Green Century Capital Management, one of the groups in The Public Interest Network, is harnessing the power of shareholders on behalf of the environment and making a difference.
In the past seven months, our affiliated upstart family of socially responsible mutual funds has helped convince seven major corporations to commit to reduce carbon emissions, increase renewable energy, save tropical forests, and protect public health.
Our network started Green Century back in 1991, and it has housed our shareholder advocacy work ever since. Green Century applies an environmental screen to affiliated mutual funds’ investments and proactively seeks out companies with positive environmental stories. But Green Century also leverages its status as shareholders to change corporate practices and plows its profits back into more advocacy and activism. (Green Century is owned by state PIRGs and the network’s Fund for the Public Interest.) For example:
All seven actions came after Green Century’s shareholder advocates engaged the companies, filed resolutions, and/or sat down with company officials to iron out the commitments.
Doug Phelps, president and executive director of The Public Interest Network and a member of Green Century's board of trustees said, "It is important for public interest groups to applaud when a company like Verizon, or Amazon, or Kroger takes positive steps on the environment and public health. Green Century harnesses the power of shareholders and the expertise of its staff to nudge more companies in the right direction."