Statement: BlackRock announces major climate commitment
Media Contacts
Proof will be in substantive action
Environment America
WASHINGTON — In a commitment to sustain long-term value for its investors, BlackRock’s CEO Larry Fink recently announced that they will place climate change front and center in charting a course forward for the company. This move followed Environment America’s affiliated mutual fund company Green Century filing a shareholder proposal in December with BlackRock. The proposal called out the world’s largest asset manager for a disconnect between its public posturing on climate change and its actions. Green Century is the only mutual fund company in the United States wholly owned by environmental and public health nonprofit organizations.
Andrea McGimsey, senior director for Environment America’s Global Warming Solutions campaign, issued the following statement:
“Investments firms like BlackRock have an out-sized role to play in solving climate change. We welcome their stated commitment, but are taking it with cautious optimism.”
“For years, BlackRock has issued statements and white papers about the importance of addressing climate risk, yet they voted against virtually every climate-related shareholder resolution last year. They’ve now publicly committed to a new approach, but the proof will be in their actions — and we will be watching closely.”
###
Environment America is a national network of 29 state environmental groups. Our staff work together for clean air, clean water, clean energy, wildlife and open spaces, and a livable climate. Our members across the United States put grassroots support behind our research and advocacy.
Green Century Capital Management 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.
Environment America and Green Century Capital Management are part of The Public Interest Network, which runs organizations committed to a shared vision of a better world, a set of core values, and a strategic approach to getting things done.
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 [email protected], 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. 1/20