of The Public Interest Network.
In response, Matt Casale, director of PIRG’s environment campaigns, issued the following statement:
“Everyone knows that oil and gas companies contribute to global warming, but it’s important to remember that all of us play a role. We’re grateful to Hain Celestial’s leadership for making this important move and living up to their slogan of providing ‘A Healthier Way of Life.’
“As record temperatures scorch North America this summer, we can see what’s to come if we don’t act now to stop the worst effects of climate change. We can still preserve a livable planet, clean air and clean water for generations to come, but only if we have all hands on deck and rapidly reduce global warming emissions. Fortunately, investors across corporate sectors are making their voices loud and clear: climate action is not only good for our environment and our health -- it’s good for business.”
Eve Lukens-Day, Environment America Global Warming associate, issued the following statement:
“A greener, healthier world requires us to eliminate pollution from all sectors of our society that are warming the planet and changing our climate. It is encouraging to see a major company such as Hain Celestial joining the ranks of those committed to climate action. At the same time, we need to sustain the political pressure to adopt policies that simultaneously ramp down fossil fuel use and build out clean energy and transportation infrastructure.”
Environment America is the national federation of statewide, citizen-based advocacy organizations working for a cleaner, greener, healthier future.
U.S. PIRG is the federation of state Public Interest Research Groups. PIRGs are non-profit, non-partisan public interest advocacy organizations that stand up to powerful interests whenever they threaten our health and safety, our financial security, or our right to fully participate in our democratic society.
About Green Century Capital Management
°Green Century Capital Management, Inc. (Green Century) is the investment advisor to the Green Century Funds (The 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 March 31, 2021, The Hain Celestial Group, Inc. comprised 0.00%, 0.02% and 0.00% of the Green Century Balanced Fund, the Green Century Equity Fund, and the 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.
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 click here, email firstname.lastname@example.org, 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. 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.
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