News From Green Century Capital Management

8/5/2010 >> Green Century Joins Investors Pressing Energy Companies on Deepwater Drilling Risk
 
In the wake of significant financial losses from the Gulf of Mexico deepwater offshore drilling disaster and in response to a proliferation of offshore drilling worldwide, Green Century Capital Management (Green Century) joined more than 50 other U.S. and global investors in sending letters to major energy companies asking them to disclose information regarding their risk oversight measures, including spill prevention and response plans, for their offshore oil operations around the world.
 
 
7/7/2010 >> Green Century Posts Record Results on Shareholder Advocacy
 
As the Gulf oil disaster focuses national attention on the huge environmental problems caused by corporate irresponsibility and the enormous tolls environmental impacts can have on shareholders, Green Century Capital Management (Green Century) shares a more positive story – shareholders are taking action to change the corporate course and advocate for improved corporate responsibility.
 
 
6/23/10 >> Strong Votes on Hydraulic Fracturing Send Clear Message to Natural Gas Drillers
 
As BP shareholders face the suspension of their dividends as a result of the Gulf of Mexico oil spill, investors at other oil and gas companies are working to prevent the next drilling disaster. New shareholder proposals - challenging companies to improve disclosure of the risks associated with hydraulic fracturing used in natural gas drilling operations - have received remarkable levels of support according to their proponents.
 
 
6/10/2010 >> Chesapeake Energy fails to disclose fracturing risks to shareholders
 
After remarkably high shareholder votes on resolutions requesting improved disclosure on hydraulic fracturing operations at Williams Companies, Inc (42% support) and Cabot Oil and Gas (36% support), shareholders of Chesapeake Energy Corporation will challenge the company at its annual meeting tomorrow to be more transparent about this controversial method of gas drilling.
 
 
5/27/2010 >> Investors Commend NiSource for Increasing Transparency on Water-related Risks
 
Today, investors commend NiSource Inc. for its recently released report detailing its water usage and efforts to explore alternative generation methods, such as wind power that minimize water withdrawals. The Green Century Equity Fund withdrew its shareholder proposal at the company after it agreed to increase its disclosure in this area.
 
 
5/25/2010 >> ExxonMobil Faces Shareholder Challenge on Oil Sands
 
At its annual meeting tomorrow in Dallas, ExxonMobil will face its first-ever shareholder resolution challenging the company to disclose more information about its controversial investments in the Canadian oil sands. ExxonMobil is the latest company to face high-profile shareholder resolutions on this issue after strong votes at BP plc*, ConocoPhillips*, and Royal Dutch Shell* this spring. The resolution has garnered support from the largest proxy advisory firm, RiskMetrics Group, along with pension funds such as the California State Teachers Retirement Fund (CalSTRS).
 
 
5/24/2010 >> Shareholders Urge Southern Company to Come Clean on Coal Ash
 
In the wake of the 2008 Tennessee Valley Authority (TVA) disaster that spilled a billion gallons of toxic coal ash sludge across hundreds of acres, shareholders are pressing utilities to come clean about how they manage the coal ash produced by their power plants. This week the focus is on Southern Company (Southern) of Atlanta, which manages over 20 coal ash storage facilities in the Southeastern U.S. through its subsidiaries Georgia Power, Alabama Power, Gulf Power and Mississippi Power.
 
 
5/20/2010 >> Williams Companies, Inc. shareholders face undisclosed risks associated with hydraulic fracturing
 
Building on the recent success at Cabot Oil & Gas and EOG Resources, where over 30 percent of shareholders voted in support of a similar resolution, today investors will challenge Williams Companies, Inc. to improve its disclosure of the risks to shareholder value associated with its gas drilling (hydraulic fracturing) operations.
 
 
5/13/2010 >> Green Century Celebrates 20th Anniversary of the FTSE KLD 400 Social Index
 
This month the FTSE KLD 400 Social Index (the KLD400) turns twenty. Green Century is proud to offer the only mutual fund, the Green Century Equity Fund, that tracks this groundbreaking index. Launched in 1990 as the Domini 400 Social Index, the KLD400 remains the cornerstone of the responsible investment field and is the first and most widely recognized index in the nation for investors seeking a portfolio built on environmental, social, and governance (ESG) research.
 
 
5/13/2010 >> Green Century urges Nucor to end political spending secrecy
 
Today, Nucor Corporation shareholders will vote on whether their company should comprehensively disclose and have its board oversee all of its corporate political spending. The Green Century Equity Fund filed the shareholder proposal to end the secrecy that hides the company’s direct and indirect political spending with corporate funds.
 
 
5/6/2010 >> Occidental Shareholders to Vote on Improving Chemical Plant Safety
 
Occidental Petroleum Corporation shareholders have an opportunity tomorrow to send a clear message to the company when they vote on a shareholder resolution asking Occidental to report on how it could improve the safety of its chemical plants by reducing the use of extremely hazardous chemicals and taking other similar steps.
 
 
5/5/2010 >> Green Century urges Hess to end secrecy of its trade association spending
 
Hess Corporation shareholders voted today on a resolution that calls on the company to comprehensively disclose and have its board oversee its political spending. Filed by Green Century Capital Management (Green Century), the resolution would end the secrecy shielding the company’s potentially risky corporate political spending, particularly its payments to trade associations and other tax exempt organizations.
 
 
4/28/2010 >> EOG shareholders face undisclosed risks associated with hydraulic fracturing
 
Today investors challenged EOG Resources, Inc. to improve disclosure of the risks to shareholder value associated with its gas drilling (hydraulic fracturing) operations.
 
 
4/13/2010 >> Oil multinationals face global investor skepticism on oil sands
 
As shareholders gather in London this week for BP’s annual general meeting, American and British investors are coordinating a unique effort putting pressure on four major oil multinationals over their controversial investments in the Canadian oil sands.
 
 
4/7/2010 >> Investors commend EPA efforts to study the environmental impacts of hydraulic fracturing
 
IEHN and Green Century Capital Management are leading the investor effort to ensure that natural gas drilling is done in a way that protects investor interests by avoiding unnecessary risks to human health and the environment.
 
 
3/4/2010 >> Southern Company, CMS Energy and MDU Resources Targeted on Coal Ash
 
Companies that engage in potentially harmful coal ash storage practices and fail to disclose critical information about the ways they manage the material are targets of a new shareholder campaign, according to participating investors.
 
 
2/25/2010 >> Green Century Capital Management Announces Agreement with Pulte Homes, Inc. to Disclose Political Contributions
 
Green Century Capital Management, Inc., the Boston-based investment adviser to the environmentally responsible Green Century Funds, announced today that Pulte Homes, Inc., agreed to disclose its political spending with corporate funds.
 
 
1/28/2010 >> FirstEnergy Corp to Transition to Dry Storage of Coal Ash
 
FirstEnergy Corp*, an Akron, Ohio-based utility, is planning to stop pumping coal ash into the 1,000-acre pond at its Bruce Mansfield Plant in Shippingport, PA and transition to a dry method of waste storage
 
 
1/27/2010 >> Companies Pushed to Disclose Political Contributions
 
After the Supreme Court decided on Thursday to allow nearly unfettered corporate contributions to the political process, investors along with campaign reform groups are condemning the decision and encouraging companies to come clean on their political giving.
 
 
1/26/2010 >> Investors Challenge Gas Companies to Increase Transparency and Protect the Environment
 
Today investors unveiled a major new shareholder campaign to ensure that development of natural gas is done in a way that does not have unintended consequences for the environment and human health.
 
 
1/8/2010 >> 2010 Will Be Record-Setting Campaign Season for Green Century
 
Since August, Green Century has filed 20 resolutions, more than it had in any prior proxy season, asking companies to take action on critical environmental issues including the impacts of Canadian tar sands oil extraction, coal ash, water use by electric utilities, the impacts of natural gas hydraulic fracturing and the disclosure of political contributions.
 
 
12/8/2009 >> Investors Voice Opposition to High-Carbon Fuel Policy
 
A group of financial services organizations and shareholder advocacy groups representing approximately $127.5 billion in assets under management announces today its opposition to financially risky carbon-intensive fuels, such as tar sands, coal-to-liquid, and oil shale, in a letter to U.S. Senators debating the climate bill.
 
 
10/16/2009 >> Shareholders urge 14 top companies to challenge U.S. Chamber of Commerce and National Association of Manufacturers over climate change position
 
In letters to 14 top companies, 43 investors and investment-focused organizations representing over $16 billion in assets under management urged that the companies end the "glaring contradiction" between their own policies and the U.S. Chamber of Commerce’s and National Association of Manufacturers' (NAM) positions on pending climate legislation. Each of the companies has publicly stated that it supports action on climate change, which the Chamber and NAM strongly oppose.
 
 
10/5/2009 >> Green Century Applauds Costco's Movement on Seafood Sustainability, Expects Further Progress
 
Green Century Capital Management, Inc. (“Green Century”), the Boston-based investment advisor to the environmentally-responsible Green Century Equity Fund, announced today that it believes that Costco Wholesale Corp.* (“Costco”) has made significant progress in disclosing information about key sustainability issues, including the seafood sold in its stores.
 
 
9/30/2009 >> Green Century Commends Nike Resignation from Chamber Board, Urges Full Withdrawal
 
The environmentally-responsible Green Century Equity Fund (“Green Century”) commends Nike* for its withdrawal from the U.S Chamber of Commerce Board of Directors but continues to press the company to “Just Do It” and drop its membership in the U.S. Chamber of Commerce (“the Chamber”) completely.
 
 
9/29/2009 >> Green Century Urges Nike to "Just do it" and Leave the U.S. Chamber
 
The environmentally-responsible Green Century Equity Fund ("Green Century") sent a public letter today to Nike* urging it to drop its membership in the U.S. Chamber of Commerce ("the Chamber") due to severe misalignment of Nike’s position and that of the Chamber on climate change.
 
 
9/2/2009 >> Important Disclaimer Notice
 
Green Century Capital Management, the investment advisor to the Green Century Funds, learned Monday that a company named Global Investor Watch sent out a mailing promoting investment in a company which apparently imports goods from China. The mailing stated that 'Green Century Capital' had compensated Global Investment Watch for the advertisement. Green Century Capital Management is not promoting or recommending an investment in the import company; we have no knowledge of the company. Further, Green Century Capital Management has no connection to Global Investor Watch and has not paid Global Investor Watch for the mailing or any other goods or services. Global Investor Watch was not authorized to use the name of our firm.
 
 
7/22/2009 >> Green Century Balanced Fund is First U.S. Mutual Fund to Report its Carbon Footprint
 
Boston, MA – The Green Century Balanced Fund is the first U.S.-based mutual fund to disclose its own carbon footprint, which is 66% less than the carbon intensity of the S&P 500 Index.
 
 
6/23/2009 >> Investors Weigh in on Bisphenol A
 
A coalition of investors and other groups representing over $26 billion in assets yesterday sent a letter to Margaret Hamburg, Commissioner of the Food and Drug Agency (FDA), applauding her recent decision to reassess the safety of bisphenol A (BPA), a controversial chemical used in can linings and hard plastics.
 
 
6/10/2009 >> Values in Action: 2008-2009 Shareholder Advocacy Update
 
Green Century Capital Management, Inc. (Green Century), a Boston based investment advisor, announced today that it has engaged with over 75 companies on some of the most pressing environmental challenges throughout the 2008-2009 advocacy season.
 
 
5/27/2009 >> Chevron Escapes Accountability on the Tar Sands
 
When Chevron Corporation shareholders congregate at corporate headquarters this week, there will be plenty to talk about - but a key issue of concern to shareholders has been excluded from the agenda, according to the environmentally responsible investment firm Green Century Capital Management (Green Century).
 
 
5/27/2009 >> Investors Recognize Some Progress at ExxonMobil, But Company Continues to Fall Short on Protecting Ecosystems
 
At ExxonMobil's* annual meeting today, an institutional investor will take a rare moment to highlight a positive action taken by the company to protect the environment. Green Century Capital Management (Green Century) plans to announce that ExxonMobil has finally responded to environmental and investor concerns by withdrawing from Arctic Power, the lead lobby group pushing to open the Arctic National Wildlife Refuge to oil exploration and drilling.
 
 
4/21/2009 >> Chemical Threat Persists in Food and Beverage Packaging
 
BOSTON/SAN FRANCISCO - Fourteen of the largest public packaged food and beverage companies still use the controversial chemical bisphenol A (BPA) in their packaging despite studies linking the synthetic sex hormone to developmental problems, heart disease and diabetes, according to Seeking Safer Packaging, a new report by investors Green Century Capital Management (Green Century) and As You Sow.
 
 
3/24/2009 >> Green Century Capital Management Announces Agreement with Cummins Inc. to Disclose Political Contributions
 
Boston -- Green Century Capital Management, Inc., a Boston-based investment adviser to the environmentally responsible Green Century Funds, announced today that Cummins Inc.,* a manufacturer of engines and related technologies, adopted policies on the disclosure and board oversight of its political spending with corporate funds. Cummins is the 60th company to agree to political transparency and accountability, according to the Center for Political Accountability (CPA).
 
 
2/26/2009 >> Green Century Joins Investors with $3 Trillion Urging Congress to Pass Strong Energy and Climate Change Legislation to Boost Economy
 
Echoing the same energy and climate change policies that President Obama trumpeted in his speech to Congress Tuesday night, Green Century Capital Management, Inc. (Green Century) joined a group of 35 investors with over $3 trillion in assets Wednesday calling on Congressional leaders to pass strong legislation to advance a clean energy, low-carbon economy and U.S. competitiveness.
 
 
2/17/2009 >> Green Century Capital Management Announces Whirlpool Agreement to Disclose Political Contributions
 
Green Century Capital Management, Inc., a Boston-based investment adviser to the environmentally responsible Green Century Funds, applauded Whirlpool Corporation* for taking a critical first step towards greater disclosure of its political spending. The move comes as the public focuses more closely on corporate influence in the political process.
 
 
1/7/2009 >> Green Century Pressuring Lowe's to Respect the Everglades
 
Green Century Capital Management, Inc. (Green Century), the Boston-based investment adviser to the Green Century Funds, has been engaging Lowe's Companies, Inc.*, a major home improvement retailer, over the company's efforts to build a big-box store in critical wetlands territory bordering the Florida Everglades.
 
 
1/7/2009 >> Alberta's Tar Sands: A sticky situation for investors and ducks alike
 
What could beat Amazonian deforestation, massive coal plants next to elementary schools, factory farming and mountaintop removal for the title of 'the most destructive project on Earth'? Cue the tar sands, a vast expanse of the Albertan province opened up to rampant drilling, surface mining and pipelines through what was once a strikingly beautiful section of the Canadian Boreal forest.
 
 
11/6/2008 >> Green Century Challenges U.S. Corporations to Improve Environmental Performance
 
Green Century Capital Management, Inc. (Green Century), a Boston-based environmentally responsible investment advisor, announces its 2008-2009 shareholder advocacy program. Green Century will engage over 25 companies during the coming year, encouraging these companies to become environmental leaders and decrease shareholder risk by improving their policies and practices related to environmental stewardship and public health.
 
 
10/20/2008 >> Green Century Balanced Fund Portfolio Manager Discusses Green Energy and Clean Tech Investments
 
The Green Century Balanced Fund's lead portfolio manager, Adam Seitchik, discussed the Fund's green energy and clean technology investment initiatives at a telenews conference on October 16, 2008. Mr. Seitchik, the chief investment officer of Trillium Asset Management, addressed the power of investing in alternative and renewable energy companies even in the current economic climate.
 
 
10/15/2008 >> Green Century Funds Third Quarter 2008 Investment Update
 
As the third quarter of 2008 came to a close, investors may be feeling they have been battered by the combined forces of Hurricanes Fannie, Freddie, Lehman, and AIG in quick succession. While the recent turmoil in the markets may cause upheaval on the scale of Hurricanes Katrina or Ike, historically the financial markets have proved resilient in the long run. The government has begun to take steps to address the situation, though no one knows which direction the markets may head in the near future.
 
 
5/28/2008 >> $370 Million of ExxonMobil Shareholders Vote to Protect Arctic Refuge from Oil Drilling
 
ExxonMobil investors who own $370 million voted today in favor of a shareholder resolution asking the company to refrain from drilling for oil in the Arctic National Wildlife Refuge. 8.4% of ExxonMobil shares voted in favor of the resolution filed by Green Century Capital Management (Green Century) in conjunction with the Sierra Club.
 
 
5/28/2008 >> Chevron Investors Representing $43.8 Billion Support Greater
 
Disclosure of Tar Sands' Environmental Damage

At Chevron's annual meeting today, 25% of investors owning $43.8 billion of Chevron's shares voted in favor of a shareholder resolution asking the company to recognize - and eventually stop - the environmental damage caused by expanding the carbon-intensive oil sands operations in the Canadian boreal forest.
 
 
5/22/2008 >> Green Century Funds Joins Investors Managing $2.3 Trillion
 
Calling on Congress to Tackle Global Climate Change
Group Says Lack of Clear Policy Undermines Long-Term Economic Competitiveness

The Green Century Funds join more than 50 leading investors, including the nation's largest public pension fund and the world's largest listed hedge fund, calling on the U.S. Senate to enact strong federal legislation to curb the pollution causing global warming.
 
 
5/15/2008 >> ConocoPhillips Shareholders Vote to Protect Alaskan Wilderness 3rd Year in a Row
 
More than 20% of ConocoPhillips shareholders today voted in favor of a shareholder resolution asking the company to recognize - and eventually stay out of - sensitive areas within the National Petroleum Reserve Alaska, particularly areas near Teshekpuk Lake.
 
 
4/22/2008 >> Earth Day Profile of Green Century President Wendy Wendlandt
 
The New York Times Magazine profiled Wendy Wendlandt, President of Green Century Capital Management ("Green Century"), in its April 29, 2008 "The Green Issue."
 
 
2/19/2008 >> PA Treasurer Selects Green Century Balanced Fund for $5 million Investment
 
Green Century Balanced Fund selected as part of Pennsylvania's new green investments strategy. State takes long-term view that seeks competitive returns and includes sustainability and climate change issues.
 
 
12/18/2006 >> Lower Fund Expenses for the Green Century Funds
 
Green Century Funds' Board of Trustees voted unanimously to lower the annual expenses of the Green Century Funds.
 
 
11/14/2006 >> Green Century Shareholders Vote for Continued Investment in the Domini 400 Social Index
 
Boston, MA, November 14, 2006 –The shareholders of the Green Century Equity Fund (Equity Fund) expressed overwhelming support for continued investment in the venerable Domini 400 Social Index (the Index).
 
 
8/30/2006 >> Green Century Equity Fund Lowers Expenses and Continues Strategy of Investing in the Domini 400 Social Index
 
Boston, MA, August 30, 2006 – The Green Century Funds today filed a proxy statement with the Securities and Exchange Commission (SEC) seeking approval from the shareholders of the Green Century Equity Fund (Equity Fund) to appoint Green Century Capital Management, Inc. (Green Century), its current Administrator, as Investment Advisor of the Equity Fund.