This report was written by Larisa Ruoff and Emily Stone of Green Century Capital Management and by Amy Gallandand Michael Passoff of As You Sow. The authors thank Richard Liroff and Sanford Lewis of the Investor EnvironmentalHealth Network, Liz Hitchcock of US PIRG, Travis Madsen of the Frontier Group, and Larry Fahn, Executive Director, As You Sow for reviewing the report. This report was made possible in part by the generous financial support of theMarisla Foundation, Johnson Family Foundation, the Park Foundation and Clarence Heller Foundation.
Green Century Capital Management
Green Century Capital Management is an investment advisory firm focused on environmentally responsible investing.Founded by a partnership of non-profit environmental advocacy organizations in 1991, Green Century’s mission is toprovide people who care about a clean, healthy planet the opportunity to use the clout of their investment dollars toencourage environmentally responsible corporate behavior. Green Century believes that shareholder advocacy is a criticalcomponent of responsible investing and actively advocates for greater corporate environmental accountability. To learnmore about Green Century and the environmentally responsible mutual funds it manages, visit www.greencentury.com.
As You Sow
As You Sow is a non-profit organization dedicated to promoting corporate accountability, social justice and environmentalprotection. Its Corporate Social Responsibility Program is one of the nation’s leading proponents of shareholder advocacyand provides shareholder dialogue, resolution and solicitation management services to the non-profit, socially responsibleinvestment, and foundation communities. Its Environmental Enforcement Program uses innovative legal strategies to helptransform corporate behavior and promote more sustainable and less toxic consumer products. Together their programwork is helping create a more socially and environmentally just society. As You Sow is based in San Francisco, California.http://asyousow.org
The information in this report has been prepared from sources and data the authors believe to be reliable, but we make no guarantee as to its adequacy, accuracy, timeliness or completeness. Green Century Capital Management and the mutual funds that it manages may have invested in and may in the future invest in some of the companies mentioned in this report. The information in this report is not designed to be investment advice regarding any security, company or industry and should not be relied upon to make investment decisions. We cannot and do not comment on the suitability or profitability of any particular investment. No information herein is intended as an offer or solicitation of an offer to sell or buy, or as a sponsorship of any company, security, or fund. Opinions expressed and facts stated herein are subject to change without notice.Please refer to the Green Century Funds’ website for current information about the Funds’ portfolio holdings.These holdings are subject to risk.